Are you struggling with this sluggish economy? Do you expect to really grow in 2025?
Figures published just yesterday highlight the number of employees on payroll tumbled by 109,000 in May…the biggest decline since 2020.
Are you worried about a recession this autumn?
What I’m seeing right now
Good businesses struggling with slowing sales.
Cashflow tightening.
Costs going up.
Getting harder to pass on price increases
Uncertainty killing business planning.
Does this sound familiar?
Clients are telling me:
• There’s no time for planning – it’s seen as a luxury.
• Life is getting more stressful – there’s too much firefighting.
• Not getting the right information to make informed decisions
• Financial information is either incomplete – or comes in too late.
• Day to day frustrations get in the way – the roadblocks / too much admin.
• Working too hard to stand still and it’s effecting their work/life balance!
What are the options?
• Stand still – just ride the storm.
• Take more of the same.
• Just hope things pick up later in the year.
• But In reality, are you playing the chance card?
THE ALTERNATIVE
Start building resilience – embracing ‘Thrive not Survive’.
Ask yourself - Do you have a growth mindset?
Smart – future focussed companies recognise - real growth is not an option.
The choice – a Thrive or Survive mentality.
The choice is either Reactive or Proactive thinking.
This means getting the right strategic advice when you need it – Not paying accountants just to ‘keep score’.
OLD School vs NEW School Thinking
The Old School Accountant – Giving you a history lesson once a year.
• One set of annual figures.
• No budgets or cash forecasts.
• Tax liabilities calculated late in the day with no time to plan.
• Questions get raised at one annual meeting – not when they need to be asked.
• Bills are ad hoc and often unexpected – the same goes for tax!
The New School Alternative – future focussed advice
• Help build a robust / resilient business plan.
• Real time accounting – with a monthly reporting pack comparing actual to plan.
• Clear performance targets with easy-to-understand KPIs.
• Smart colour reports with charts rather than endless rows of numbers.
• A monthly ‘On Track‘ call and quarterly Board Style meetings.
• Tax planning well before year end - linked to personal wealth goals.
The Result
Less stress, unlocked bottlenecks and a business plan with clear targets and helps you steer through the storm - whatever Trump or Starmer throws at you…
If this is what you really need in 2025 just follow the link below and download Our guide to your Virtual Finance Director