Resilience is the ability to respond to changes

by Alix King, Marketing Executive at financeSHOWCASE, August 23, 2024

The last five years have been hard for all businesses. 

We’ve had a global pandemic. We had inflation rises, energy costs through the roof, war, an uncertain US government, huge changes in our government. And the continued fallout from the B word – Brexit…

No wonder the UK economy has been unstable for a while. 

We had promises for growth, and having fallen into a recession earlier in January, 2024 has been on very shaky ground for many businesses.

The uncertainty is hitting SMEs hard. Many business owners have been forced to shift their focus from their growth to just maintaining cash flow and keeping their heads above water.

There is a constant challenge around change and uncertainty – and it’s easy to see why. 

We are looking forward to hearing from one of our exhibitors, Gareth Anderson (Head of Business Management at Allica Bank) at our next marketingSHOWCASE event on 17 September, at the Tottenham Hotspur Stadium. Gareth will be holding a seminar titled ‘Building Business Resilience and Navigating Uncertainty’.

Gareth will draw on his 17 years of experience in financial services working closely with business owners, to uncover practical steps on how businesses can become more resilient to not only survive in the present but thrive into the future.

He speaks about how business owners already have the ability to ‘bounce back’; showing operational resilience and utilising scenario planning. How effective scenario planning sets the platform to be incredibly resilient. How operational resilience cannot predict the future, but can prepare you for future change.

This and much, much more – so many good points to keep in any Finance Director’s locker!

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