Colin Speller, MD of ADAS Group (former owner of Envar)

Automotive software specialist sold to family group

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SME loan rejection rates 2014

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23%

Business risk Suggested solution

1 Cash flow Set aside a reserve of 3-6 months operating costs

2 Reputation damage Monitor online conversations about your brand

3 Supply chain disruption Take out supply chain insurance to cover for disruption

4 Business interruption Extend property insurance coverage

5 Loss of key employee Create operational manuals so others can deliver key tasks

6 Regulatory compliance Develop a matrix to assess your regulatory environment

7 Intellectual property Identify, licence, protect and monetise your IP

8 Data security breach Get to grips with the law on data protection and breaches

9 Business assets Insurance cover for fire, theft etc on key equipment

10 Lack of succession plan Develop a succession plan and upskill managers

Source: Standard Bank