After enjoying an unprecedented boom, the global economy is on a downturn. The crisis in the housing and credit markets has expanded to other segments of the financial markets in United States and the consequent ripple effect is now being felt across the globe. Decelerating growth, shrinking consumption and declining volumes of lending by the banks have been further exacerbated by the high prices of commodities. The credit crunch, as one of its offshoots, is squeezing entrepreneurial businesses and medium-term prospects appear to be mediocre, fraught with considerable downside risks.No doubt your plans to manage your business in these times are very much in progress. The ensuing months should be about instilling the right discipline in your business. And by doing the right things quickly and decisively, you may well turn the existing situation to your advantage. Please find attached documents that contain a "10-point check" and our subsequent issue as a reminder on some of the areas that may need to be considered as you seek to improve your readiness and gear up to face the current situation.
Trust you will find the information in the documents useful.
You may write to me for a copy.
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