A recession guide featuring 10 crunch-busting tips has been created by the Heating and Ventilating Contractors' Association to help its members ride out the economic storm.
'Facing the recession challenge' is the first of many Better Business guides
to be published by the HVCA, which are designed to advise member companies on key topics.
The first guide's ten tips advise firms to:
Watch cash flow
Focus on credit control
Negotiate with suppliers
Involve workforce in recession-busting strategies
Maintain a close relationship with the bank
Carry on with marketing
Major on unique selling points
Keep customers happy
Make full use of benefits that HVCA membership brings.
The HVCA's guides also point to preferential rates members of its association can benefit from.
Future guides in the Better Business series will cover commercial and contractual issues, human resources, education and training.