Financial guidance should be more accessible.

The Money Advice Trust stated that advice and guidance about financial management should be made more accessible, as many people are not aware of the financial risks they take when becoming self-employed.  According to a survey of small business owners carried out by the Trust, more than a third draw less than £100 a month from their business and 69% of those that had taken out a personal loan were using it to finance their business.  Chief Executive of the Money Advice trust stated: “Advice and information is available, but we believe the Government could do more to make sure the self-employed and other small business owners can access the expert support that can often make the difference between triumph and disaster.”

Read more about the survey at:

http://www.moneyadvicetrust.org/media/news/Pages/New-research-looks-at-the-cost-of-being-self-employed.aspx

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