Upskilling staff in tech and digital skills can be the key to protecting your business.

Businesses are facing challenging times and scary predictions of what to expect over the coming months. We are seeing tech businesses, big and small, announcing layoffs and we’re all feeling the rising inflation, rising interest rates and volatile markets. Whilst it is understandable that many business owners are looking at how they can cut costs and protect their bottom line, there is a delicate balance to be struck in reducing expenditure without damaging your company. It is important to keep a long term perspective on the way you approach the months ahead. This may well prove to be an inflection point when an economic downturn could reshape which organisations survive and which ones fall behind, as a result of decisions taken on how to move forward.

By Sarah Gilchriest, President, Circus Street.