Non-Financial Risks can significantly impact business operations.
Economic downturn, recession, cyber-attack, exchange rate movements, inflation, natural disasters, epidemics, pandemics, supply chain disruptions.
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 benchmarking 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).