FEI Daily: For Small Businesses, Trust Goes Beyond the Numbers
Integrated Reporting stimulates integrated thinking across a company, ultimately resulting in more holistic business decisions that will drive better business performance.
Global trust in large businesses is waning, and recent studies show that trust is highest amongst people’s friends, neighbors, and communities – the places where small businesses thrive. In this environment, it might be assumed that small businesses are more trusted by the public than their larger counterparts. New digital tools are making it easier than ever to start and run a business and we are in an environment where investors are constantly looking for opportunities to diversify. However, small businesses still struggle to acquire loans, partnerships, suppliers, government and non-profit contracts, and investments they need to grow.