News: Small Businesses Failing to Prepare for Risk Over Christmas

Small businesses are relying so heavily on increased sales over the Christmas period that many have not considered preparing contingency plans, a survey has revealed.

The survey from insurer RSA shows that 31% of small businesses are relying on Christmas to boost their annual takings after a slow summer period. Nearly half (47%) of respondents admitted they are unprepared for interruptions to Christmas trading, with only 14% claiming to be more prepared than this time last year.

Last Christmas adverse weather conditions caused havoc across the UK, leading to travel problems and missed deliveries. Unfortunately, the research suggests small businesses have not learned their lesson, and are again leaving their success up to chance at the busiest time of the year.

Would your small business be able to survive if it was out of action over the Christmas period? Have you got any contingency plans in place if something goes wrong? Leave us a comment to let us know.

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Kasey writes about the latest small business and website news for bOnline. Find Kasey on Google+, or follow bOnline on Facebook, Twitter, LinkedIn and Google+

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