Almost half of SME owners have thought about selling up in the last 5 years

A recent report shows that 46 present of small business owners have seriously considered selling up or downsizing their business within the last 5 years. It also states that when thinking about the future, more especially the forthcoming 5 years 21 percent revealed they are likely to either close the business down or sell their shares in their company and 26 percent say they are likely to exit. 47 percent of SME owners who used a loan to start up their business say that they would be unlikely to start the same business in the current market; this number lessens to 40 percent of business owners who started up their company without funding.

With the current climate being the way it is, times are hard for SME owners. If your company is struggling financially, contact Beer & Young for some free advice on private investment.