Cost-of-living action plan for business
How working with stakeholders can help manage the impact of economic challenges
Rising living costs present big challenges for households and businesses alike. There's no one way of dealing with these. But small businesses can be flexible in how they adapt to the challenges. They can still explore new opportunities and more efficient ways of working too.
Business in the Community (BITC) has a range of tools which could help. Their cost-of-living action plan sets out a series of actions focused on supporting employees, customers, communities, and suppliers.
Their Cost-of-Living Action Plan for Businesses sets out a series of actions, tested with their members, focused on supporting employees, customers, communities, and suppliers.
The plan sets out 12 actions to help you gain a better overview of how your business is performing. It also sets out the steps you can take to be a responsible business.
Was this useful?
Related content
24th May 2023
Measure and track your business’s responsible practices
We believe practicing responsible business behaviour should be intuitive. But it’s not always easy to know the steps to take to practice responsible business behaviour, especially in a smaller organisation who may not have the same capacity or resources as larger organisations.
15th May 2023
Tips for running a successful business in the current economic climate
How the nation’s high-streets are coping with – and overcoming – record energy prices, staff shortages and reduced customer spending.
3rd Mar 2023
What your business credit score means and how to improve it
When starting or running your own business, there's plenty to learn. Regardless of how qualified you are in a particular specialism, launching a business requires its own set of skills and knowledge.