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Small Businesses Maintaining Sunny Outlook

Small Businesses Maintaining Sunny Outlook

A survey from serviced office provider Business Environment has found that small business has been flourishing in 2012, despite the general economic climate.

Research among 150 SMEs in the South of England has found that business owners are largely confident about the future of their business and pleased with its success.

  • 47% increased headcount in Q2 12
  • 62% introduced new products/services
  • 54% are confident in the UKΓÇÖs future
  • 93% are positive about the future of their business

Among those surveyed after Q2 12, businesses in the South East emerged as the most affected by the UK economy while the South West maintained greater success.

Just 8% of surveyed businesses in the South West struggled for liquidity this year, compared to 19% in London and 20% in the South East. South West companies also grew faster ΓÇô 77% having grown somewhat through the second quarter of the year.

ΓÇ£ItΓÇÖs been a gloomy summer for UK Plc., so the surveyΓÇÖs relatively positive tone was a big surprise,ΓÇ¥ says Business Environment MD, David Saul.

ΓÇ£Despite the tough economy, many companies are finding ways to thrive ΓÇô and this is a good sign for the future.ΓÇ¥

Business Environment has also noted with interest that it is smaller companies that maintain the most positivity, while larger SMEs drag down the metrics with a darker view of the future.

  • 63% self-employed are confident in the UK economy
  • 58% companies with 10-99 staff are confident
  • 50% companies with more than 100 staff are confident

Are you a small business with a sunny outlook? Or do you believe the economy will struggle to recover? Share your thoughts in the comments.

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Author: | November 5, 2012 | 0 Comments

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