Small businesses in the UK are currently having to navigating a complex economic landscape shaped by recent policy changes and ongoing challenges. The government’s fiscal policies, particularly the increase in employers’ National Insurance Contributions (NICs) from 13.8% to 15%, have raised concerns among business owners about higher operational costs and potential impacts on hiring decisions.
Additionally, the lingering effects of Brexit continue to influence trade dynamics. Small businesses, especially those engaged in exporting to the EU, face hurdles such as new trade barriers and increased administrative burdens, leading some to cease exporting altogether.
In this challenging environment, engaging with business consultants can be the best move an owner-manager can make to increase profitability of their businesses. Consultants offer expertise in financial analysis, helping businesses identify cost-saving opportunities and optimise revenue streams. They can also assist in streamlining operations, improving efficiency, and developing effective pricing strategies tailored to current market conditions.
There are many different types of consultants, and they will all come with their own niche selling point or experience – either industry or business area specific. External consultants can also provide valuable insights into navigating regulatory or legal changes and mitigating risks associated with economic uncertainties, including business succession. By leveraging their expertise, small businesses can adapt more effectively to the evolving economic landscape, ensuring resilience and sustained profitability.
One Consultancy Solutions works on the basis of having a pool of specialist consultants available to meet the bespoke needs of our clients. We built the solution to your problem through listening and creating a specific formula just for you.
Contact the team today to learn more.
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