New research has revealed that one in three of UK small business owners have admitted feeling isolated when making key decisions regarding their business.
The survey undertaken by phone company O2 discovered that 37 per cent of business owners in the UK have felt that they are alone in making decisions about their business. This important insight into the minds of entrepreneurs and business owners also put to light the fact that 43 per cent of the owners felt lonely in performing tasks like changing and/or refocusing business strategy.
Two out of five company owners, meanwhile, have felt the feeling of detachment in performing such enterprise-related exercises like business planning.
A majority of the self-employed survey respondents have, however, admitted that that knew strategy sharing and collaboration with other small businesses was an important key to the problem. Unfortunately, only 10 per cent actually acted on the solution they arrived at.
The survey also said that a lot of these small companies have admitted awareness of networking and support systems through the business lobby groups, but they had the mistaken belief that these services were reserved only for large companies.
Apparently, most small companies think that business organisations will not give them any benefits in running their business, and that they are not relevant to small enterprises.
02 is urging small business owners and communities to find a way to share their experiences ( forming their company, running them, etc.) as well as create an environment where they can get valuable business advice from each other.