COVID-19 has forced many businesses to change and adapt their way of working in order to meet new demands. So, it’s the perfect time to reorganise your business finances and rethink aspects of how your company operates.
While lockdown measures are being loosened, the financial support schemes on offer to the private sector are being tightened. This was inevitable; there was only ever so much the Government could do to support businesses through this period.
It’s not a new revelation that sharing resources can improve efficiency within organisations and between partners. Having a centre of excellence rather than multiple siloed departments working on the same thing and duplicating effort makes a lot of business sense.
When you first start a business, all of your time and money is invested into your new brand or company. This means long hours, a lot of hard work and consistency to get the business off the ground running. But one mistake that some business owners do is forget to invest in themselves.
It is crucial that companies take advantage of the profits they make and reinvest an amount of this back into the business. This can allow the brand and company to progressively grow each year.
SMEs in the UK have received £21.3 billion under the government’s Bounce Back loans scheme, despite fears that a large proportion of these loans may ‘go bad’.
Now more than ever, the private data of companies and individuals is under attack. Is anybody fit to guard our information and, by extension, our financial transactions?
Negative prices for oil caused a sensation at the end of April. The price of a barrel of West Texas Intermediate crude fell to minus $40. But the phenomenon of negative prices is by no means new and we can expect to see it more often in 2020 and beyond.
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