There’s a lot going on around the world right now. Inflation is on the rise. Layoffs are prevalent. Businesses are wrestling with increased costs. There’s a cost of living crisis. The global economic outlook is plagued by uncertainty, volatility and glimpses of recession.

We don’t mean to sound all doom and gloom, but it is what it is at the moment. All these factors suggest a challenging time for businesses ahead.

As accountants and bookkeepers, how does the current economic climate affect you? And what can you do about it? It all culminates to one key thing — future-proofing. 

Ensuring business continuity and success is everything, especially in worrying times like the present. It’s important to have a balanced and pragmatic approach to tide your business through these tough times. And that involves evaluating how you can make the most out of the current situation.

To make your practice more valuable to clients during these times, consider transitioning from compliance to advisory services. Learn more in our guide here.

In these uncertain times, how can you best support your clients? Can you help them improve their cash flow? Manage available capital? Streamline processes and maximise efficiencies?

When you advise them effectively and help them navigate financial complexities, it frees up their time and energy to focus on revenue generation. It’s a win-win situation for both you and your clients — future-proofing your business means ensuring your clients succeed too.

Incorporating empathetic leadership is crucial during an economic downturn. Discover practical strategies in our guide here.

We want to empower you with practical tips and tricks on how you can make your business thrive and grow in the midst of economic uncertainty.

In this guide, we cover;

• How can accountants support clients during an economic downturn?
• How can you future-proof your business?
• Supporting your clients and offering value-added services
• How Employment Hero can help you future-proof your business

Find out how you can future-proof your business, help your clients with forecasting and future-proofing their own business, as well as understand the value and importance of supporting clients during these turbulent times.

For tips on improving client satisfaction and retention, explore our comprehensive guide here.

Download the guide now.

More helpful resources:

• A guide to digitally upskilling teams
• The complete guide to HR metrics