A combination of economic uncertainty, rising unemployment, changing consumer behaviour and national and regional “lock-downs” have exacerbated existing pressures often experienced by start-ups, including lack of funding. With thin balance sheets, cash flow challenges and (often) debt, many start-ups simply have less capital and resources to fall back on in time of crisis. There are, inevitably, risks of business failure.
Picture the scene:
You’re a conscientious employer. You diligently follow data protection laws. One day, you discover your senior IT auditor has been running a slimming drug supply operation from the office mail room, but you let him off with a verbal warning.