We are now in the “silly season” – the holidays are in full swing and a general sense of drift will be the norm for the next month or so.
However, the signs are that the last quarter of 2011 will be a difficult time for business as Consumers further reign in their spending. I would suggest that now is the time to tackle potential problem areas with some effective housekeeping.
How much inventory are you carrying? Rather than face a “fire sale” it may well be prudent to lighten up now with some innovative marketing.
How is your cash position? With the ominous backdrop surrounding both the Euro and the US Debt situation don’t expect the Banks to readily provide additional finance- it is an absolute priority to keep your Debtors under control.
Undoubtedly, the casualty rate will climb as we head towards the end of 2011 – make sure your Company doesn’t become part of these statistics
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