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Planning for potential redundancy.
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CJRyder
Posts: 238 Forumite
Afternoon all,
I work for a Sole Trader and the business has been going over 30 years at this point. However, things are not looking too hopeful due to the vastly increased energy prices, the fact that at the start of the pandemic it was almost "We have no money, so bye!" before the furlough scheme kicked in. Whilst I am loyal and would rather not jump ship, I do have a sense of foreboding about this place. I do hope that we survive as it's a career that I have a passion for.
To put things into context there is the boss, me (full time) and two part time members of staff. I do the bulk of the in-house labour, we have a part time salesperson and driver. Boss does in-house admin and driving, and can cover my role when necessary.
I am looking for advice on the best ways to cushion the blow if this comes to fruition.
I work for a Sole Trader and the business has been going over 30 years at this point. However, things are not looking too hopeful due to the vastly increased energy prices, the fact that at the start of the pandemic it was almost "We have no money, so bye!" before the furlough scheme kicked in. Whilst I am loyal and would rather not jump ship, I do have a sense of foreboding about this place. I do hope that we survive as it's a career that I have a passion for.
To put things into context there is the boss, me (full time) and two part time members of staff. I do the bulk of the in-house labour, we have a part time salesperson and driver. Boss does in-house admin and driving, and can cover my role when necessary.
I am looking for advice on the best ways to cushion the blow if this comes to fruition.
Mortgage free by 33 - (21/07/22 - 32 years and a bit...)
Most DIY problems can be solved by a combination of spanner, pliers, screwdriver, Allan key and a blade. (Hold it, twist it, cut it!) Very occasionally industrial language, a hammer and an adhesive may need to be added to the mix. (Curse it, hit it, patch it!)
Most DIY problems can be solved by a combination of spanner, pliers, screwdriver, Allan key and a blade. (Hold it, twist it, cut it!) Very occasionally industrial language, a hammer and an adhesive may need to be added to the mix. (Curse it, hit it, patch it!)
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