Guidance on Surviving the Credit Crunch
24 June 2008
The potential effect of the credit crunch is a growing concern for many Hampshire and Isle of Wight businesses. As a result, Business Link, the information, advice and support service for businesses, has rounded up Business Link’s best online resources for helping businesses beat the credit crunch at www.businesslink.gov.uk/creditcrunch to make support and advice quick and easy to access.
The “Beat the Credit Crunch” section focuses on two main areas – managing finance and increasing efficiency. It features advice on managing cash flow and bad debt and improving your business’ environmental efficiency. It also offers an extensive range of resources to help businesses plan, prepare and protect themselves against a financial downturn.
Businesses can also access the Business Health Check tool within this section. This interactive tool helps businesses to analyse key areas of their finance and administration, in order to improve their performance.
Business Link’s Deborah Wyatt says, ‘The potential impact of the credit crunch is a worry for some, so we wanted to make it easier for our customers to access and digest this content quickly and efficiently. Our vision is to provide them with easy, efficient steps to help them protect themselves.’
As well as the online resources, businesses can get further information and guidance by contacting Business Link on 0845 600 9 006. Advisers are available to help review the performance of businesses and identify any weak spots that require work in order to achieve goals and manage cash flow. They can also make you aware of specialist business support services available to meet your particular needs.
For further information:
Web: www.businesslink.gov.uk/creditcrunch
