News
Make your New Year resolution a strategy for business success
The best New Year Resolution for any business? Organise your finances and prepare for a brighter future.
According to Danielle Shore, a director with the Sheffield office of insolvency and business turnaround specialists Leonard Curtis, the most important tasks for the new year are to review and plan your business goals.
And that means being fully aware of any potential pitfalls and responding accordingly.
“Business owners who have their VAT quarter ending in November and December know that there will be a bill to pay in January or February and they need to be prepared for that,” she explained.
“That means they should be planning their cash flow very carefully to make sure they can deal with their tax liabilities, not putting the thought out of their mind and hoping it will disappear.
“It is far better to discuss ways of ring fencing any HMRC debt to ensure it doesn’t have a negative impact moving forward and then you can channel your energies into the positives of planning for growth.
At the same time, Danielle added, there is also plenty of support available to help ease the way into a more successful trading period.
“There are a full range of options that we can utilise, particularly as part of a multi-disciplinary business, to help people manage business and financial problems they may be facing.” She explained.
“As a company, we pride ourselves on helping businesses to survive and to turn around,” she said.
Exploring opportunities for growth is also as important if you are looking ahead to the next stage in your business lifecycle - that might mean looking at new potential for investment in your business - you might be surprised at the level of support that is available.
“This is a time to be proactive, to get out there and work with advisers invested in you and your business.”
“With any business plans you are looking to put in place, the key message from us is early planning – whether that’s looking at distress indicators or growth plans”.
Feedback Form
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.
News and insights
Get in touch
with Leonard Curtis
Forward
with purpose
Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.