How Do Businesses Survive A 23% Rise In Costs?

With tight margins that many businesses experience; often with bottom line profits in single figures, it is amazing that over the last 5 years more businesses have not gone under with costs rising by 23%.

A study by ‘savings advisor’ Make It Cheaper and the Centre for Economic and Business Research found that small business overheads have risen by a staggering 22.8% in the past five years, with as many as 55% of SME bosses now warning that their company won’t survive much longer if things keep going at the current rate.

Cashflow, or lack of it, is the main killer of businesses.

If you are a struggling business, then a review of your finances may be in order.

Read more: http://www.managementtoday.co.uk/news/1081971/smes-rising-costs-shocker/

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