Help and advice for businesses to manage their finances through and beyond the Covid-19 lock-down
As we keep plunging deeper into a global recession, it can be tempting to panic and dither with decisions, but that’s not going to help. In fact, it’s the businesses which move quickly that will survive and thrive during this time. So how can you be one of those businesses? One that actually grows during … Read more
As author Dough Hall correctly put it, “if your profit margins aren’t rising, chances are your company isn’t thriving.” Makes sense when you think about it. If your profit margin is the actual money you get to walk away with after a transaction (your revenue minus your costs), you want to be continually improving this … Read more
The pandemic may have forced hundreds of businesses to convert from co-located teams to 100% virtual teams in a matter of days, but that was just temporary, right? That’s what many of us thought. For a while there, it was just about getting through the next couple of weeks and then months, but now, another … Read more
Yesterday the Scottish and English governments announced national lockdowns with schools being closed. The net result being all of England and Scotland must stay at home except for a handful of permitted reasons. Wales has already been on a lockdown since mid December. If you had been looking at the daily cases of COVID-19 it … Read more
We may not know when things will be going back to normal, even now that a Covid vaccine is on the horizon, but we can plan ahead for when the time comes to reopen our businesses. This is called scenario planning – also known as ‘hoping for the best but planning for the worst’ – … Read more
As most working professionals spend a third of their time at work, it’s been a massive adjustment for the millions of people who have had to start working from home. With many other stressors and worries piled on top of this, it’s no surprise then that this has had a major impact on the health, … Read more
The Chancellor’s update to the House of Commons yesterday made pretty grim listening. It’s not going to surprise anyone to hear that due to two national lockdowns and a myriad of local lockdowns, the economy has shrunk in 2020 by 11.3%. The economy is forecast to recover back to pre-pandemic levels in 2022. You can … Read more
English Government announce new winter plan to beat COVID-19 This week seems to be a week of announcements from Boris. So, you may see a few updates from us too this week. On Monday the English government published its winter plan to beat COVID-19. You can find the full text of the plan here. Having … Read more
Working from home relief = FREE CASH Due to the current pandemic, many businesses have been working from home this year (ours included). It looks like those who can work from home will be until March 2021 at the earliest. We have also seen a change in attitude towards flexible working. It has become the … Read more
What are the new business support schemes for covid-19? Yesterday the government announced more support for businesses and the self-employed. This blog takes you through the announcements and what it means for your business. On the one hand, it is great to see the government making available this help. But this probably means we will … Read more
