Print business owners are almost twice as likely to describe their experience of starting their own business as ‘difficult’ when compared to the national average; however, in spite of this, a majority would still recommend the experience to others, according to the Close Brothers Business Barometer, a quarterly survey of UK SME owners and senior management across a range of sectors and regions.
“Exactly half of print business owners who took part in the survey said that they found the experience of starting a new business difficult,” said Roger Aust, Managing Director, Close Brothers Asset Finance Print division. “Nationally, that figure drops to 29%, but what does become clear from the results is that print businesses are particularly resilient.
“Even though they may have found the set-up process tough, it would not put them off from recommending business ownership to others.”
When asked the question ‘do you feel the UK encourages entrepreneurs?’, 33% said ‘yes’; 57% answered ‘no’ and 10% were undecided. Nationally, the figures were yes – 38%; no – 42% with 20% undecided.
“It shouldn’t come as a surprise that print businesses do not feel the UK encourages entrepreneurs, in light of their own experiences,” continued Roger. “However, our sector is in a very good place with the majority of print firms in the UK believing there is no discernible shortage of available talent in the industry.”