Our White Paper - Getting through the Credit Crunch, How to “Recession Proof” Your Salon - has quickly become the most read article on our website. But you can never have too much good advice at times like these.
“The Federation of Small Businesses (FSB) has joined forces with ASC Finance for Business to help small businesses beat the credit crunch. Small businesses are being urged to follow five top tips to cope with the credit squeeze and protect their businesses as the economy slows.
The top tips are:
• Financial flexibility - deal with more than one bank;
• Focus on your unique selling points - work hard to get lucky;
• Plan ahead - failing to plan is planning to fail;
• Manage your costs - do something different; and
• Seek professional advice - don’t be afraid to ask for help”
You can download or read the report, as a PDF file, from ASC’s website. It’s not very detailed, only a one-page document, but it does give a good overview of the main areas to focus, from which you can research further if you want to.
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