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WHEN STARTING THEIR COMPANY, 79% OF
OWNERS SAY THEY LACKED FUNDAMENTAL BUSINESS SKILLS
KEY INTERNAL CHALLENGES BUSINESS OWNERS ACROSS EUROPE FACE:
AS A RESULT OF THESE INTERNAL CHALLENGES:
This is particularly the case for:
of owners lacked
skills in finance and accounting
50% in legal,
bureaucracy and compliance
48% in IT software36% in IT hardware33%
DESPITE THESE ROADBLOCKS, EUROPEAN SMBS ARE OPTIMISTIC ABOUT GROWTH IN 2015:
on average suffer
from too much
paperwork/ admin.
This is made up of:
31%
admitted that paperwork
and administration take up
most of their time
20%
feel they spend too much
time on IT related tasks
20%
44%
France
48%
Spain
43%
Italy
28%
Germany
20%
Russia28%
UK
legal/financial/accountancy firms and IT/communications firms across Europe
35% 34%
of small business owners feel they’re
unable to spend enough time on
growth opportunities
Business Bytes is an information hub run by Canon to help businesses achieve their goals.
For more information, please visit: http://www.canon.co.uk/business-bytes/
UK aspiration: France aspiration: Russia aspiration:
would like to spend more time on
sales and business development
29% 32%
of European small business owners were
motivated to start their business so they
could become their own boss54%
SMALL BUSINESS
DRIVERS AND
ROADBLOCKS
To grow bigger in an
already saturated
market by finding
innovative technologies
to enter niches.
Update equipment,
Recruit staff,
and expand our
client base.
To be making a
reasonable living to be
able to afford to live
comfortably.

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Small Business - What are the Drivers & Roadblocks

  • 1. WHEN STARTING THEIR COMPANY, 79% OF OWNERS SAY THEY LACKED FUNDAMENTAL BUSINESS SKILLS KEY INTERNAL CHALLENGES BUSINESS OWNERS ACROSS EUROPE FACE: AS A RESULT OF THESE INTERNAL CHALLENGES: This is particularly the case for: of owners lacked skills in finance and accounting 50% in legal, bureaucracy and compliance 48% in IT software36% in IT hardware33% DESPITE THESE ROADBLOCKS, EUROPEAN SMBS ARE OPTIMISTIC ABOUT GROWTH IN 2015: on average suffer from too much paperwork/ admin. This is made up of: 31% admitted that paperwork and administration take up most of their time 20% feel they spend too much time on IT related tasks 20% 44% France 48% Spain 43% Italy 28% Germany 20% Russia28% UK legal/financial/accountancy firms and IT/communications firms across Europe 35% 34% of small business owners feel they’re unable to spend enough time on growth opportunities Business Bytes is an information hub run by Canon to help businesses achieve their goals. For more information, please visit: http://www.canon.co.uk/business-bytes/ UK aspiration: France aspiration: Russia aspiration: would like to spend more time on sales and business development 29% 32% of European small business owners were motivated to start their business so they could become their own boss54% SMALL BUSINESS DRIVERS AND ROADBLOCKS To grow bigger in an already saturated market by finding innovative technologies to enter niches. Update equipment, Recruit staff, and expand our client base. To be making a reasonable living to be able to afford to live comfortably.