Strategic planning failures underpin insolvency figures

By Joe Kelly · 7 October 2014 · Economy

Small Business Insolvency Rates Soar: What's Behind the Crisis?

New ASIC figures reveal a shocking truth about SME failures. Is a lack of strategic planning the culprit behind 42% of insolvencies?

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Summary

A lack of clear strategic planning and execution is behind the failure of too many SMEs with the latest ASIC figures showing it is the leading cause of insolvency for 42 per cent of businesses in the last financial year.

Tags: Asic, Insolvency, Martin West, Small Business, Strategic Planning, XGAP