small business optimism

Bigger Exporting Businesses ‘Concerned’ About Future – But Small Firms Report ‘Business As Usual’

Bigger Exporting Businesses ‘Concerned’ About Future – But Small Firms Report ‘Business As Usual’

Larger exporting businesses were more concerned post-Brexit than smaller domestic firms, a report by BDRC Continental has revealed. Its SME Finance Monitor, which surveyed over 100,000 UK small businesses, found that 70% of smaller enterprises said that nether political or economic uncertainty posed any barrier in Q4 2016 – suggesting many were unhinged by the EU referendum result. The reaction among larger businesses, with between 50-249 employees, was significantly different however – with 35% worried about the economic climate and 32% worried about the political one in the same quarter. Despite shrugging off any Brexit concerns, smaller respondents were less confident of expanding their operations over the next 12 months, as just 43% said they expected to grow – compared to 49% in 2013.... »

Business Owners More Worried About Europe Than Britain Post-Brexit

Business Owners More Worried About Europe Than Britain Post-Brexit

UK small business owners are more worried about the future of the European market than the domestic one, according to a new report by Idinvest Partners. The survey of 1,500 people revealed that 57% would describe themselves as “optimistic” when thinking about the UK economy over the next 12 months, with respondents 10% more concerned about Europe’s performance in the same period. Just 59% said they were pessimistic about the country’s future economic performance and a potential rise in inflation. With Article 50 set to be triggered next month, access to the single market (30%), raising finance (29%), and red tape (23%) were signalled as being the main causes of concern – with 47% saying that personal savings will be their most likely source of funding raising. Christophe Bavière, CEO and B... »

50% of UK Business Owners Look to Grow Operations

50% of UK Business Owners Look to Grow Operations

A new level of optimism among small business owners has many wanting to expand with 50% planning to grow operations in the future, according to a new report by Fleximize. Of the 129 businesses surveyed, 42% of entrepreneurs said they intend to develop new products and services, 23% said they had plans to hire more staff and 17% believe they will need larger premises. It was also revealed that 27% of business owners intend to buy new machinery, with one in three planning to expand into new geographical markets. Additionally, the findings indicate growing business revenues and profits. 35% of the businesses surveyed said their revenues were higher than they were 12 months ago while 29% said their profits were also higher over this time period. Fleximize has suggested that the rise in alterna... »

Small Business Optimism Continues to Rise

Over half (52%) of small firms plan to invest in their company as trading conditions improve Small and mid-sized business optimism continues to build as 52% of company owners declare plans to invest in their firms thanks to improved trading conditions. In addition, 34% believe that their companies will grow in 2015, according to the most recent Close Brothers Business Barometer (CBBB). The report revealed that alongside investment and growth predictions, companies plan to seek growth funding and increase headcount with four out of 10 enterprises planning to seek funding to facilitate expansion and 47% hoping to recruit additional staff. The CBBB, which is a quarterly survey conducted by financial group Close Brothers Asset Finance, (CBAF) demonstrates the opinions of small business owners ... »

Economic Change Can’t Dampen UK Small Business Optimism

Over half (58%) of UK small businesses feel positive about how their business will fare over the next six months, according to a national survey of 2,019 small business owners released today by T-Mobile. The positive findings reveal how the UK’s small businesses are optimistic about the future, with many prepared to make changes to their services and take their companies in new directions to ensure success. One in three is considering developing new products/services (31%) or expanding within the UK (30%) to grow the business. One in ten (11%) small business owners also see international expansion as key to spurring growth and 55% believe they are in a stronger place to succeed than a year ago. This flexible, adaptable approach could explain why 48% expect to see some business growth in th... »