Our New SME Research features up-to-date insights to help you de-risk your business.
Business risks have always been with us. However, in today’s complex and interconnected global economy, new Non-Financial risks have emerged that are creating enormous stress and worry for business owners. Covid-19 is an example of one such risk.
External Risks
Economic downturn, recession, cyber-attack, exchange rate movements, inflation, natural disasters, epidemics, pandemics, supply chain disruptions.
Internal Risks
Operational, key person, succession, compliance, privacy breaches, staff, technology, competition.
Business owners want to reduce these risks, improve business performance and their quality of life. But they are already struggling with planning. Only one in four regularly plan and only 6% had up-to-date, actively managed plans.
The key insight of our new 2020/21 SME Research Report is that business owners need a sounding board.
Our Report highlights top business risks, analyses key non-financial risk & value drivers and introduces important industry profitability and valuation bench marking data.
Here’s a sneak peek into some of the key statistics:
- 78% of SMEs did not have extensive cash reserves to deal with any shock or disruption;
- 81% of SMEs do not have a documented management and ownership succession plan;
- 88% of business owners were relying on the sale of their business to fund their retirement (but risk proceeds not being enough).
We encourage you to download the Report’s Executive Summary, see download button below.
DOWNLOAD THE SME RESEARCH REPORT
Executive Summary
If you wish to receive the full Report email us at 1ststep@azimuthp.com.au.