Building up resilience
Making your business as resilient as possible can be the key to its survival during challenging times.
Your business’ resilience is never tested more than during challenging economic circumstances.
Building a more resilient business, with more resilient processes, can be the difference between surviving and going under.
We’ve outlined some tips and steps to take to build your resilience and diversify your processes, services and offering.
Guide to building business resilience
Designed to help smaller businesses reduce their costs, the Guide to building business resilience can help you boost the profitability and resilience of your business.
Listen to our podcast on building business resilience
The past year has been particularly challenging for UK businesses, rising energy costs and interest rates, supply chain disruption, weaker consumer confidence and labour shortages have eaten into profits and caused uncertainty about the future.
So how can businesses build their resilience to stay on top of the ever-changing economic landscape? This podcast series of interviews with smaller business owners will explore just that.
Building Business Resilience Webinar
Learn more about:
- Practical steps to build strength and resilience for challenging times.
- The importance of researching the finance options for your business.
- Structuring your cost base to protect cash flow.
- Employing the right people at the right time.
- Managing supplier relationships.
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Protecting your cash flow: Working capital finance options
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How your business can tackle the cost of living
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Financial resilience
Learn about managing your working capital and how to do it in order to improve your business’ overall financial health.
There are many benefits to lowering your outgoings, not least relieving pressure on your cashflow. Learn 10 important ones.
Learn more about this budgeting method, which is when you justify and approve all expenses for each accounting period. Find out how it helps improve return on investment (ROI) across your business.
Lenders use your business credit score to assess whether you'll pay bills on time. Learn more about how your business credit score works.
Learn some valuable tips and advice for making good use of online sales channels and letting your business reap the financial rewards.
You should assess your supply chain to limit the risk of disruption and to give yourself the best possible cash position.
Business resilience
Your business can build up its resilience in many different ways, whether that’s via its business model, its processes or its offering. We look at how your business could become more resilient.
Understand your business’ health, identify possible issues and ways to solve them, and learn how to prevent potential problems from arising.
Learn more about the risks of getting advice from an unqualified accountant and what qualifications to be aware of when looking to hire someone.
Hiring and retaining staff has long been an issue for businesses. Learn how your business can recruit from a wider pool and retain its best staff.
Useful tips from successful businesspeople on how to stay motivated and driven, particularly during challenging times.
A crisis can be a golden opportunity to motivate individuals and bring a team together. Read advice from Dr Patrick Dixon, business consultant and influential business thinker, on how to use a crisis to galvanise a team and maintain focus on finding solutions.
Diversifying your business
Acquiring new clients means you’re less reliant on the ones you already have. But it isn't easy to do, especially in an uncertain economy.
Learn more about the need to seek new suppliers – particularly in light of Brexit – and read some top tips on ways to acquire new clients.
Additional support
This guide outlines five tips to help you plan for disruption and recovery, and deal with unforeseen circumstances outside of your business' control.
This 11-page document is designed to help businesses become more resilient in the face of challenges and disruptions caused by economic crises.
Tips and tools for you to increase the skills throughout your workforce, helping your business overcome changes and challenges.
An online platform that allows users to access tailored legal support for small businesses.
Coronavirus updates from the BVCA, including information around the financial support available as well as links to webinars and online events.
Regional support
Enter your postcode to find business support and case studies from businesses within your region. You'll be taken to our interactive map.
