Businesses have faced a perfect storm of troubles during the Covid pandemic, leaving many of them perilously close to insolvency.
Now as the various support schemes come to an end they are also facing having to start paying back Covid loans and deferred VAT at the same time as trying to get their business activity back to full production in the face of supply chain shortages and potential recruitment difficulties.
It’s a tough and painful situation but it can be compounded if the leader(s) of the business try to struggle on, or live on hope, rather than acknowledging that it’s time to call in help.
Leadership is often assumed to be about knowing what to do in all circumstances.
But it is unrealistic to assume that any one person has all the answers, especially when faced with a situation unlike anything that has gone before. Whether it is from pride or fear, the outcome from soldiering on is not likely to be good.
Effective leadership is about knowing your limits and when to call in help from the experts.
So don’t despair. We have a number of free tools for download that can help businesses to get a grip on their situation.
They include our Cash Management tool: https://www.linkedin.com/smart-links/AQF0zn8hTCKbSw
And our Guide to dealing with CCJs: https://www.linkedin.com/smart-links/AQECtjYmuU4aNA?lipi=urn%3Ali%3Apage%3Ad_flagship3_company_admin%3BT8pIrBPJRZacMnpp5QR9cA%3D%3D
And we are here to take your calls if you’d like to talk to a real human being with experience of rescuing and turning around businesses.