Yes, then READ ON!
‘Cost of living under pressure from Inflation’.
It’s described as a ‘perfect storm’ of interconnected factors and events, that combined, are financially hurting us, be it at the supermarket, petrol pump, or utilities costs.
We can’t escape it but can we do anything to tackle the rising costs of living and turbulence of these inflationary times!
Yes we can, and it starts with some simple steps.
Begin by reading our following tips,

7 Ways to Tackle the Rising Cost of Living
1. Find ways to cut your energy usage, in the home, office or factory. Undertake an audit of all appliances and equipment to find savings. Know how to get the best output from your machinery and appliances. Check the Makers instructions.

2. Prepare a Budget for your Business and Household. Create and/or, review the existing one to see if and where there can be any trimmings and savings. Monitor closely.

3. Shop wisely only buying essentials, for both Households and Businesses. Watch for specials and bonuses and negotiate best deals and packages. You don’t know if you don’t ask. Importantly, Stick to your budget.

4. Check all your current loans and mortgages. Talk to your lender if needed. And be smart, shop around to find if you can get a better deal.

5. See if you, your Business is eligible for any Government subsidies, vouchers or benefits. Don’t be nervous when it comes to asking, and if you qualify accept it.

6. Overstocked, old stock or home clutter, sell ‘stuff’ you aren’t using or moving off the floor. There could be a ready buyer just around the corner waiting for your surplus items.

7. Build your resilience. Resilience is your ability to adapt and be flexible, and these strengths will help you better weather the storm. Feeling overwhelmed, seek professional help if your health and well-being are affected.

What more can I do?
Rising costs are putting us all under strain and if you are a Business owner now is a time when counting the ‘dollars and cents’ is critical. You need to be on top of what’s coming in and what’s going out. What is your bottom line!
To support that, it is crucial to have sound accounting systems in place to be in a position to manage and know the true state of your Business financial affairs at any given time. What are my costs, overheads, revenue streams!
What are my debts, what am I owed!!!


Who can I turn to?
If you are struggling, need professional accounting advice, this is where Blackburn Accounting can help you during these turbulent times. We can guide you thru the storm.
Whether it’s Bookkeeping, Cashflow Management, Business Development, or Taxation, we are available to help you get on top of things. The Blackburn Team is here to provide the answers you need to run a successful Business that’s running at peak performance.


Call us if you want to:
• Increase Business efficiency
• Stay in compliance with tax laws
• Boost your revenue and profits
• Have personalised service

 

What next!

 

Check out our website
 Tips for SMEs- How to Beat rising costs
 Schedule your Annual Business Planning Meeting
 Creating a Business Plan (what, why, how)
 6 Steps to Prepare a Basic Business Budget

 

And there’s more……