A ‘lack of time’ is costing the average small business £4,000 every year.
A study of 500 SME owners and decision makers highlighted a lack of time to focus on all their expenditure is costing them nearly £350 each month on average.
And nine per cent worry they are unnecessarily spending between £1,000 and £3,000 each month.
The survey also revealed 68 per cent of small business owners haven’t changed their approach to managing expenditure for a significant time.
The research was commissioned by Smart Energy GB, which is working with Mowgli Street Food founder and TV presenter, Nisha Katona MBE to share The Accuracy P.L.A.N.: Why It Pays To Know Your Bills [https://smart-meters-for-business.smartenergygb.org/accuracy-advantage], a free resource to help small business owners navigate their way through their business expenditure.
Nisha Katona said: “Small business owners have to navigate their way through endless expenditure and keeping a close eye on bills is critical to a business’s success."
