It is all too easy to get buried under the weight of bad news and the pressures besetting businesses when your business is not going well.
Most recently Begbies Traynor predicted that insolvencies were rising, reporting that there had been a 51% increase in Country Court Judgements in the third quarter of the year compared with the previous quarter.
But this is only the negative part of the story.
Now is also a time of opportunity!
There is another way to look at things, especially in the light of the discussions taking place at the Cop26 on climate change in Glasgow.
If your business is in difficulty and you are at a loss as to how to recover perhaps it is time to ask questions.
Is your product or service going to contribute to the need to reduce carbon emissions and help stop climate change or is it an example of a technology that is outdated?
Perhaps instead of trying to restore your business to the status quo ante it is worth thinking about how you could develop it to become more environmentally friendly or to contribute to new, more environmentally ways of doing things?
Remember, the autumn budget promised more help for businesses with R & D in the form of increased government spending and of increased tax credits to businesses to carry out R & D for innovative new products and services.
As you know K2 Business Partners is interested in investing in businesses as part of its efforts to help them restructure.
For some time, we have been involved in a business that has developed a system of Insulated Concrete Formwork systems for external walls and foundations to enable customers to build more eco-friendly, low energy homes. Not only is the process more eco-friendly, it is also faster and at a lower cost.
So we have some experience in helping businesses turn around and rebuild for a more sustainable future for themselves and the planet.
Is there a way you could pivot your business to do the same?
Why not message us, email or call to discuss and clarify your ideas? What have you got to lose?