Clarity Consulting

SMEs report boost from expert advice

According to recent research, business owners find hiring professional advisers to help their business has overwhelmingly positive effects.

The survey of 504 small business owners on behalf of Direct Line for Business revealed that 95% were pleased with their decision to seek expert advice.

Almost three quarters (74%) of SME owners claimed the advice they received made their business more professional.

While two-thirds (66%) reported that the advice had improved the infrastructure of their business, with 65% of respondents stating that their revenue streams had increased.

Emma Jones, founder of Enterprise Nation said:

"Businesses that access advice often grow faster than firms that don't."

However, the poll found that 22% of respondents preferred to wait for a crisis to hit before bringing in experts, such as an accountant, lawyer, IT or web specialist.

Karneet Chowdhury, Business Manager at Direct Line for Business, added:

"While cost control is vital for small businesses, sometimes the do-it-yourself approach may cause more problems.

"Fines for non-compliance with regulation or law could be substantially higher than the cost of an adviser.

"Clearly bringing in expert advice at the correct time makes economic sense and instils good practice within an organisation."

We can help

Clarity provides a wide range of business advisory and consultancy services from creating business plans and business mentoring to interim management and retirement planning. Give us a call today on 01483 205850 to find out how we can help to improve your business.

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