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December 22, 2005
How To Stop Your Small Business From Failing
Business failures are predicted to rise next year based on recent study and the bulk of failures will be small businesses. Here's how to ensure the survival of your small business.
But first,
According to a study carried out by BDO Stoy Hayward, the professional services firm, released recently, the number of businesses crashing will rise before falling back again in 2007.
The study suggests that 17,303 businesses failed this year, 9 per cent more than in 2004. BDO Stoy Hayward expects the number of failures overall to rise by another 4 per cent to 18,052 next year, as the full effects of the slowdown are felt, before fallingback to low levels in 2007 as economic growth improves.
If you run a small business you must take action now to ensure that your small business will survive the crash.
You'll find some useful tips on how to ensure your business survive in the downturn by reading the following article: "Surviving A Business Downturn"
David
Small Business Resource
Posted by David at December 22, 2005 4:56 PM
