Red tape and bureaucracy are leading to small businesses missing out on billions of pounds worth of business, as time and resources are taken up by more and more regulation, research by the Forum of Private Business (FPB) has found.
An estimated £29.8 billion worth of business is falling by the wayside, despite the government’s initiatives designed to cut legislation and promote more focus on generating business.
84% of respondents reported increased time spent making sure their businesses were in line with legislation since a previous study by the FSB completed in 2009.
Are you finding you are missing out on business as resources get tied up in legislation and bureaucracy?
Skipton Business Finance has a track record of successfully helping SMEs create opportunities to generate new business by offering a fully managed credit control service as part of their invoice factoring facility.
Our range of fast and flexible invoice finance solutions could be just the boost your business needs. Why not speak to one of our award-winning experts today to see what tailored solutions we can offer you.