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?
