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Red Tape Crushing Entrepreneurial Drive.

NEWCASTLE, England, June 15 /PRNewswire/ -- A staggering 41 per cent of company bosses say they would be unlikely to set up in business if the opportunity arose again. The figure, part of the 2005 Sage Heartbeat Survey, is up from 27 per cent in 2004. The survey is an ongoing study into the ups and downs of business life in the UK, conducted by YouGov among more than 2,500 business decision makers, on behalf of Sage UK. Perhaps more worrying is that 49 per cent of women (compared to 36 per cent of men) say they would not start a new business if the opportunity rose again.

The results call into question the reality of the so-called enterprise culture supposedly gripping the UK. They also emphasise the increasing impact on business of red tape, cited as one of the biggest reasons for entrepreneurs turning their backs on future business opportunities.

According to Jo Ray, Managing Director, Small Business Division, Sage (UK) Ltd, "Sage has been working with SMEs for 24 years and through our customer base of over 600,000 small businesses we understand the issues they face. Everything we do is aimed at helping business owners save time and money so they can focus on what they set out to do. While these findings are concerning, they show more than ever that businesses need help in dealing with the multitude of issues that they face in the UK."

Sage Heartbeat Survey

The Sage Business Heartbeat Survey is based on responses from 2,554 UK business decision makers from the Sage customer database of over 600,000. The survey sample is weighted to reflect the UK's 1.6 million VAT-registered businesses according to DTI figures. 72 per cent of all respondents were the owner, CEO, managing director, chairman, founder or general manager.

The Sage Business Heartbeat Survey is a regular study representing the views of UK business owners and heads of business. If you would be interested in submitting subjects for the Heartbeat Survey to investigate, please contact us via www.sage.co.uk/heartbeat

Nick Rappolt, Credo, +44-(0)8704-112531
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Publication:PR Newswire Europe
Date:Jun 15, 2005
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