What caused your biggest business headache of 2008?

It’s the time to start thinking of New Year resolutions and the pledges you make now on how you will run your business could not be more important.
Many analysts and experts agree that 2009 is likely to be even more challenging than the past 12 months as governments all over the world grapple with the slowdown.
Whatever steps are taken, there is a growing consensus that times are going to stay challenging.
One good way of facing the future is for you to take stock of what has happened over a difficult year in which businesses found themselves facing new pressures and challenges.
SMEs showed their resilience and flexibility by adapting as global economic forces came down to bear heavily on their day-to-day operations. There are valuable lessons to be learned from your experiences so as well as looking forward, you need to look back and assess where you coped well and perhaps where you didn’t.
Just what were the issues and events which gave you the greatest problems in 2008? You may feel that having to re-price products and services after the recent 2.5 per cent cut in VAT in a week was the most difficult. Did you struggle with your bank’s attitude to credit or interest rates? Or perhaps the main battle was the ongoing challenge of maintaining staff morale during a period of uncertainty?
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