What a week I have had last week! Busy to say the least.
On Monday, I had the pleasure of attending a Business Breakfast Budget Briefing hosted by our local MP, Paul Burstow. Our guest speaker on this occasion was the Liberal Democrat Shadow Chancellor, Dr Vincent Cable MP and I really enjoyed his insight into what this quasi recession mess that we are in means, why we are in it and how we can get out of it.
It was refreshing to hear that Vince truly understands what it is like ‘on the ground‘ and he proposed changes that would make a real difference. Some harsh decisions are necessary and in particular an holistic approach to cutting public spending is required.
A Questions and Answers session took place after his talk and an enthusiastic audience of local business owners posed many fascinating questions for Dr Cable – he dealt with these very effectively and his answers were clear and concise.
Whilst it is clear that some businesses have continued to trade effectively, the vast majority face new struggles on a regular basis ranging from cash flow pressures to retaining/obtaining banking facilities. We are all having to make decisions to ensure the survival of our businesses in these difficult times and with a deluge of information being thrown at us about how long this economic climate will last and how best to survive it, we sometimes struggle to see the light at the end of the tunnel.
I cannot provide any pearls of wisdom that will prove enlightening to all, other than to hunker down and just wait out the storm. Plan now for after the upturn so that you are in the perfect position to make strategic growth decisions and re-embrace the marketplace when the “sunnier” days come back.
1 comment:
It is good to see that the Lib Dems are concentrating on small businesses and it must be nice to have one's photo taken with the Shadow Chancellor and Sutton's MP and hopefully better things will happen for your business as you seem to be a very hard working man.Good Luck my friend.
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