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22 February 2008
Independent retailers urged to "assess everything"
Independent retailers and other small firms have been urged to "assess everything" in an attempt to keep a handle on finances over the coming months.
According to the Federation of Small Businesses, 2008 may be a tough year for a number of retailers so keeping a close eye on expenditure could be crucial.
And with retailers maintaining a rein on spending, wholesalers will also be expected to do the same, with stock movement likely to dip slightly.
Simon Briault, a spokesperson for the organisation, confirmed that limiting expense could mean the difference between success and failure for some independent retailers.
"Our advice is that you assess everything - everyone should do that to make sure that they are making the savings where they can," he said.
"The important thing is to take some time and see where your business is at the moment and what is likely to happen. Try and forecast as much as possible," he added.
(c) 2008 Adfero Ltd.
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