MORE than one in three owners of small businesses in Scotlandhave considered throwing in the towel, according to research whichsuggests they have had a tougher time than rivals south of theBorder.
In a survey by Royal Bank of Scotland and the Smarta website, 36%of respondents in Scotland said they had thought about quitting inthe early stages, compared with 29.9% across the UK.
However, owners in Scotland appear to have taken a more realisticview of their prospects than others.
While 40% of owners in the UK over-estimated their sales, only33% of owners in Scotland did so.
Some 53.3% of respondents in Scotland admitted that they hadunderestimated costs compared with 58% in the UK.
The survey found that business owners in Scotland were quickerthan others to try to harness the potential of the internet to boostsales.
Only 56% of small businesses in Scotland do not have a website,compared with 77% across the UK.
Many owners in the UK appeared to take a relaxed approach torunning their businesses.
Approximately 35% of businesses with a turnover of less thanpound(s)100,000 did not have a business plan, 63% had no formalaccountancy relationship, and 80% had no legal support.
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