In February, the number of companies that went into insolvency in the UK was 17% higher than the same period last year. This is higher than levels seen while the Government support measures were in place in response to the coronavirus (COVID-19) pandemic and also higher than pre-pandemic numbers.
So how can businesses withstand the heat?
First of all, it’s important to understand where the heat is coming from and knowing what dials to turn to cool things down.
The main issues faced by businesses today include:
- Increasing operating costs
- Poor cashflow management
- Failure to adapt to market change
- Technological advances
- Poor leadership and management
A solution that stands the test of time….and temperature!
A great way of establishing greater control of the burning issues in your business is to adopt a project management office (PMO) approach. It’s the ultimate way to run your business and achieve operational excellence. A PMO is like having a supercharged business support system that drives your business toward greater success.
By implementing a PMO, you’re not just optimising your operations—you’re setting your business up to pro-actively manage the burning bushes way before they set alight. It’s an investment in a smoother, more profitable, and more enjoyable business journey….without the heat.
Use this free tool to determine your position on operational excellence here: https://enablists-opsexcellence.scoreapp.com
To find out how Enablists can help you adopt a PMO approach to running your business, contact us here for your free no obligation 30-minute consultation.
