More than a million working hours are lost each year by small businesses in the UK due to business owners and managers running out of time to make important travel preparations.
And nearly half of small to medium-sized businesses in the West Midlands admitted to being over an hour late to an important business meeting, with busy schedules and a lack of time for forward planning attributed to causing the chaos, according to research by Bibby Financial Services.
And it wasn’t just lack of planning and wrong directions that cause problems for businesses – the research showed that business owners and managers are taking all kinds of short cuts to save time whilst on the move.
Many were grabbing meals at the wheel, a potential safety hazard.
Businesses in the North have proved to be the most reliable behind the wheel, with only 17 per cent of business owners and managers arriving over an hour late to meetings compared with a whopping 47 per cent in the West Midlands – the highest in the country.
Kevin Rose, Bibby Financial Services spokesman for the West Midlands, said: “With the pressure on busy business owners and managers to juggle so many tasks in order to keep the business going, time can become a precious commodity.
“However, with our research highlighting the pitfalls of poor travel planning, small business owners and managers should heed the warning and make time to prepare, particularly at a time of such economic uncertainty when losing a customer due to poor punctuality could have a significant impact on the business.”