Business start-ups suffer from lack of planning

09/05/2007  14:54:24

UK business start-ups are suffering from a lack of future planning, an industry expert has stated.

Lynda Purser, who is a director at the Institute of Business Consulting, said that rushing into operations and processes could often cause problems later down the line, reports bCentral.

She said: "Getting the systems in place is important. Often people dont know which systems they should have, what sort of processes they need, how they can gather proper information and get the right feedback.

"Because they havent been in business it perhaps doesnt occur to them."

Ms Purser added that a business start-up was rarely driven by an entrepreneur with good strategic thinking.

Too often businesses were multi-tasking ineffectually and "forever fire-fighting and running the business on a day-to-day basis", she added.

Despite these words of warning, a recent report from PKFs SME Index showed that small businesses had enjoyed a bright start to 2007 - growth was up in the first quarter when compared with the previous three months.

See copyright notice

     

Other Top Business News Stories