I have a sign above my desk, a Government Public Information Notice which says "Keep Calm and Carry On." It's arguably an apt comment for the strange world in which we all currently exist. There is plenty of reason to worry, with the threat of huge numbers of jobs being lost, particularly in those sectors which can't adapt easily to social distancing rules.
One of the biggest threats to any business is running out of cash. No-one knows how long the government will continue to support companies with 80% wage bailouts and no interest loans. Whatever is offered, companies of all sizes and in all sectors will need to protect their cash flow, particularly where sales revenues have fallen (which will be the majority of businesses).
Other than make redundancies - which carries with it the prospect of long term negative growth - one way to preserve cash is to rapidly cut running costs. However unless your business spend represents a significant sales growth for a new supplier, it will be difficult to make the kind of step change cost savings required to protect cash flow. That's where we can help.
Since 2002 Buying Support Agency has been supporting large corporate procurement teams and Directors of SMEs to reduce costs by up to 35% thanks to our BSA Buying Group's buying power and supply chain partnerships. NOW is the time to tap into this free resource for your own business. We offer a wide range of indirect costs - from energy to insurance, from parcel courier services to telecoms, waste recycling to merchant fees, workwear/cleaning supplies to packaging. Plus we can protect your staff via our partnership with myworkperks - we've negotiated free access which will reduce their household finances and protect their mental well-being.
You've spent years building your business success, so whilst we may not stop you worrying, we can at least free up more of your cash and more of your time to focus on re-building your sales revenues. Call 0800 254 0344 and our procurement team will rapidly get to work on your behalf.
(Founder & CEO, Buying Support Agency Ltd)
by Matt Roper | 4 May 2020