The Business MOT

Businesses are being encouraged to start the New Year with a ‘business MOT’ to ensure they are in a fit state to ride out the recession. The Department for Business, Enterprise and Regulatory Reform (BERR) is promoting ‘business health checks’ and providing free, personalised support and confidential advice for small companies.

Over 10,000 companies in England have undergone business health check since the service was launched in October. Ganesh Selveraiah, an adviser with Business Link said: “Smart businesses review their performance regularly to look for early signs of any issues that will affect their profitability. The health checks are a really effective way of doing this.”

Each check, which is provided by the government’s Business Link service, ensures that firms are maximising their cash flow, marketing and business planning. Qualified advisers help firms draft up action plans to help them cope with the effects of the economic downturn.

Selveraiah continued: “Clients find they give them an excellent overview of the strengths they need to build on as well as identifying potential problems.”To ensure each tailored action plan is effective, Business Link also offers a follow-up monitoring service to companies.

For more information, go to: http://www.businesslink.gov.uk/businesshelp.

(Source: here)