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2 in 3 SMEs see a risk of failure in next 3-5 years
Amex survey of 151 CFOs also reveals that lean resources hinder their ability to innovate
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Mindy Tan
Published Tue, Sep 29, 2015 · 09:50 PM
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Singapore
OVER two-thirds of SME chief financial officers (CFOs) say they face a moderate to significant risk of failure in the next three to five years, according to the American Express CFO Future Proofing Survey.
Of the 151 respondents, 67 per cent acknowledged a risk of failure - 17 per cent indicated they face a significant risk of failure while the remaining 50 per cent said they face a moderate risk of failure in the coming three to five years.
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