Hope is returning with almost daily reports pointing to the
start
of a recovery during 2010.
The accountants’ own professional body, the Institute of
Chartered Accountants in England and Wales, has said that
confidence among business professionals has moved into positive
territory for the first time in two years and its own UK Business
Confidence Monitor shows a record rise in confidence from -28.2 to
+4.8, the highest since Q3, 2007.
Expected rises over the next 12 months in 13 out of 14 financial
performance indicators detailed within the Business Confidence
Monitor are good news and provides a welcome contrast to the
widespread ‘doom and gloom’ earlier in 2009 when the majority of
indicators were expected to contract.
No-one expects the next three years to be anything but
challenging, especially if looking to refinance existing borrowing
or to raise new credit. While many FDs and businesses have taken
decisive action to mitigate the impact of the downturn and have
implemented tough survival tactics that are undoubtedly working,
caution remains about the strength and timing of the recovery.
As we move into yet another cycle best described as
pre-recovery, we need to take a fresh look at the best tactics to
weather the current economy and to thrive in the months ahead. This
whitepaper forms part of a series aimed at addressing the
constantly changing issues facing FDs and aims to pinpoint some of
the best tactics to steer your business’s performance back on track
so it is in the best possible position to grow when the economy
starts its recovery.
 Continue
reading the official FDs' top tips for thriving... and surviving
whitepaper
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