Business is paying a high price for failure to tackle new landlordism

A SIGNIFICANT shift is occurring in business management.

After more than two years of the deepening recession, boards and CEOs have gone beyond fixing their profit and loss account and are now addressing their balance sheet. Cost-cutting of payroll and other expenses has been exhausted.

The opportunity to increase gross profit or trading margins does not exist. The decline in turnover is continuing unabated throughout 2010. Trying to fix on a budget is akin to catching a falling knife. The culmination of these factors has meant that trading out of trouble isn’t sustainable.