How mentoring and risk assessment can help SMEs build resilience

In this interview, Philip Oosterlinck, a mentor from Early Warning Europe (EWE), joins Paul Gisby to discuss the EWE Mentor Academy, which provides free support to entrepreneurs facing financial distress. The Academy is part of a broader collaborative network offering expert advice to struggling businesses, aiming to prevent bankruptcies and assist entrepreneurs in restarting after failure. They also delve into practical steps to help make, or remake, SMEs more resilient, focusing on building strategies to ensure long-term success.

Accountancy Europe, a member of the EWE network, strongly supports this initiative, recognising the pivotal role accountants play in preventing insolvency. Accountants often have close relationships with their SME clients and are well-positioned to detect early warning signs of financial distress. The interview highlights the importance of accountants developing mentoring skills, such as listening and understanding, to better support entrepreneurs during periods of crisis.

For the latest updates and detailed information, we encourage you to visit the Early Warning Europe website and stay informed about this valuable resource, which aims to provide essential support at a critical time for businesses.