Small businesses waste 120 days a year on admin

Small businesses spend an average of 120 working days each year on repetitive administration tasks, with accounting tasks costing firms the most.

Sage, a market leader in cloud-based accountancy software, found that around 5% of a small businesses man hours are taken up by administrative tasks globally.

Compared with other countries in the study, Britain performs slightly worse with around 5.6% of staff time spent on back office tasks like invoicing and recruitment.

Sage argues that productivity is suffering because small businesses are spending too much time on tasks that don’t add value to the business.

Small business owners: 5 things to do before you take a holiday

Getting away and taking a holiday is crucial when you’re a small business owner. It helps you take a step back and plot the company’s trajectory, and more importantly, it gives you the chance to relax and recharge your batteries.
As the summer draws in, we’ve put together a short list of everything you can do to make sure you have the most enjoyable and distraction-free holiday possible.

Small Business Advice Week: Make sure you get paid on time

This week is Small Business Advice Week. Freelancers and other micro business owners can get lots of useful help and advice by visiting the Small Business Advice Week website and they can join in productive conversations happening on Twitter by using the hashtag #SBAW.
For our part, we want to address one of the biggest issues faced by small business owners – how to make sure they get paid on time.