Internet issues posing a problem for SMEs, research suggests
30 Jun 2017
Research carried out by Storey has revealed that internet connectivity issues pose the biggest risk to the productivity levels of small and medium-sized enterprises (SMEs).
67% of SMEs surveyed by Storey reported that internet problems hindered them the most, with 38% stating that they had experienced internet failures in the last month.
46% of respondents revealed that they have a slow internet connection. 37% believe that this is preventing them from attracting new talent.
A further 21% of business leaders said that they spend more than 20 hours each month fixing technological issues.
Joff Sharpe, Head of Operations at British Land, which oversees Storey, commented: ‘SMEs in particular, with their limited resources, face a number of challenges that could hamper their productivity – and, ultimately, their success.
‘Many of these relate to managing, maintaining and looking for office space, distracting them from their core jobs of running their business.’