How to become rich

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duration: 2 Hour and 36 Minute

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Small business owners say lack of time is costing them money

00:01:34

A ‘lack of time’ is costing the average small business £4,000 every year. A study of 500 SME owners and decision makers highlighted a lack of time to focus on all their expenditure is costing them nearly £350 each month on average. And nine per cent worry they are unnecessarily spending between £1,000 and £3,000 each month. The survey also revealed 68 per cent of small business owners haven’t changed their approach to managing expenditure for a significant time. The research was commissioned by Smart Energy GB, which is working with Mowgli Street Food founder and TV presenter, Nisha Katona MBE to share The Accuracy P.L.A.N.: Why It Pays To Know Your Bills [https://smart-meters-for-business.smartenergygb.org/accuracy-advantage], a free resource to help small business owners navigate their way through their business expenditure. Nisha Katona said: “Small business owners have to navigate their way through endless expenditure and keeping a close eye on bills is critical to a business’s success."

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