Starting with the US Thanksgiving holiday this week we are entering the holiday season and as businesses start gearing down a general sense of drift will be the norm.
The signs are that the first quarter of 2012 will be a difficult time for business as Consumers further reign in their spending.
Without doubt now is the time to tackle potential problem areas with some effective reviews.
How much inventory are you carrying? - rather than face a “fire sale” early in the New Year it may well be opportune to lighten up now with some innovative marketing strategies.
How is your cash position?- with the ominous backdrop surrounding financial institutions and Governments alike, don’t expect the Banks to readily provide additional finance- it is an absolute priority to maintain positive cash-flow and this can only be achieved by keeping Debtors under control.
Undoubtedly, the casualty rate will climb as we move into the early months of 2012 – make sure that your Company doesn’t become part of these statistics
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