• Immediate Working Capital
  • Growth, Aquisitions, MBOs
  • No Need for Re-negotiation
  • Instant Cash Flow
  • Saves Management Time
  • Improved Collections Performance
  • Recession-Proof Thinking
  • Practical How To Guides
  • Business Knowledge Bank
  • Fast Track Response
  • Competitive Rates
  • Personal Service
Business downturn survival guide launched
Date Added: Wed February 4 2009

The ICAEW has published a downloadable guide to help directors and their advisers manage through the recession.

The issues and questions raised in this guide provide businesses with practical help and topics to discuss with their advisers. The eight strategies highlighted in the guide are:

Manage risk and uncertainty
Think cash
Secure your funding
Review your structure and cost base
Seek advice and support early
Manage your year end
Recognise the value of your employees
Plan ahead

ICAEW chief executive Michael Izza said: "Few businesses think the recession will be short lived and are looking to take steps to ensure they get through the current economic slowdown. The vast majority of businesses will emerge from the downturn. However, it is important to seek advice and support from business professionals early, before difficulties become insurmountable."