As we slowly emerge from a challenging period back towards some normalcy, many of our clients and colleagues reflect on lessons learned and practical next steps. Thanks to a very successful start of the vaccination rollout we are cautiously optimistic and look forward to seeing many aspects of social and economic life returning back to normal in line with the UK’s staged re-opening plan. And while videoconferencing and flexible working arrangements are likely to stay, it will be great to meet with people back at the office again!
During the pandemic many businesses were forced to focus purely on survival and often had to re-think their operational set-up, their cost structures and revenue streams. Many emerged stronger, leaner, more agile and with a fresh outlook. As business advisors and accountants we too had to evolve and adapt to help our clients through these challenges. But that’s what we strive for: to make a real difference when our customers need us the most and to succeed together.
In this issue of the One Magazine we are discussing how best to benefit from last months much anticipated budget, now that the dust has settled. The Chancellor’s investment-led recovery plan offered various benefits to owner-managed businesses and we caught up with our experts to chew some of the details. Apart from decoding the actual small print of the budget, we also discuss why now might be a good time for a commercial audit of your business and how to adapt plans for an orderly exit from a business.
In addition, we spoke to some of our own clients and their personal drivers and motivations during and post lockdown. We were impressed by the tenacity, creativity and resilience that allowed these business leaders to not just navigate but drive change in times of adversity. We also learned a few interesting things about ‘home bars’ and ‘playful parenting’ in the process. Both clients are now part of our #FriendsofHainesWatts affiliate network.
Another highlight of this edition is our socially distanced working lunch with international speaker and best-selling author Damian Hughes. Damian works with many leading athletes and is the brain behind the ‘High Performance’ podcast series. His insights into how our mindset affects our performance and how that applies to all aspects of life, including work and parenting are fascinating.
The rest of the magazine is packed with some helpful tips for some much needed relaxation and re-charging. And while you browse, please remember that we are always here for you - in person, on the phone or Zoom to listen, act as a sounding board and offer practical advice and support.
Michael Davidson Group managing partner