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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

graph

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

graph

If you had more time HOW would you grow your business?

With1 day extra a week business owners would...

graph

17.9% of Menwould spend time streamlining their business processes

20.7% of Women

would spend time growing their business through training

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

HELP TO REDUCE YOUR PAPERWORK

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Sources

Google Consumer Surveys: 1,001 Respondents in the "Small/Medium Business Owners and Managers" panel in the United Kingdom.

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