25/10/2022
One-third of the world economy will likely contract this year or next amid shrinking real incomes and rising prices (IMF Oct 2022). Amidst a looming recession and rising costs, you might be wondering what you can do to prepare for and weather the storm.
Take a hard look at your spending and make some changes. This might be trying to source better utility bills or cutting back on operational expenses by outsourcing.
Analyse your company processes. This might mean documenting them initially, if you haven’t done so already. In doing so you can identify inefficiencies that are costing you money.
Examining your business can be time-consuming. But once you take the time to truly understand things that could be dragging you down that are in your control, you can begin to make informed decisions. A dedicated Buy Time EA can help you map processes, try and negotiate better rates with suppliers and utility providers and help analyse the business without adding to your headcount.
There are no joining fees or subscriptions and no minimum use requirements - simply buy time when, or, as you need it. We charge an hourly rate and in 5-minute slots. It is not as expensive as you think.
Please get in touch and see how we can help you at [email protected] or on 0203 371 7115.
Business owners can make company changes, such as cutting expenses and offering low-cost benefits, to mitigate rising costs and prepare for a potential recession.
