Rosia Bay Ltd

Being the owner of a small or medium-sized enterprise (SME) has some very clear benefits. You will have far more flexibility compared to larger companies, meaning you’re able to adapt more quickly to any changes in the market. Your team will be more tightly knit – having quite possibly worked in the same small office space for several years. And, perhaps most important of all, you'll be relying on returning customers, which generally means you prioritise service, and are likely to have a great relationship with the people who use your business. On the other hand, none of that matters if you're unable to make the figures work. Sure, you might have an extremely loyal pool of returning customers, a friendly and productive office atmosphere, and an enormous amount of potential – but if you find you’re struggling to break even, then your business is not going to last long. So the question is this: how do you make the difficult transition from a struggling SME to a s