Business advisor facts (not fiction)

I am one of over 200 business advisers around the UK that on a monthly basis contributes to the UK Business Barometer which is an online business survey conducted by The University of Nottingham.

It’s hard for a new business to get going, and there is always conflicting information out there, from a mate down the pub to the accountants/business advisor that wants paying, so I thought I would share a few of the most recent finding of the barometer with you.

Only 11.3% of advisers are not advising clients to take advantage of the various Government incentives such as online filing for year end payroll returns for small employers, which for the tax year to 5 April 2006 was worth £250 tax free! Just make sure your advisor isn’t one of the 11.3%!

In the 3 months ended March 2006, 47.4% of advisers had seen an increase in clients seeking their advice, this is good news, people running their own business seeking advice rather than listen to their mate in the pub!

Even better news, 31.1% of advisers have seen an increase in the number of people wanting to start their own business, just remember if you are starting a new venture get professional advice!

And for those thinking about starting up for the first time, a whopping 85.9% of adviser expect client business failure rates to be 10% or less, maybe this has something to do with the increase in clients seeking professional advice?

For all those ladies looking to start in business go for it, you are certainly not alone, there has been a 27.5% increase in women seeking advice. There is now more support than ever for women starting in business, if there is enough interest I will in a future blog cover women starting in business more with some useful links, if anyone wants me to?

Business advisers like everyone else are also faced with the increased use of technology and as such we also find ourselves being inundated with information.

What is good to see is that only 15.9% of advisers don’t feel familiar with the requirements necessary to upgrade a client’s website to allow trading online. Online trading, correct me if I’m wrong Stefan, but can’t Winweb help out with this?

With such sites as ebay becoming more and more popular not only to buy from, but also to trade on, advisers have seen a massive 57.7% increase in clients seeking advice on online trading in the last 2 years.

Sadly, a whopping 40.7% of advisers agree the main obstacle faced by any business when looking to trade online is a lack of familiarity with the technology. If you are thinking about trading online, talk to the guys at winweb, it’s what they do!

What ever you do, take advice, not only from your mate in the pub, but have a chat with a professional, most will give you a free initial meeting.

Good luck.

Tags: Accountants, Business Development, Business Infrastructure, Business Mentoring, Business Start Up, Entrepreneur, Home Business, Micro Business, SaaS, Selfemployed, Small Business, smb, sme, sme-blog, Software as a Service, The Prince’s Trust, WinWeb

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