BDO commissioned research among some of the UK’s most successful companies to understand what was driving success in business. The results offered an interesting insight into the world of innovators, founders, change drivers and owner/managers alike.

One common theme that emerged from our findings was that like highly effective people, highly effective businesses share specific traits and follow common pathways to greatness. One of the five habits of highly successful businesses we identified was learning from peers.

We asked: Where do you currently get business advice from?

42%

rely on professionals advisers

25%

rely on peers

If you are unable to bounce your ideas off someone for reassurance,
having to put a lot of time into the business can be quite stressful.

Key motivators for external advice include:

– Balancing views to guide and challenge

– Freeing up time and energy to focus on essentials

– Bringing fresh ideas to stimulate innovation

Download the full report


Read more about this habit and the other four habits of highly effective companies. Access the report in Spotlight, our knowledge centre.

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