Research from Opus Energy reveals that when first setting up their businesses, 40 per cent of SME owners say that cost was a struggle. More than a third (37 per cent) reveal concern over understanding all of the legislation around how to set up a business and 30 per cent say they struggled to take
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Tag Archive for Red tape
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Red tape seen as top barrier to entrepreneurship, says new report
by Owen Gough • • 0 Comments
New YouGov research commissioned by wealth manager Kleinwort Hambros, looking at barriers to entry for UK entrepreneurs, finds that ‘too much red tape’ was top of the list, with 46 per cent of entrepreneurs identifying it as their main concern. Red tape is an issue particularly important in the financial services and manufacturing sectors, with respectively 65 per
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SMEs too busy battling red tape to focus on business growth
by Owen Gough • • 0 Comments
The average small business owner now spends over a quarter of their time battling red tape and regulations. A survey of 500 SMEs by online printing company instantprint reveals that hurdles like HR compliance, health and safety demands and pension admin are stopping owners from growing their enterprise. These distractions and other admin tasks eat
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