Organisations must keep costs under tight control without damaging their ability to benefit from the eventual upturn, explains Rod Newing.

As the economy continues to struggle with low growth, finance managers must continue to keep tight control on costs. However, as long as we avoid a ‘double dip’ recession, as time passes we must inevitably get closer to the eventual upturn in the economic cycle. Many economists are forecasting growth to return from next year, but the current sluggish market means that further cost cutting and cost control are still required.

Read part one Rod’s excellent article which has tips that all business owners will find useful.

www.accountingweb.co.uk/topic/business/surviving-growth/515682