Research carried out by the Federation of Small Businesses (FSB) and All Party Parliamentary Small Business Group (APPSBG) shows that almost a third of small businesses at start-up stage have difficulty finding suitably skilled staff.
According to the respondents to the Voice of Small Business Survey, almost half of companies found regulation requirements onerous, while 34 per cent also had difficulty securing finance.
As a result, the FSB has suggested reinstating the graduate internship scheme to give graduates the opportunity to acquire the skills they need for supporting a business, as well as reduce the flow of regulation and tackling the stock of existing red tape.
Commenting on the report, John Walker, national chairman of the Federation of Small Businesses, said research has always shown that common issues at start-up stage include finding suitably skilled staff, complex regulation and access to finance.
"With the private sector being relied on to drive economic recovery, these barriers need to be removed and existing businesses should be encouraged to innovate, take on staff and grow," he added.
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Posted by John Oak
Source: The Sales Director News