An article in Fresh Business Thinking reports today that small business leaders spend a whopping 28 hours a week- hours that should be spent on growing their businesses. Research conducted by the Centre for Economic and Business Research labels these leaders as “swiss army knives” because they have to do so many jobs at the same time in order to get by.
Administrative tasks and red tape, such as filling in forms, applications and other processes is the number one task that the majority of businesses would rather delegate, but yet find it difficult to do.
In order to focus on growth, small businesses must find ways to steamline administrative tasks and delegate responsibility.