67% of SMEs surveyed by Storey reported that internet problems hindered them the most, with 38% stating that they had experienced internet failures in the last month.
46% of respondents revealed that they have a slow internet connection. 37% believe that this is preventing them from attracting new talent.
A further 21% of business leaders said that they spend more than 20 hours each month fixing technological issues.
Joff Sharpe, Head of Operations at British Land, which oversees Storey, commented: ‘SMEs in particular, with their limited resources, face a number of challenges that could hamper their productivity – and, ultimately, their success.
‘Many of these relate to managing, maintaining and looking for office space, distracting them from their core jobs of running their business.’
KTS Owens Thomas supports SMEs with business and finance advice. For a no fee no obligation constulation, please don’t hesitate to contact our team today by email or by ringing 029 2082 9000.