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.