Wadds' tech pr blog
Friday, March 14, 2008
  Recessionary concerns call for strong professional and personal management
Will McInnes makes the point that it would be irresponsible to ignore the turmoil in the financial markets and its potential impact on business. He’s right of course.

The last recession taught me some harsh lessons about management and financial planning. Budgets are now set on a quarterly basis and are reviewed monthly in line with rigorous key performance indicators and action taken to make corrections within any calendar quarter.

Working within the framework of a corporate organisation has also brought strong discipline. Decisions that were once deemed acceptable as an owner-manager are now severely tested.

Will also makes the point that it is important to get your own financial house in order. You could do an awful lot worse than buy a copy of Martin Lewis’ Money Diet.

You can get a weekly dose of Martin’s mantra via his weekly newsletter: protect your income, plan to eliminate debt, save cash, and spend every penny you earn wisely by always seeking out the best deal.

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Stephen Waddington


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About me

I'm the managing director of Rainier PR, a tech PR firm based in London, UK, and part of Loewy. This blog is written in a personal capacity and does not necessarily reflect the views of Rainier PR.


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