small business disruption

550,000 Small Businesses Shut Doors Due To Disruption Every Two Years

550,000 Small Businesses Shut Doors Due To Disruption Every Two Years

Over 550,000 small businesses have been forced to temporality cease trading due to “disruption” in the last two years, according to Direct Line for Business. The survey of 301 small business owners revealed that destroyed stock and delivery vehicles breaking down are among the incidents that have caused the wheels come off some small businesses. Worryingly for enterprises, those forced to halt trading have been hit with hefty costs, with the average amount required to keep a business afloat, without trading for two weeks, estimated to be £8,775. The average small business believes that it would last around eight months and three weeks if it were forced to halt trading, with sole traders (nine months, one week) faring better than microbusinesses – businesses employing fewer than 10 people &... »