28th February 2022
Over the past two years many businesses have had to review what they do, how they operate and what changes they need to make to ensure their longer-term survival during unprecedented times.
It has revealed how resilient businesses can be, but also how precarious they can be; so how can businesses protect themselves from financial difficulties in the future?
6 steps to better financial management
A few key steps can make all the difference to protect your business from financial difficulty. These steps are about managing costs, managing information, and using that information to make the adjustments needed to keep on top of the financial situation:
Avoiding the personal cost
Perhaps just as important as protecting your business from financial difficulties is being able to spot the signs that you may be in difficulty. Struggling to pay creditors, reduced revenue, losing clients, poor cashflow and at a personal level, higher anxiety and inability to sleep because of business are all signs that you need support.
Seeking advice early on will help you take back control of your business’s financial situation and rebuild for the future as well as reducing stress on yourself, your family and friends.
James Rosa Associates
James Rosa associates is a firm of debt advisors and debt adjustors. With a supportive and friendly approach, we offer a full range of advice and professional services to individuals and business owners/directors who face unmanageable debt or who are involved in civil or commercial disputes. Our services include:
We are authorised and regulated by the Financial Conduct Authority (FRN665061) to work with clients to produce bespoke solutions to fit their specific circumstances.
Find out if you qualify for a free consultation
If you want to deal with an unmanageable debt, or bring a dispute to a swift and cost-effective resolution, contact James Rosa Associates, ring 0845 6807217 or email email@example.com to find out whether you qualify for a free consultation.
Please be advised that all views expressed in these posts are those of the author and not of James Rosa Associates ltd.