Posted on 31.10.2013, by Rob Warlow
The latest Ernest Young ITEM Club review of the UK economy has given a heads up to businesses to start planning for growth.
The review says that consumer confidence has regained strength, which has been helped by falling unemployment, an easing in inflation and a recovery in the housing market.
Posted on 31.10.2013, by Rob Warlow
The conclusion is that this renewed confidence will result in a gradual improvement in consumer spending with growth accelerating from 1.2% in 2012 to 1.6% this year, before rising further to 1.9% in 2014 and 2.2% 2015.
All of this is good news for businesses which have been battered over the last few years. However the report goes on to say that the improved trading environment is not yet feeding through into renewed capital investment; firms are still behind held back by a focus on preserving cash.
Is this you? Are you too concerned about preparing for growth? Are you too conservative?
Planning any future investment and the cost it can entail involves a careful assessment of the up front cost and the expected returns. Get this right and the case for making the leap into re-investing back into your business should be clear.
As the country finds its feet again you need to be thinking today about your growth plans and what resources you will need. Growth does not come free and with no investment from you. Growth has to be resourced and financed in terms of additional working capital (for stock and a debtor list to fund), equipment, and staffing etc. All of these are required to take advantage of the upturn.
So ask yourself this question…
“What would I need in order to fund a 30% increase in sales?”
Start researching and planning now before your competitors beat you to it!
Rob kindly agreed to attend the recent Pontypridd RFC sponsors networking evening and delivered what can only be described as an excellent talk on 5 Tactics to Boost Your Business and Your Profits. He kept the audience engaged throughout and the feedback from everyone was excellent. Rob is very knowledgeable on business and finance and on top of that is a genuine nice guy. We hope to have him back at a future event and I have no hesitation in recommending Rob’s services.
I wanted to thank you for such an insightful, energetic, and entertaining talk at the Kevin Green Wealth event on securing funding and creating a successful plan. It was brilliantly executed and a pleasure to listen to and the ideas I’ve learned are definitely going to help me in going forward.
Hi Rob, it was so interesting and entertaining listening to you at the Kevin Green Wealth Coach Workshop in Reading this weekend! I didnt realise you can find Finance proposals such fun!. Brilliant tips! Thanks.
Rob delivered a series of 3 workshops aimed at understanding how finance houses look at finance propositions with the aim for us as a team to deliver more of a bespoke offering to our customer base. The training was delivered to a mixture of staff who work with new businesses start-ups and existing established businesses across Mid & South West Wales. Rob delivered the training with an abundance of passion and has really helped my team look at financial propositions in a different light, many thanks again Rob and I look forward to work with you in the near future.
Further to your recent presentation at LEAD Wales just wanted to say it was very refreshing to see somebody talk passionately and positively about finance, very insightful!