One Fifth of Small Business Owners Use Google As Legal Aid
Young entrepreneurs appear more ‘legal savvy’ than their older counterparts with 71% having some form of framework in place
22% of UK small business owners will turn to Google if they’re in need of legal advice, according to new research from Ajuve.
The survey of 500 small enterprise owners revealed that 40% of respondents have no legal framework in place whatsoever to deal with any potential future claims, with 46% admitting they’d need help if they were to engage in such a dispute.
When broken down by age, younger business owners appear more ‘legal savvy’ than their older counterparts, with 71% of 18-24 year olds having some form of framework in place compared to just 35% of those over 40.
Alex Bargate, co-founder and CEO of Ajuve, said:
“A clear dispute strategy is something which all businesses should have in place from day one so it’s worrying to see that so many firms are lacking one.
“Disputes are inevitable in business and, when not handled appropriately, can be an eye watering drain on time and money. Currently Civil Court claims can take anywhere between six months and two years to be resolved.
“It’s fascinating that young entrepreneurs are by far the most prepared, suggesting a generational change in the understanding that commercial disputes can break an ill-equipped business. Experienced business owners ought to take a leaf out of their successors’ book.”