ra2 studio - Fotolia

Small businesses feel ignored by their politicians, claims Sage

As Sage launches its Forum for Business Builders, the accounting software leader publishes research which suggests small businesses around the world do not feel represented by their governments

Small businesses around the world feel ignored by their politicians, according to new research from Sage

The accounting software firm polled over 5,500 entrepreneurs across 19 countries worldwide and found that 63% of small businesses are unaware of government efforts to 'fight their corner' or felt under-represented by politicians.

According to the research, economic uncertainty plagues British small businesses, with 61% considering the economy less stable than it was six months ago.

Just 37% of respondents felt positive about their prospects over the next six months, compared to a global average of 52%.

The top three concerns for UK businesses were currency fluctuations (19%), bureaucracy (16%), and a lack of relevant skills and access to funding (11%).

Any assumption that Brexit is to blame might be a mistake.  Although 38% said leaving the EU would have a negative impact on their business, 35% said it would have a positive impact. 

“Business builders are the heroes of the economy – working night and day to create two thirds of all new jobs in most developed economies,” said Stephen Kelly, CEO of Sage “But so often, when the world’s policy makers discuss the economic picture, these entrepreneurs are excluded from the discussion.”

“They toil away long after the rest of us have gone home, making personal sacrifices to grow their businesses, to support their families and their communities – especially during the busy holiday season.”

The report was published as Sage announced the launch of its Forum for Business Builders in Dublin today. The initiative aims to provide entrepreneurs with a platform to get their views heard, along with insight on business barriers, and policy support. 

Jacqueline de Rojas, MD, Northern Europe, Sage said: “We believe that by giving these businesses a voice, like we have today in Ireland, and encouraging them to embrace technology and the cloud, they will be far better equipped to negotiate the changing landscape whatever changes a post-Brexit world brings.”

“Our hope is that this approach will also be adopted by the UK Government so that we can all work together to help UK businesses knock down the barriers holding them back.”

Read more on Finance and Credit