A recent report by uSwitchforbusiness.com shows that, despite the economy showing signs of recovery a whopping 71% of small businesses reported that they had seen little to no improvement in trading conditions when compared to 2009.
The small business expert for uSwitchforbusiness.com, Jake Ridge, commented:
“They’ve been through a white knuckle ride and most are not expecting a smooth landing.
“In fact, 62% are bracing themselves for a further downturn in the economy before it starts to pick up steam again.”
The Director of the Business Growth programme at Cranfield School of Management, David Molian, believes that uSwitchforbusiness.com’s report reflects the nature of the small business sector.
However, he added that very few small businesses show consistent, sustainable growth so it would be odd to expect many to report a significant upturn in business.
“Many people are putting off making decisions, particularly investment decisions, and stocking decisions until the outcome of the election is decided.”