2020/21 SME Research Report
SMEs need a sounding board they can turn to and trust.
Business risks have always been with us. However, in today’s complex and interconnected global economy, new Non-financial Risks are emerging, and creating enormous stress and worry for business owners.
Non-financial Risks can significantly impact business operations.
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. 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 SMEs need a sounding board.
Purchase a copy of the 2020/21 SME Research Report for $66.00 (incl. GST)Download the Executive Summary
Accountants should read the full Report, which shares data, comments and insights (from over 3,900 different data sources) of SME clients of accounting practices.
The Report takes a deep dive into how business owners are managing internal and external risks.
It discusses top business risks, analyses key risk and value drivers and provides industry profitability and valuation benchmarking data. It includes comprehensive statistical data on the SME sector:
- 31% of SMEs had less than 0% growth in the profitability in their current year;
- 78% did not have extensive cash reserves to deal with any shock or disruption, indicating either no reserves (20%) or ‘limited’ reserves (58%);
- 88% of business owners have a value gap risk.
The Report’s insights and supporting statistics clearly demonstrate that accountants need to do more with existing clients than just crunch numbers.
Bstar Alliance Partners are able to brand the Report with their logo, colours and contact details*.
Purchase a copy of the 2020/21 SME Research Report for $66 (incl. GST)
*Terms and conditions apply
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"We were offering Business Advisory services to our clients, but we didn’t have a structured and repeatable way to deliver on a consistent basis. Bstar provides a defined framework that we can scale, ensuring we deliver what we say will to our clients each and every time. Without Bstar, we wouldn’t be able to offer the suite of Business Advisory Services we do today, meaning we’d miss out on a huge opportunity to grow both our business, and our client’s businesses."
Drue Schofield, 4Front Accountants
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