SMEs stressed by paperwork
A new report warns that SME growth could be stifled because of the burden of financial administration. The study - for business innovation charity Nesta - also warns that a lack of transparency in the market for financial products can hamper small firms. It found that 42% of entrepreneurs say dealing with finances is the most stressful aspect of running a company, while 17% add 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.
Source: The Mail on Sunday (09/04/2017)