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Alternative finance now part of the mix for SMEs looking to restructure

The ability to unlock value from within a business, without the need for additional long-term debt, will be a vital part of a more sustainable recovery

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Many SMEs are now busy planning ahead to increase stock levels and rehire staff, but some will decide to exit their business totally

Many SMEs are now busy planning ahead to increase stock levels and rehire staff, but some will decide to exit their business totally

Many SMEs are now busy planning ahead to increase stock levels and rehire staff, but some will decide to exit their business totally

There’s no doubt that the Covid-19 pandemic created huge uncertainty for SMEs across Ireland, compounded by an already unpredictable business environment in 2020 as the final Brexit deadline approached. Disrupted supply chains, closing retail outlets, seismic changes to consumer behaviours and regular amendments to government advice and support were all par for the course for business owners across the country.

Many SMEs are now busy planning ahead to increase stock levels, rehire staff, and manage increased customer demand throughout the spring and summer months. It won’t be surprising to hear that, following a period of reflection, some entrepreneurs have decided it’s time to restructure, refocus, innovate and grow, while others have come to the conclusion that it’s time to exit their business totally.


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