Biggest regrets of small business owners on startup

11 Jul 2016

A survey by the Association of Accounting Technicians* (AAT) has revealed that the biggest regrets SME owners have, when reflecting on their startup experiences, are having not spent enough on finances and marketing.

20 percent of SME owners surveyed found not having enough finance knowledge was the biggest struggle when they first started out. 19 per cent said they should have spent more on marketing their businesses at launch to generate more leads, with 11 per cent feeling they should have spent more on finance. 65 per cent admit to having struggled with at least one key business area at startup, wishing they had sought more professional business advice up front.

At Beavis Morgan, we understand that starting your own business can be a rewarding, yet daunting experience. That is why it is essential you partner with the right advisers from the start. We are well versed in working with businesses of different shapes and sizes, so you can rely on our detailed understanding of the specific kinds of issues that can arise. And, you can count on our expertise and ability to provide the right solutions.

For more information about about how we can help you and your business, contact Steve Govey or your usual Beavis Morgan Partner.

* For a fully copy of the AAT survey findings, click here.