A recent survey of SME businesses by Sage shows that most business advisers are less trusted by them now than they were two years ago before the recession.
The survey reveals that:
- solicitors have gone from being the most trusted source of business advice for 18% of SMEs in 2008 to only 2% in 2010!
- management consultants have gone from 22% to 9%
- banks have dropped from 24% to 4%
So who has picked up on the dissatisfied business owners? According to Sage, accountants have gone from 33% up to 38%. The survey does not say where exactly the rest of business owners have turned to!
Modesty forbids me from speculating about why accountants have fared so well compared with the others, but feel free to post a comment with your own suggestions.