News Article - 08 November 2007
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Small to medium-sized businesses (SMBs) are not only being ignored by the government but also by big consultancy companies, claims consultant-news.com.
Research by BT Business revealed that there are 4.5 million SMBs in Britain, contributing nearly £967 billion to the economy and employing ten million people.
However the study found 85 per cent of SMBs feel they do not get enough help from the government. Consultant-news.com also claims many do not get adequate business advice and therefore rely on fragmented information from various banks, the internet and product suppliers.
"When you talk to SMBs, many don't know where to turn to get advice on business and technology," Rai Meghani, head of Lexmark's Marketing, Printing Services and Solutions Division told the website.
"They feel they can't afford consultants and rely on word-of-mouth, publications awards and product reviews."
She suggested that many SMBs would pay more for advice and it is therefore an untouched, potentially lucrative market.
The government's proposed reforms to capital gains tax are claimed to negatively impact SMBs. It could mean an 80 per cent increase in some business owners tax when they retire.
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