Small Business Survey 2018: businesses with employees

There has been a report released today by Department for Business, Energy & Industrial Strategy

Business Growth
Businesses are aiming for growth

 

There has been a sharp increase in the proportion of SME employers aiming to grow
their sales in the next three years, from 62% in 2017 to 71% in 2018. This has been
driven by the increased ambition of the smallest businesses (micro businesses
employing between one and nine people)

 34% of SME employers reported growth in sales during the year compared to the year
before. While one-third of micro businesses reported growth, nearly half of medium-sized
businesses did so.

 Similarly, looking at employment, medium-sized businesses were more likely to report
growth than smaller businesses: 40% of medium-sized businesses said they had
increased their number of employees, against 22% of SME employers overall.

 For the first time since the credit crunch we have seen a drop in the proportion of SME
employers who have made a profit in the last financial year, from 82% in 2017 to 76%
in 2018. Businesses in the health sector and ‘other services’ saw the greatest falls.

 20% of SME employers exported goods or services (27% in Northern Ireland and 33%
in London). Of these, 78% exported to the EU, and the next most popular
international market was the USA, where 40% of exporters made sales. Of the non-exporters,
only 5% planned to export at some point in the future.

 23% of SME employers have done business with the public sector, a similar rate to
that seen a couple of years ago, but there were big increases in this rate within the
education sector (to 49%), transport (to 32%) and construction (to 31%). The arts and
entertainment sector saw a big drop from 19% to 8%. The main public sector
customers were local authorities and the NHS.

 SME employers continue to cite competition in the market as their greatest obstacles
to success, with 45% of businesses mentioning this, followed by red tape or
regulations (43%) and taxation (40%). Competition is a particularly high concern in
the retail and wholesale sector, mentioned by 56%. EU exit is a major concern in
Northern Ireland – 42% of SME employers mention it, which is much higher than in
the other UK nations, though in London it was also mentioned by 41%.

 Since 2010 there has been a clear downward trend in in SME employers seeking
external finance, and this trend continued in 2018 with just 12% seeking this. The
finance and real estate sector saw a fall from 16% seeking external finance in 2017 to
just 10% in 2018.

Read more here  https://bit.ly/2YOhvGp

 

Bill Fox

 Bill’s vision is to make Kent the best place in the World to run a business  A certified multi award winning International business coach and voted 1 of the top 10 SME business experts in the UK by Enterprise Nation  Founder of The KBA way system ™ for Business Improvement and Growth  Served as Branch and Regional Chairman with the FSB  Served as a National Councillor with FSB  A Kent Ambassador  Business Advisor at the University of Kent Hub for Innovation & Enterprise  Worked with Young Enterprise, Get Mentoring and IOEE Mentoring  Has supported hundreds of companies on all aspects of their business journeys EXPERIENCE: I started my business journey in September 2005 by becoming a certified business coach with the Worlds #1 business coaching firm. Since then I have helped hundreds of clients to achieved extraordinary results. I was trained by some of the best business coaches in the world during my induction in America where I studied and learned my trade. I am also a qualified emotional intelligence coach, again trained by one of the world’s leading emotional intelligence companies Roche Martin® MY BUSINESS: I started my business in 2005 having spent 30 years working for large blue-chip organisations where I gained a huge amount of experience running other people’s businesses, working with teams of people across multiple sites in Europe improving performance, Leadership & Management. I have a huge amount of experience that I can call on to help you and your organisation. TESTIMONIALS: Bill Fox helped get our business to where it is today. A happy, thriving, growing organisation. Bill and Kent BA provide practical and pragmatic assistance in terms of coaching and helping secure external funding. We recommend them strongly!" Data Management Company Bill has been an excellent coach, always supportive and encouraging. He has helped me think outside the box and explore options I hadn't even considered for my business. He tells it as it is and overall offers great support and advice for any new starter or an existing business in need of a boost. Thanks for all your help. Hand Made Furniture Company Bill is a great no nonsense guy that understands what it's like to run a business in the real world. You'll not get "fluffy" from Bill! You'll get great advice even if you don't want to admit it to yourself, he's invariably right! Damn it! He takes time to get to know you and your business and gives timely advice that you can grow & learn from. Thank you, Recruitment Company "Bill is thoughtful, considered and calm. He has a real-world experience and a measured approach. If you're looking for a supportive coach, Bill is your man." Community Volunteer Company Having been in business for over 20 years taking Bill on as my business coach was a difficult decision, working with Bill on my business for over 6 months now – I can certainly see the difference and wished I taken on a coach years ago. I’m working less and earning more and getting better results across the whole business." Blinds & Curtain manufacturer & Supplier

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