SBRC launches SME Business Resilience Introductory Guide

SBRC launches SME Business Resilience Introductory Guide

The Scottish Business Resilience Centre (SBRC) has launched a comprehensive guide for start-ups and SMEs with input from all sectors – including Police Scotland, Scottish Fire and Rescue Service and cyber and resilience experts.

Tackling issues from fire safety and GDPR to cyber resilience and counter terrorism, SBRC’s SME Business Resilience Introductory Guide covers every concern a small business might face in their initial years.

Eamonn Keane, Chief Operating Officer for Cyber and Innovation at SBRC said, “On top of trying to grow their businesses, SMEs are under pressure from every corner – cybercrime, fraud, business resilience and tens of other issues a stressed small business owner might not even think of.

“The most common reasons businesses fail can be down to reasons like mismanagement or even location but a lack of experience and vital support in the industry can also be a contributing factor.

“The guidance relates to enhancing business resilience and can be applied to all companies across the varied spectrum of the SME sector. It provides both general resilience advice, whilst also concentrating on the primary tasks identified for new SMEs. These risks can particularly impact business within the first year of operation.

“By providing SMEs with a strong foundation in business resilience on which to build and expand their knowledge, this will in turn afford them a greater chance of developing into a sustainable, profitable enterprise."

Research carried out by the SBRC has identified eight reasons why a start-up or SME might fail, including:

  • Money and cash flow
  • Lack of market research
  • Location
  • Industry experience
  • Weak business plans
  • Poor administration
  • Ineffective management

The guide is designed to strengthen the hundreds of thousands of smaller businesses across Scotland, in turn safeguarding millions of jobs and improving communities across the country.

 

Click here to download the SME Business Resilience Introductory Guide. 

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