6 most commonly overlooked cost savings in business
From paying more than necessary to cutting budgets on activities that bring home the bacon, here are some of the most commonly overlooked savings in business to look out for in 2021.
How to keep business costs down, while still achieving your strategic goals
Making cuts to costs that are too deep can impact employee and customer satisfaction. Don’t cut costs enough, it can embed inefficiencies into the business or threaten viability. So…
Let’s Talk: Cost cutting in business and what you can do to save
Running a business is a challenge at the best of times, but throw in a pandemic and the associated economic woes – and cost cutting has never been more important.
‘Don’t get sucked into all the hype’: the hidden mistake that businesses will make when managing cash flow in 2021
While 2020 packed a punch that not many people were expecting, impending vaccines and a rebounding economy offer a glimmer of optimism for business in 2021. However improved economic conditions also mean a reduction in government safety nets like JobKeeper and cash flow boost. Properly managing cash flow in 2021 will be a precarious and… Continue reading ‘Don’t get sucked into all the hype’: the hidden mistake that businesses will make when managing cash flow in 2021
Top SME opportunities and challenges for 2021
Unsurprisingly, the top four challenges and top three opportunities facing SMEs in the coming year are a result of COVID-19 related financial pressures, according to the latest ScotPac SME Growth Index research. When asked what they are most positive about for 2021, the most common response was getting “back in the black” (24%), and the… Continue reading Top SME opportunities and challenges for 2021