Max Chmyshuk

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... »