HELP IS AT HAND FOR SMALL BUSINESSES ENTERING 2024

Help is at hand for small business owners entering 2024 with uncertainty, as a local entrepreneur from Manchester has committed to sharing her 2 decades of accountancy experience, alongside her expertise as a coach to startups and growing businesses, to help them kick off the year by getting to grips with their numbers.
Anne Gwilliam, The Small Business Success Coach, is on a mission to reduce the number of small businesses that fail in their early days and as part of this mission is offering a free online masterclass – Planning for Financial Success on 17th January 2024 at 8pm to help simplify the essential numbers for small business owners (https://bit.ly/3vlyG7M).
Anne, 44, said: “40% of small business owners consider themselves financially illiterate (CPA), and the most common reason for business failure is running out of money (CBInsights), meaning that there is a huge risk to small businesses if their owners do not know their numbers, particularly in the current economic climate. With Covid, Brexit and most recently the cost-of-living crisis, the business landscape is far more challenging than in previous years – and I’m hearing from my clients there is real uncertainty and uneasiness about what lies ahead. I want to do what I can to help get people off on the right foot, and to help give them some confidence back, so that they feel more in control of their business”.
Anne believes that the risk to small business owners of not knowing their numbers is far greater than in recent years, as according to Creditsafe, over 30 thousand businesses went into insolvency in 2023, an increase of 12.7% over 2022 and a 52.3% increase from 2021. Having spent nearly 2 decades as an accountant in industry and through the work she now does with small business owners, Anne knows the impact of not getting the numbers right and is determined to reduce the rate of small business failures.
Anne said: “It breaks my heart to see small business owners work so hard to build up their businesses, just to see them fail. I strongly believe that many small business failures could be avoided if their owners knew the numbers and carried out some simple forecasting.”
“It is almost impossible to deal with a shortfall in cash if you don’t know about it in advance, but with some simple cash flow forecasting, you can see problems coming in advance, and more importantly take action to avoid the problem.”
“Most small business owners that I speak to dislike the numbers, but the good news is that you don’t need to be an accountant, you just need to know a few simple numbers that could make all the difference to the success of your business.”
“That’s why I’m offering this free masterclass, to try to help as many small business owners as possible to get to know those important numbers and avoid becoming a failure statistic in 2024.”
Anne’s masterclass is online on 17th January 2024 at 8pm, which can be booked through this link https://bit.ly/3vlyG7M