Zenith SME Business Empowerment Lab: SMEs urged to identify business risks and adopt mitigation strategies to ensure sustainability
According to the experts, business resilience goes beyond responding to crises. It requires a deliberate and strategic approach to identifying potential vulnerabilities, safeguarding critical operations and implementing contingency measures that enable businesses to adapt, recover and thrive in the face of disruptions
The Zenith Bank Ghana's SME Business Empowerment Lab held on October 29, 2026, urged small and medium-sized enterprises (SMEs) to adopt proactive risk management practices for building resilient businesses. The event, themed "Building a Resilient and Disaster-Proof Business," focused on identifying vulnerabilities, safeguarding critical operations, and implementing contingency measures to adapt to disruptions.
Industry experts highlighted six major business red flags, including poor cash flow, rising debt, inadequate record-keeping, weak governance structures, excessive dependence on a single buyer or supplier, and unmanaged climate-related threats. To address these risks, a five-step business resilience plan was outlined, encouraging SMEs to identify their most significant risks, assess financial implications, and develop appropriate responses.
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