The COVID-19 pandemic has had a huge impact on the economy. Businesses from across every sector have had to respond to an upheaval in trading, change their staffing and working arrangements, and deal with the sheer uncertainty of operating in the context of a global pandemic.
For many directors and business owners, this set of circumstances has pushed their businesses to the edge of viability – many have already, sadly, reached the end of the road.
For those businesses still operating but facing difficulties, there are two key steps to take to start the process of dealing with those difficulties: act early and seek advice.
R3 have produced a resource aimed at making it easier for directors to take those steps.