A quarter of small business owners in the UK believe their company will fold in the next four years, research has claimed.
Late payments (54%), tax rates (44%) and cyber-attacks (27%) were the biggest concerns among the 500 owner-managers polled by cloud accounting software provider Xero.
Other challenges included Brexit (44%), maintaining or boosting levels of productivity (31%) and recruitment costs (19%).
Around a third (37%) of small business owners said they are experiencing their most turbulent period. (more…)