Business services firms spreading themselves too thin

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The owners of business services firms, including recruiters, in the UK are spreading themselves too thin by taking on too many different roles within their own company, according to research from invoice finance specialist Bibby Financial Services.

The research finds 73% of business owners are taking on the responsibility of dealing with suppliers themselves, 48% are trying to secure finance for their business, while 54% are chasing payments from customers and 53% are seeking new business leads or opportunities.

Sharon Wiltshire, recruitment finance specialist at Bibby Financial Services, says: “Working closely with so many firms from the business services sector, we have a clear understanding of the pressures business owners are under.

”For many small and medium-sized enterprises in the sector cash really is king and ensuring finances and cash flow are in order has to be a priority. Outsourcing tasks to specialist organisations such as invoice financiers, which can offer comprehensive credit control services and flexible funding solutions, can really help free up business owners time, allowing them to get on with the important job of running of their business.”

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