How Paperwork is Preventing Business Growth
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How much DOES IT COST?
Businesses spend2.5 months a yearon paperwork
This is costing businesses up to £5,657 a year
A 75% reduction in paperwork a year would save a business 39 days and £4,243
DOES PAPERWORK PREVENT BUSINESS GROWTH?
51% of small business owners believe paperwork is preventing business growth
MEN
WOMEN
IS PAPERWORK WORRYING BUSINESS OWNERS?
Business owners Over 55 are the most relaxed about paperwork
I'M WORRIED
AGE
- 18 - 24
- 25 - 34
- 35 - 44
- 45 - 54
- 55 - 64
I'M NOT WORRIED
Londonbusiness owners are the most worried about paperwork preventing growth
PAPERWORK ACROSS THE COUNTRY
Business owners in WALES spend the most time on administrative paperwork with an average of 9.2 hours
Do they believe administrative paperwork is holding the business back from growing?
AREA
- Scotland
- North East England
- London
- East Midlands
- South East England
- South West England
- West Midlands
- Wales
- North West England
- Nothern Ireland
YES
WHO SPENDS THE MOST TIME ON PAPERWORK?
Womenbusiness owners spend more timeon paperwork than men
Men
Women
Females in London spend the most time on administrative paperwork, with an average of 8.5 hours
If you had more time HOW would you grow your business?
With1 day extra a week business owners would...
17.9% of Menwould spend time streamlining their business processes
20.7% of Women
Young Entrepreneurs and mature business owners are more likely toSpend Extra Timeon training compared to mid-lifers
- 18-34 & 65+
- 35-65
YOUNG ENTREPRENEURS
20% would prefer to improve their business processes
30%would rather catchup on work
Extra day to grow your business by AREA
- █ Catch up on work
- █ Training
- █ Business Marketing
- █ Streamline Business Process
- North East England
- London
- East Midlands
- South East England
- South West England
- West Midlands
- North West England
- East England