According to a new study by Nesta, the business innovation charity, the burden of financial administration and a lack of transparency in the market for financial products is stifling the growth of small and medium sized businesses (SMEs).
The new report found that 42 per cent of entrepreneurs say dealing with finances is the most stressful aspect of running a company, while 17 per cent said that the stress has made them unwell.
The vast majority of small business owners handle their banking and finance without professional help, with one in five spending more than eight hours a week managing their banking.
At Beavis Morgan, we understand the pressures placed on SME business owners.
We work with SMEs across a range of sectors, putting processes in place to make it easier to run your business and to maintain effective management of your company’s working capital. We also assist with management accounts, enabling better control of your financial situation and awareness of the business in real time, enhancing planning for the peaks and troughs.
We are on hand to assist you to remain profitable and increase your net worth.
Contact Steve Govey or your usual Beavis Morgan Partner for further information about how we can assist you and your business.