Addition, an outsourced finance solution for SMEs and startups, has published a new national survey highlighting the main concerns for small business owners over the next 12 months.
The results showed that surviving without government support is the biggest concern for businesses in the UK, with nearly a third (29%) worried about the potential impact on their future.
The data also revealed that a quarter (25%) of business owners flagged managing costs as a major concern over the next year, while 24% of those surveyed also believed that attracting and recruiting the right talent was going to be a massive challenge.
Addition Founder and CEO Graham Davies said, “As government help ends and demand begins to fluctuate alongside the economy, there are many positives for businesses to look forward to – but these changes also bring challenges.”
