Small businesses around the world feel ignored by political decision making

RICHMOND, BC--(Marketwired - Dec 7, 2016) - Small businesses feel ignored by their countries' political decision making, according to new research by Sage, the market leader for integrated accounting, payroll and payment systems. In a year of political instability and changes across the globe, the research revealed that 63% of small businesses globally said they were unaware of government efforts to fight their corner or felt under-represented by politicians.

The news comes as Sage today announced the launch of a 'Forum for Business Builders' in the New Year, providing entrepreneurs and business builders all over the world with a platform to get their views heard, along with insight on business barriers, and policy support for entrepreneurs as they navigate uncertainty and turmoil.

Sage's research -- which took in the views of over 5,500 entrepreneurs across 19 countries worldwide -- also found that businesses in Canada are concerned about the global economy, with 60% considering it is less stable than six months ago. Yet 45% haven't done anything to safeguard their businesses against this instability.

In comparison to businesses in the rest of the world:

• Business confidence is comparatively low in Canada. Just 36% feel positive about their business's prospects over the next six months, compared to a global average of 52%.
• The top five concerns for Canadian businesses are lack of relevant skills (14%), currency fluctuations (13%), access to funding (13%), bureaucracy (12%) and tax rates (12%).
• Over half (56%) of Canadian respondents say cost of living is the biggest cost on their business, compared to a global average of 49%.
• Almost half of Canadian small businesses (46%) believe that the Government can best help them through improvements to the tax environment, while a global average of 48% prefer business support e.g. export opportunities.

Stephen Kelly, CEO of Sage, said: "Business builders are the heroes of the economy -- working night and day to create two thirds of all new jobs in most developed economies. But so often, when the world's policy makers discuss the economic picture, these entrepreneurs are excluded from the discussion. They toil away long after the rest of us have gone home, making personal sacrifices to grow their businesses, to support their families and their communities -- especially during the busy holiday season."