2020 SME Research Report

The 2020 SME Research report is based on an annual research study of Small to Medium Business (SME) owners which identifies common characteristics and business risks.

The report also identifies the key steps business owners can take overcome the issues that keep them up at night.

Some of the key insights include:

  • Only 25% of businesses have a succession plan in place;
  • Only 26% of businesses engage in regular planning;
  • 78% of businesses are vulnerable to short term shock or disruption with little or no cash reserve;
  • 36% rely on their top 10 customers for more than 40% sales;
  • Those who survive and thrive have plans in place; and
  • Businesses that identify, adapt and take advantage of opportunities can emerge stronger.

The top three takeaways for clients reading this report include:

  • Understanding the risk and values drivers in their business
  • Collaborate to improve business performance
  • Select a partner / sounding board to support success

Download the full report below.

If you require any assistance please contact our specialist, Matthew Beasley on +61 7 3218 3900.

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2020/21 SME Research Report

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