by Elias Makris, Partner

According to research*, there are three challenges preoccupying SME business owners:

1.            How to de-risk the business;
2.            How to improve efficiency; and
3.            How to work smarter.

Recent statistics indicate that despite wanting to avoid risk, 68% of SMEs don’t know their top 5 risks or how to manage and protect business and family assets.  Further, while wanting to achieve growth 80% haven’t prepared a business plan to guide them. Then, in terms of stress and lifestyle, 53% (yes, more than HALF of SME business owners surveyed) admit they don’t spend enough time with their family. Sound familiar?

As the most pressing issue relates to risk, your first step should be to find out your Business Risk Score. All it takes is a couple of minutes to take our FREE online Business Risks Survey. Simply respond YES, NO or UNSURE to 10 quick questions and your personalised Business Risks Scorecard will be delivered (see *2017/18 SME Research Report, page 33) with a snapshot of the key risks in your business.

 

TAKE BUSINESS RISKS SURVEY

 

I encourage you to take the survey. It’s your first step towards less worry and more business success.

The 2017/18 SME Research Report includes these and other valuable insights about SME business priorities. Importantly, it will reflect many of those niggling concerns you’ve had at the back of your mind and help to provide the clarity and confidence you need to take action.

To learn about The Better Business Program and Rosenfeld Kant’s range of business advisory services, please contact me or your accountant at Rosenfeld Kant today: (02) 9375 1200 or gary@roskant.com.au, raul@roskant.com.au, elias@roskant.com.au

View *2017/18 SME Research Report | Take FREE Business Risks Survey

The information (including taxation) contained within this article is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Rosenfeld Kant strongly suggest that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances.