Managers prefer to do their own research when starting up rather than relying on information made available by the government, a study finds.
According to a survey by software company Sage of 1,510 UK businesses, just 14 per cent view business advice from the government as something they would depend on.
Less than a quarter of business owners (21 per cent) think the government is doing enough to provide sufficient support for those starting a business.
As a result, many have resorted to their own desk research to get the information they need, with 40 per cent of respondents relying on internet searches, while 34 per cent mostly look to newspapers, journals and magazines for business information and advice.
Paul Stobart, CEO of Sage Northern Europe, praises this hands-on approach. He says, ‘The resilience of SMEs in the UK is quite remarkable. Despite red tape, lack of access to capital, and a nervous economic environment, the SME is coming out fighting, determined to invest in and grow their business to fulfil their ambition.
‘This positive business culture and entrepreneurial spirit bodes very well for the SMEs of today and tomorrow.’
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