MPact » The Outlook
Navigating change as a business leader
By Tanya Knight, CPA, CA
Executive Vice President, Clients and Services
In a turbulent economy, it’s hard to avoid all the conversations about what could happen in the Canadian business landscape over the next year. As leaders, we have to sort fact from fiction and determine what change is really going to impact our business – and assess how prepared we are for whatever comes our way.
According to the Bank of Canada’s Business Outlook Survey, business owners are seeing a drop in consumer demand. Interest rates are high and costs keep going up. This issue of MPact highlights different strategies and provides more information for how you can navigate change and take on the biggest challenges.
But with so many changes and pressures on your business, prioritizing the right issues is key to long-term success.
How do you know what to focus on? MNP’s Business Resilience Assessment tool can help you find out. After completing the assessment, you’ll see where your business is strong and what areas you need to focus on. The results create a roadmap for your organization to follow, allowing you to prioritize your time on the most critical areas.
And if you’re looking for help with navigating change, reach out to your MNP business advisor. From cash flow strategies and tax planning to information about selling your business, we can build the right team to support your business journey and overcome any challenge.
NEXT: How to optimize your tax planning during an economic downturn