Yesterday (27th April 2020) the Chancellor of the Exchequer announced the Government’s Bounce Back Loans scheme with a higher than expected limit of £50,000. The Government says the new scheme will open Monday 4th May 2020 and will see successful applicants receiving cash within 24 hours. Rishi Sunak said, “Our smallest businesses are the backbone of our economy and play…
We’re currently facing a very turbulent time economically – and when faced with such times, businesses and their owners quite often tend to panic. This panic leads to “survival mode” being triggered and any thought of how to grow in a recession simply goes out of the window. But is this the right response? We’d argue not. You see, some…
It is often said in business that cash is king. In fact, the reason most businesses fail is not actually lack of profits but rather lack of cash flow. And as businesses grapple with the impact of Coronavirus, the message that cash is king has never been more important. Until you now you may have measured any number of things…
Now is the time for leadership. Small and medium sized businesses all over the UK are experiencing an unprecedented challenge i.e. to survive in the face of a virus that is causing major economic disruption. At a time like this, if you have a team of people in your business it is vital that you (as the business owner) show…
