2020 has been a year of financial uncertainty for businesses around the world, as many have faced an uphill battle to stay afloat. With the economic fallout from the pandemic and the new realities that the next stage of Brexit will bring, 2021 promises to be similar. In the first month of the year, for example, Mastercard has already announced that it will increase its fees for UK cardholders who buy EU products. As such, sustaining all financial operations and effectively managing corporate budgets will be crucial for those doing business internationally. To keep growth on the rise, companies must learn from the lessons of 2020. Investing in technology and the right financial tools, keeping abreast of the latest industry changes, and creating a clear continuity strategy will be key to success.
Here are four key tips that will help UK businesses thrive in 2021 by understanding why business leaders should implement these changes now:
1) Invest in your collaboration tools
While many companies are keen to cut expenses and protect their budgets after a financially turbulent year, investing in a technology stack suitable for long-term use should remain a priority. This is especially true in the area of employee collaboration, especially since the future of work appears to be a hybrid between office work and remote work. Focusing on tools designed to keep employees aligned will increase productivity and work speed, allowing teams to focus on strategic growth …
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