This is a very worrying headline and the statistics showing 25% of people expect their small business to fail is depressing; but not sure how reliable it is. What about telling those 25% of worried directors that there are many tools out there to help their business. The internet is a huge mine of information and support for struggling directors. Sometimes "a trouble shared is a trouble halved" as they say.
Perhaps I am a cynic but the article should maybe have had some positive options and suggestions. On www.companyrescue.co.uk we have a suite of products and guides that can help struggling companies.
Worried about cashflow? Get our FREE Excel cashflow model to help run your business safely. Monitor your cash everyday easily.
Need to cut costs? https://www.companyrescue.co.uk/directors-guides-insolvency/cost-cutting-guide Click for 20 great cost cutting tips for your company.
Most importantly don't worry on your own. Get advice from online guides, business clubs, mentors, accountants and turnaround companies. There are often ways to restructure the business that you or your accountants are not aware of, so call us if you need a chat about cashflow, cost problems or just to ask a question.