What do small businesses need to get back on track?
PracticeWEB carried out a survey that asked business owners about their current experiences of COVID-19, the future they see for their business, and the role their accountant plays in that.
While no one can say what the future holds, the UK’s small businesses are working hard to safeguard themselves against the impacts of the coronavirus outbreak, both now and in the long term.
Many are already looking ahead, and working out how their business and others in their sector will look post-lockdown.
To weather the storm, SME owners will need to think about strategies they can use to build their resilience, how their business model might need to change, and whether there are new opportunities they can tap into.