Majority of small firms ‘fail to plan strategically’

THE majority of small companies in Ireland are failing to review key aspects of their businesses that can help them meet the demands of the recession, according to a corporate mentoring specialist.

According to Anchora Solutions – an Irish consultancy which specialises in mentoring and “turning around” companies’ fortunes – many Irish companies are failing in terms of strategic planning, technology and sales and marketing.

“Irish companies need to get off the ‘doom and gloom’ treadmill and take the economic downturn by the scruff of the neck and turn it into business opportunities,” according to Anchora’s Nicky Martin.