Are you ready for lift off with your business?
Welcome to a new year. We hope you have had time to refresh and relax over the Christmas break.
It seems there are tentative signs of activity among investors and businesses in both Europe and the UK as the new year begins.
In Europe, research has shown that there has been an increase in all types of investment over the last year. According to Darren Novak of JPMorgan, more funds were being formed and more institutional investors use tools of traditional activists to make changes at companies such as proposing strategic reviews and even board nominations.
Deloitte has reported that more finance chiefs were feeling optimistic about their firms’ economic prospects than they did three months ago and that the financial markets in 2023 had proved more resilient than expected.
In the UK, a poll by industry body Make UK and PwC of more than 200 manufacturers found that 52.7% believe Britain is more competitive compared to a year ago. This is up from just 31% in last year’s poll.
Hopefully all this means that economies have turned the corner at the start of 2024 after the last couple of bruising years.
But are you ready for it?
Did you reflect on plans for your business during the break? Have you any new ideas for products and services?
Do you know exactly what your cash situation is now? Whatever your plans, they will come to nothing if your cash management falls behind.
To help you keep track you might want to download our free cash management tool here: Download Free Cash Management Tool