Telling the truth about SME life today

The best way to help would-be entrepreneurs

This one comes from Business Link, which purports to be a “self-help portal of action-focused information for small and medium businesses, linking to all relevant ministries and departments”.

The survey tells us nothing particularly new. Apparently:

• 35 per cent of workers have thought about setting up on their own.

• Retail, art and culture, and health are the most popular sectors Brits would consider entering when starting up a new business.

• The average worker spends 3 days of each year daydreaming about their future business from their desk.

• Money is the motivating factor for 37 per cent of would-be entrepreneurs.

• More than 40 per cent are thinking of starting up their own business because they crave more freedom in the way they work.

• 30 per cent are worried about getting into debt or exacerbating existing money problems.

• A third of respondents said they may not get around to going into business because they don’t know where to start.

Perhaps to reassure that 33 per cent, Business Link’s Rosemary French notes: "There is a wealth of free information, advice and support available locally and online, to help budding entrepreneurs every step of the way.”

She’s probably right. But just how useful is the advice that’s out there Is it easy to find Is it sensible Or is it patchy” (Arguably like Business Link’s coverage.)

I sometimes think the money used to fund these surveys would be better spent on developing meaningful and useful resources for those people out there who have an entrepreneurial dream that’s yet to be brought to life.

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