Solution Loans recently conducted an online study of 1,000 British entrepreneurs in the hopes of learning more about the financial struggles business owners in particular face – and which among these are generally considered the most intimidating of the lot.
With available options ranging from managing cash flow and maintaining the flow of new business to paying competitive salaries and investing in better processes, we asked participants to share the financial factors they believe cause company owners across the UK the most stress. The results are in, and we’ve recorded them below – segmented by business owner gender and geographical location.
Which of these financial factors do you think cause business owners most stress?
Losing existing clients: 64.0%
Managing cash flow: 60.0%
Continuing to remain profitable: 58.4%
Late client payments: 51.9%
Maintaining the flow of new business: 48.1%
Lack of knowledge of company’s financial situation: 32.0%
Amanda Gillam is Solution Loans's General Manager and has been since 2009. She is also a prolific writer on personal finance issues, and has been quoted numerous times in articles published on 3rd party websites and in press releases. Her...Read more about Amanda Gillam