UK Small Businesses Spend About 10 Weeks a Year Financial Admin

According to a new survey by Starling Bank UK based small businesses spend about 15 hours a week or 10 weeks a year dealing with their finances; Starling surveyed 1,000 business owners and a third said their finances also negatively impacts their personal lives and 10 percent lose sleep; Starling Bank CEO and Founder Anne Boden tells AltFi, “What our findings unequivocally show is that micro-businesses are spending a huge amount of time on financial admin work.”; the results show how much opportunity there is for fintechs to help small businesses get a better handle on their finances using cutting edge technology. AltFi

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.