OUR BLOG

Some people have exaggerated ideas about how hard it is to succeed with a small business even with business planning. They imagine that 90% of businesses fail within the first year. The truth is that about half of businesses fail at the five-year mark, and about half of businesses make it beyond that.

Did you know that two-thirds of small businesses lack the confidence to tackle climate change? A recent survey shows that most small businesses are concerned with climate change but, many either don’t know what to do about it or lack the resources needed to make a difference.

While the COVID-19 pandemic has contributed to the supply chain backlog wreaking havoc on the British economy many have suggested Brexit is the main contributor. The changes in immigration and trading laws continue to impact the public sector in many ways. The public sector is facing large labour shortages and major drops in export demand.

It is estimated that around 57% of small business owners have experienced problems with cash flow. Even with larger scale companies, 24% cite late payments as a threat to their existence. So how do you keep money coming into your business?

Users of the Supply2Defence platform may already know that we are official contracts partner of DPRTE 2022 and those of you attending can plot how to spend your time wisely with the release of the event planner ahead of the highly anticipated event taking place this week on Thursday 5th May in Farnborough.