A study by the Abbey National Business Bank department has found that around a third of small business owners are worried about the coming 12 months.
They see their economic prospects for the period as being of concern and even poor according to the feedback received by the Abbey National. About 12 percent of respondents claimed to see an increase in clients not paying bills, with about thirty percent seeing payment delays.
On a positive note though the Abbey National also saw some 14 percent of small business owners feeling that economic difficulties will bring opportunities. It is all about perspective said a spokesman, that and the ability to effectively manage cashflow to maintain the business when money is slow to come in.
Sitting down and watching BBC programme The Apprentice is proving to be an inspiration to many viewers to set out on their own.
A poll carried out by Direct Line revealed that nearly 20 percent of people have thought about setting up a specific business whilst watching the programme, with a further 12 percent feeling that they should take the step of becoming their own boss in some form of enterprise.
One of the biggest things that inspired these people to believe in themselves was the feeling that they could just as well, or better, than the people on the programme. This is a very positive stance to take, though a Direct Line spokeswoman did want to advise people that setting up in business is more complex and testing than it can appear on television.
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A recent study by the Alliance and Leicester has found that almost three quarters of UK adults are cutting back on spending as they deal with the rising costs of living in Great Britain.
The view of around 35 percent of those surveyed by Alliance and Leicester is that their disposable income is decreasing, and will continue to do so as they watch fuel, food and general household bills move ever upwards. Sacrifices are being made in clothes shopping, with nearly 40 percent of people saying they will be reducing their spending, followed by socialising, with around 36 percent of respondents cutting back.
An Alliance and Leicester spokesperson said that the majority of people are feeling things are getting harder now, adding that it is good to see the people of the UK being aware of the situation and doing something about it rather than ignoring what is happening.
