Small IT and communications businesses are losing 12 working weeks a year to red tape; Survey of small firms in the IT and communications sector reveals full extent of non-productive time spent dealing with official regulations; Many owners of small firms would not recommend others to start up their own business.

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M2 PRESSWIRE-26 August 2004-LEXIS-NEXIS: Small IT and communications businesses are losing 12 working weeks a year to red tape; Survey of small firms in the IT and communications sector reveals full extent of non-productive time spent dealing with official regulations; Many owners of small firms would not recommend others to start up their own business(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:08262004 London - Small businesses in the IT and Communications sector are losing 12 working weeks a year to red tape, according to a report published today by Lexis Nexis.

Nationally, owner/managers are having to spend 458 hours a year, more than 61 working days, dealing with administration on regulations, legislation and tax. Of particular concern in the IT and...