Your “war chest” is the financial reserve your business has built up so you can take advantage of an opportunity or cover unexpected costs or emergencies. Building a cash reserve when finances are tight, however, can be difficult. You need money to continue running your business but, if at all possible, you want to keep your reserve account healthy. Here are some ways to build—or preserve—a cash war chest during… Read more
Most small business owners face a time in their career when they have to communicate in ways or about topics they aren’t comfortable with. COVID-19 has put small business owners in the position of having many conversations that are uncomfortable and stressful. Whether you’re communicating with employees about business issues during the pandemic, hoping to negotiate a rent reduction or changes to credit terms, or asking customers for help in… Read more
Hello again for another week. We hope you are healthy and well. This week you probably heard news of the government’s plan to implement a 5 Step COVID-19 Alert System. Government plan for the coming months Step 1 encourages those who CAN work from home to do so. Only those who CANNOT work from home should return to their workplace. Step 2 will not start until at least early June,… Read more
By the time you read this, we may know more of the government’s plan to ease lockdown restrictions. Obviously, getting people back to work will help restart the economy which is good news for all of us. So in this week’s digest, as well as reminding you about government support for businesses, we’ve included a number of resources to help with navigating your business out of the dire situation we’ve… Read more
We hope you and your family are safe and well. The COVID-19 pandemic is impacting nearly every aspect of our lives and will be remembered as a pivotal time in history. Like any other event that impacts the world, we don’t know what the future will be like, but we do know that the other side of this will require resilience and creativity from all of us. In terms of… Read more
Whatever your political views, seeing the Prime Minister in intensive care for three days showed how serious COVID-19 can be. I hope you and your family are safe and well. In terms of government news and updates for business: The Coronavirus Job Retention Scheme online portal from the UK government is expected to be up and running by 20 April, with the first payments in place by 30 April. You’ll… Read more
Firstly, we sincerely hope you and your family are doing well. We know it is a stressful and confusing time with a lot of uncertainty. Please rest assured we are here to help. If you have any questions please just ask. As the COVID-19 pandemic deepens its hold across the country, governments and industry leaders are stepping up to help those impacted. To help you make sense of the barrage… Read more