Current business 'a case of controlling costs'

News Article - 08 April 2009
Category: Business

One priority currently being seen in the world of business is an effort to control costs, one sector commentator has stated.

Marc Barber, editor of smallbusiness.co.uk, said that a recent rise in business confidence may have been caused by some organisations' belief that they were over the worst of the economic downturn.

This would cause firms to feel "a little" more confident about the way their business was positioned, he added.

However, Mr Barber advised that companies should continue to control costs and not be too aggressive as 2009 would still be a difficult year.

"Just literally take things steady and strong and then see how you are at the end of the year. It's a case of holding tight really," he noted.

Mr Barber concluded by recommending that firms control costs and see where their finances stand at the beginning of 2010.

According to the latest Business Trends report by accountants and business advisers BDO Stoy Hayward LLP, short-term business confidence over the next quarter has registered a second consecutive increase from 88.3 in February to 88.6 in March.

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