In a business environment that's currently highly volatile and changeable, it pays to scenario-plan for all eventualities. What is scenario planning? Scenario planning is the process of using your existing business data to project and forecast the future path of your finances, sales and growth as a small business. By running various scenarios, you get an overview of the potential opportunities, threats and financial pitfalls that lie ahead, giving you time to plan for these eventualities.

“Many small businesses are now operating under pressures comparable to those experienced during the Covid pandemic, but this time without an emergency support framework in place.” “SMEs are facing late payments, rising energy costs, increasing crime, a complex tax system and barriers to growth that are compounding rather than easing.” Rt Hon Liam Byrne MP, Chair of the Business and Trade Committee.