The current
economic data point to the fact that the third quarter of 2013 will produce
difficult challenges for all.
As domestic
budgets are ever more squeezed this will impact on businesses across the board.
This is an appropriate time to conduct a top to tail analysis of your
business.
Undoubtedly there are areas which would benefit from some radical
adjustments/ change of direction. The consequence is not acting now could have
very negative effects in the next few months.
Now is the opportunity to tackle difficult issues rather than adopting an
ostrich "head in the sand" attitude.
When trying to explain the outcome of a disastrous strategy to your
Shareholders or Bankers it will be of little comfort to trot out the tired old
defence “it seemed like a good idea at the time”.
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