finger on pulse

SMEs Advised to “Keep Finger on Pulse”

As the UK economy holds its head just above water, the AAT advises SMEs to keep their fingers on the pulse or risk going under. Despite recent reports that the UK has emerged from recession, British business has not surfaced unscathed. The AAT, the leading professional body for accounting staff, is urging SMEs to expect the unexpected and minimise every potential risk of business downfall. Although catastrophic events like the 2005 London bombings deeply affected enterprise, a massive 45% of small firms have admitted they still have no business continuity plan in place. With this in mind, it is no surprise that 80% of SMEs impacted by disaster either never re-open or close within 18 months. Loss of key staff, crime, fire, flood and IT breakdown are the most common threats to success, so it... »