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Read the full WHK Economic Survival Kit
The Economic Survival Kit has been prepared to assist your business survive an economic downturn.
A downturn may be limited to your industry, or it may be a downturn being experienced by your local
economy or on a national or global level.
What can happen to your Business during an economic downturn?
An economic downturn can have many impacts on a business. These include:
• Less business activity
• Reduced margins
• Increased competition
• Tighter cashflow
• Reduced turnover
• Reduced profitability
• Increased risk profile
When an economic downturn occurs, you need to consider:
• What has changed in the market in which you operate?
• Can your business adapt to changing market conditions?
• What strategies can you implement to not only survive, but also grow into a more robust and competitive organisation?
About the Survival Kit
The survival kit includes 3 sections to assist you:
• Section 1: Know Your Business
• Section 2: Adopt Business Strategies to Manage your Business
• Section 3: Know Your Industry and Local Business Environment.
Read the full WHK Economic Survival Kit
This document outlines some key strategies and initiatives that, if implemented correctly, will have a substantial positive effect on your business’ profits and growth. If you are seeking advice and guidance through these difficult times, contact:
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