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Business confidence key to North West recovery

A confiança dos negócios é a chave para ajudar a recuperação do noroeste após a pandemia Covid-19, de acordo com um relatório divulgado hoje pela Forbes Solicitors.

A confiança dos negócios é a chave para ajudar a recuperação do noroeste após a pandemia CoviD-19, de acordo com um relatório divulgado hoje por advogados da Forbes. financiamento externo e alcançar o crescimento através da aquisição. Receita e proteção de empregos reinventando seus negócios, serviço, produto ou setor durante o surto CoVID-19. Que todas as facetas da comunidade empresarial do noroeste foram profundamente afetadas pelo Covid-19 e pelo bloqueio nacional subsequente. negócios por meio de aquisição ou expansão. ”

Nearly three-quarters (73%) of respondents – polled as part of the law firm’s inaugural Reinvention and Resilience Top 50 report – believe that without business confidence companies will shy away from expanding into new markets, seeking external funding, and achieving growth through acquisition.

However, an overwhelming 98% of business owners are confident that they will recover and grow, with 69% of companies stating that the region will come back better and stronger than before.

Forbes Solicitors’ Reinvention and Resilience report features 50 small-to-medium-sized North West businesses across a range of sectors that have demonstrated new ways of generating revenue and protecting jobs by re-inventing their business, service, product or sector during the COVID-19 outbreak.

The aim of the report is to identify key trends that have seen companies ‘pivot’ to improve resilience and what this means for businesses looking to thrive in an economy affected by the Coronavirus.

Oliver Burton, Chief Executive Officer at Forbes Solicitors, commented: “It’s clear that every facet of the North West business community has been profoundly affected by COVID-19 and the subsequent national lockdown.

“However, what has emerged from our Top 50 research is the raft of companies that have used this as an opportunity to rethink their approach and strategy – whether it’s by responding to overnight demand quickly and effectively, coming up with new ways of working to deliver services in an innovative way, or by lowering their risk levels to continue investing in their business through either acquisition or expansion.”

As empresas apresentadas no relatório incluem fabricantes que interromperam as linhas de produção tradicionais para responder ao desafio de saúde pública, com 27% dos entrevistados citando isso como o principal motorista de negócios nos últimos seis meses; Empresas de varejo e hospitalidade que inovaram para sobreviver à pandemia; E empresas de serviços de negócios que adaptaram as operações e ofertas de serviços para crescer durante o bloqueio. A resiliência diante do Covid-19 deve ser comemorada.

Of those businesses, more than half (53%) said they intended to launch new products and services to take their business through the next stage of growth, with 27% of respondents focusing on hiring more or attracting highly skilled people.

Burton added: “The next six months remain unclear for businesses, but the many companies across the region that are showing huge resilience in the face of COVID-19, should be celebrated. With confidence in their own business and the region’s economy, we can all be reassured that our entrepreneurial region will work together to weather this storm.”

To view the report, visit https: //www.forbessolicitors.co.uk/stay-informed/reinvention-silience-top50.htm

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