According to a recent survey by ISME there seems to be no evidence of “Green Shoot” in the Small Business Sector in Ireland. Actually the opposite is true and thing are getting worse.
40% expect to let staff go
70% dont expect to be in business next year if things don’t change
The worst hit sector is Construction followed by Retail, Distribution and Manufacturing.
The biggest problems faced by SME’s include fall in orders BUT more worryingly lack of access to credit. Hmmmm – gues those banks are not fulfilling their side of the deal!!