The number of UK start-ups has grown steadily over the past five years. There are various statistics contained in the House of Commons Business Statistics briefing paper published in December 18, and on the websites of ONS and FSB. According to these organisations, there were 5.4 million microbusinesses (0-9 employees) in the UK in 2018, accounting for 96% of all businesses. There were 1.4 million employing businesses and 4.3 million non-employing businesses in 2018. Therefore, 75% of businesses did not employ anyone aside from the owner(s). The South West has the second highest number of businesses per head of population in the UK and continues to have the highest 5 year survival rate.
This tells us that there are a huge number of solopreneurs and small businesses who are probably struggling with the burden of business admin, which is taking up time and energy that might better be invested in developing the business.
We have a number of award winning VAs (virtual assistants – an outsource provider of business admin support) as members of our Network, and they have confirmed our thoughts; reporting increased workloads and new client engagements.
So what do VAs do? Essentially, they can help anyone with any admin tasks, from managing emails to booking appointments, drafting newsletters, conducting research, organising events, social media, project management, invoicing – you name it!