We’ve produced a handy ‘Top 20 Tips’ guide for SMEs. Focusing on the practical things that businesses need to do, the guide highlights the 3 key areas that businesses need to focus on: their cash, their people and their customers.
The guide has been produced following results from our latest poll in conjunction with the UK200 Group, where 13% of SMEs believe they cannot survive the current crisis and a further 48% have ‘written off’ this year and say they are not in good shape. 1.5% of SMEs say they have to close.
The poll was conducted amongst 432 SMEs across the UK in the third week of June and asked them what the future looks like for their business. One third of respondents indicated that business is pretty much as usual.
Commenting on the poll results, Robson Laidler’s MD Graham Purvis said; “The poll highlights the remarkable resilience of SMEs. Despite everything that has been thrown at them in recent months, they are doing everything they can to be positive about the future.
“But the poll also highlights a stark reality, namely that SMEs are facing some very tough times. Not least due to the impending wall of debt expected next year.”
Without cash, people or customers businesses will fail. Focusing on these 3 vital areas and making informed decisions will provide a platform for businesses to come out of this crisis in good shape and look to the future with confidence.
Government support, from furlough and SEISS to tax deferrals and business loans have helped SMEs to survive over the past 3-months. These schemes have injected money into businesses, have enabled businesses to pay their staff and have held off the inevitable squeeze that will follow.
This handy guide highlights the Top Twenty Things SMEs need to do to safeguard their business into the future.
Download a copy below and get in touch with us for more help and support.