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At Taylor & Co we can provide businesses in the Royston area with advice and support on a wide range of business issues. This article suggests 7 ways to protect your business against a downturn.
Small and medium-sized businesses are particularly vulnerable to economic downturns. But all too often we see companies going under that could have stayed afloat if they had taken a few elementary precautions at the right time.
The right time to protect your business against a downturn is when it is relatively strong and you still have room to manoeuvre.
Here are seven steps you should consider taking:
If you are in the Royston area and are looking for support and help from experienced accountants and business advisers, contact Taylor & Co.
02 Jun 2023
Confidence in the UK economy amongst businesses 'stabilised' to just below neutral in May, according to a survey carried out by the Institute of Directors (IoD).