Tackle the economic downturn
Many businesses could face a challenging time in the current economic downturn. We can help you through the challenges of the slowdown and ensure you’re able to respond when the markets pick up again by:
- reducing costs,
- improving processes,
- increasing efficiencies, and
- looking at opportunities to target new markets domestically and internationally.
Reduce costs
You can reduce costs, increase productivity and generate real savings with our range of business efficiency support, including the Scottish Manufacturing Advisory Service and Lean Management Programme. We can help you improve your sales and marketing activity and ensure managers are prepared to lead your company through any downturn in business.
Raise finance
If you are struggling to find finance from existing sources, our range of equity investment products can help boost working capital.
Develop new products and processes
You can still target new business opportunities if existing markets are slowing down. Our range of innovation support can help you develop new products and improve business processes to increase your competitiveness during a slowdown.
Find new markets
You can identify opportunities to target new emerging markets if existing export markets are slowing down. Scottish Development International (SDI) has a team of 90 sales professionals working across the globe selling Scotland and Scottish businesses overseas.
Business Gateway
During this difficult time, it is essential to follow good, basic business advice. The Business Gateway action plan offers general advice to help your business combat the effects of the downturn by:
- organising your finances;
- managing your efficiency; and
- addressing your tax options.
You can also find useful, relevant guides on the Business Gateway website covering: