How much do SMEs lose by not taking care of legal issues of their business?

We recently conducted a survey to establish the cost to SMEs of not taking care of their legal business and the risks they take as a result. We interviewed 1,000 SMEs in Bangladesh and the results were then analyzed by our team.

SURVEY HIGHLIGHTS

SMEs are losing more than $3.6 billion per year

SMEs encounter 6 legal issues per year on average

43% of legal issues cost SMEs $2,000 or more

More than $.6 billion is lost in each of 4 key areas annually