The statistics are scary. In 2019, a study found that half of SMEs close within three years, with a predication that 75% of businesses wouldn’t last until 2024.
Now, following the coronavirus pandemic, these statistics are even worse. In the current environment, we ask the question: What is it that makes a business successful?
To guarantee business success, preparation and protection remain essential. You wouldn’t run a marathon without training, so preparing to run your business shouldn’t be any different.
How can you ensure business longevity?
- Key person insurance
- Share and partnership protection
- Business loan cover
Find out more about ensuring longevity as a new business.