Professional Advice Service
Tips for Managing the Downturn
Be approachable; be visible. Of the many enquiries and pricing
opportunities that will come your way, there will be one that WILL
make a difference to your business.
Tony Woodburn
Managing Partner, Henriques Griffiths Solicitors
Train, train and train again – with reducing workforces, you
will need to get more flexible staff and this involves investing
short term in training for long term benefit. There is a lot
of cash out there to help you fund it and the bureaucracy need not
get in the way – there are other SMEs that specialise in helping
you through the paperwork!
John Hepworth
Hepworth, Organisational and HR Development
View more tips from
Hepworth
A good leader is respectful of the past, realistic about the
present and optimistic about the future.
Kevin Ball
West Consulting
View more tips from West
Consulting
Involve your customers - good customer relationships are even
more important and they are also experiencing difficulties so there
may be a 'win-win' for both of you, if you talk.
Cathy Monaghan
Head of HR, PES Consulting
View more tips from PES
Consulting
Review absolutely every cost in your business – honestly.
Sue Tumelty
Managing Director, The HR Dept
View more tips from The HR Dept
Are you facing up to potential problems – not just ignoring
them?
By talking to your accountant or other independent adviser at an
early stage you are more likely to have time to solve your problem
or at least reduce the risks. You should not wait for your
banker to say “no”; or your customer to default on their debt.
Rupert Mullins TD FIPA
Benedict Mackenzie LLP
View more tips from Benedict
Mackenzie LLP
Consider all the alternatives to redundancy. Do you have
the right to introduce short term working or to lay workers off
temporarily? Consider offering sabbaticals, voluntary release
or pay freezes.
Scrase Employment
Solicitors
View more tips from
Scrase Employment Solicitors
Take advice early! It is absolutely essential the business is
properly advised at the earliest stage of any difficulties, both to
ensure continued trading and to avoid the potential for personal
liability of directors and business owners.
Keith Mahoney
Meade-King Solicitors
View more tips from Meade-King
Solicitors