For small business owners, rising costs can be a real challenge. It’s easy to get overwhelmed trying to keep a business afloat in an uncertain economy of high inflation and potential recession.
The new Guide to Building Business Resilience from the British Business Bank contains impartial, practical, and actionable information and support to help smaller businesses manage their costs, boost their long-term profitability, and increase their resilience.
There’s guidance on everything from energy efficiency to controlling staff overheads to help smaller business owners build a foundation for both resilience and innovation to help protect their business.
Other areas covered in the guide include:
foundations for growth
managing business costs
securing funds and controlling debt
focusing on customers
optimising your supply chain
investing in technology.
More about British Business Bank
British Business Bank is the UK’s economic development bank. Their aim is to improve access to finance for smaller businesses where markets don’t work well. Alongside signposting the finance options available, they provide relevant business information on more than just finance, ranging from managing your business, to dealing with debt and preparing for growth. Find out more.