2020 SME Research Report
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.