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UK Small business still suffering despite signs of economic recovery

A significant number of small businesses in the UK are still suffering despite signs of economic recovery.

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.

He added:

“Many people are putting off making decisions, particularly investment decisions, and stocking decisions until the outcome of the election is decided.”

Related articles:

No room for complacency, despite positive trade figures

New rules affect small business hiring staff

Small businesses cut training budget


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Discussion

4 thoughts on “UK Small business still suffering despite signs of economic recovery

  1. I wanted to thank you for this interesting I definitely loved every little bit of it. I have you bookmarked your web site to look at the latest stuff you post.

    Posted by e.moco | April 15, 2010, 4:02 am
  2. The Center for Media Research has released a study by Vertical Response that shows just where many of these ‘Main Street’ players are going with their online dollars. The big winners: e-mail and social media. With only 3.8% of small business folks NOT planning on using e-mail marketing and with social media carrying the perception of being free (which they so rudely discover it is far from free) this should make some in the banner and search crowd a little wary.

    Posted by Naveed ahmad | May 13, 2010, 6:37 am

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