In this episode of Under the Hood, Accountants Daily journalist Carlos Tse is joined by Eddie Griffith, chairman of the Affiliation for Business Resilience & Turnaround (ABRT), to discuss the pressures facing small businesses, the "missing middle" between starting a business and insolvency, and the role accountants can play in helping struggling businesses.
Tune in to hear more about:
The gap in support for businesses that are struggling but not yet at the point of insolvency.
How stress can cause business owners to have tunnel vision.
The risks of "quick fix" loans marketed to vulnerable business owners.
Why proactive communication between accountants and their small business clients is crucial.
The connection between business health and the mental health of business owners.
How accountants can help clients navigate financial distress.
What supports do small businesses need moving forward?
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