Leading South West accountancy firm, Albert Goodman, along with Barclays and Porter Dodson, reveals how businesses can grow post recession at its Managing Business Growth in the Recovery seminar.
The seminar, which was held at Taunton’s Woodlands Castle on Tuesday, brought together nearly 80 local business people to hear from the region’s top professional advisors, discussing how to make the most of business recovery indicators in this post recession period.
Paul Hake, Partner at Albert Goodman, talked delegates through simple to implement hints and tips to manage cash flow and grow your business. He said, “We are in a very interesting economic period currently. Generally business is on the up and confidence is increasing, although in some sectors margins are still tight and there is a reluctance to spend – with many finding finance hard to access.
“However, the recession has created opportunities and there is plenty to take advantage of. The markets you operate in may have changed – competitors may have gone out of business, you could have diversified into new markets, or started exporting. Take time now to refine your business processes, be as lean and efficient as you can, maximise the opportunities brought by technology and implement low-cost marketing strategies.”
Paul’s presentation was followed by Nick Porter from Barclays discussing how businesses can take greater advantage from digital improvements, such as mobile pay technology, and Evelyn Adfield from Porter Dodson talked through recent consumer contract changes.