Becoming a “Balloon Business”
With a no deal Brexit looming over our heads, the country, and many of the SMEs within it seem to be stuck on pause thanks to high levels of uncertainty. We at Ultimate Finance understand that finding a way to survive and thrive will be priority number one for SMEs.
What is a “Balloon Business”? A trend first identified last year refers to flexible companies with the ability to scale-up or down to align to business needs and customer demand. These types of small businesses can adapt quickly to changes outside of their control. From reacting to fluctuating competitor price points, to managing growing market demand, a Balloon Business will know some operational steps that they can take to keep their business model succeeding.
Adopting this ballooning strategy may allow smaller businesses to play to their strengths, take advantage of opportunities much faster than their larger counterparts, and ensure their businesses are at the forefront of any relevant trends when as they arise.
“The more financial sources you have, the more difficult it will be for any sudden economic down turn to shatter your business.”