Guiding you to a better future

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

One in three SME owners works 50+ hours a week

12 November 2018

One in three SME owners works 50+ hours a weekMore people are choosing to work for themselves than ever despite the long hours, a new survey has found.

A study of entrepreneurial Brits by Airtasker has found that one-third of small business owners work more than 50 hours a week, compared to the national average of 40 hours per week. In addition, business owners take far less holiday than employees, with 16% saying that they take no annual leave at all.

Over one-third of Brits have taken the plunge to work for themselves at some point, according to the findings - 6% of those polled described themselves as currently self-employed, 6% run their own business, 9% have been self-employed before and 17% have previously run a business.

Apart from the long hours, the study reveals that the biggest challenge for small business owners is finding skilled workers (cited by 36%). Other key challenges are:

Find job candidates cost-effectively

Find job candidates cost-effectively

Indeed is the world's number one job site, with more than 200 million visitors per month. Sponsored Jobs receive premium visibility, delivering more qualified applicants to your job. Sign up today and save £50 on your first sponsored job post.

Post job

  • Finding and paying for suitable premises (32%);
  • Company administration and law (31%);
  • Staying motivated (28%);
  • Arranging insurance and healthcare (26%);
  • Marketing (23%);
  • Brexit (18%).

When asked what they were most unsure about when they first started up, business owners said the biggest issues were company law and finance (both cited by 23%), followed by marketing (16%), sales (15%), management (7%), networking (7%), insurance/healthcare (5%) and hiring/training (5%).

Despite concerns about finding skilled staff, the report reveals that personality is the top trait that business owners look for in new hires, followed by skills, experience, punctuality, higher education and great references.

The study has also found that there is a significant demand for products and services provided by SMEs in the UK, with 73% of Brits choosing to take their business to a small business rather than a large corporation. The findings also show that one in three shoppers (36%) is willing to spend more on products or services from local small businesses.

News type:

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry