One in five SME owners experience 'imposter syndrome'

One in five small-to-medium business owners suffer from a feelings of inadequacy, failure or even fears of being exposed as a fraud, an AXA PPP study has revealed. Nearly half of SME owners suffering from imposter syndrome, the umbrella term used to describe such feelings, also believe that someone else can run their business more effectively. These sentiments can have a direct impact on business performance within SMEs, with a large proportion of sufferers acknowledging procrastination and opportunity avoidance as key symptoms, limiting growth and business development. Pervasive p...