10:28
Unknown
This week Axis for Business
discusses a new study that shows that UK small business confidence is at a four
year high, and what it could mean for your profit margins.
The Role of Perception in Business
As an independent energy and
telecoms provider, who work to make real savings for SME’s across the UK, Axis
for Business understands the role of perception in business.
They have a symbiotic
relationship. If business leaders have confidence in a particular market, then
people are persuaded to invest more in said market. That allows the sector to
grow and widen profit margins, inspiring further confidence. That is why it is
so importance that SME leaders are feeling so confident.
UK Small Businesses Some of the Most Confident in Europe
According to Startups.co.uk, the
Sage Business Index has in fact shown that UK small businesses are some of the
most confident in Europe. A new study by the index of 13,170 SME’s revealed
that confidence
has hit a four year high.
The survey revealed that 66.29%
(two thirds) were “optimistic” about their company’s prospects, a 3.74% rise on
last year. Meanwhile, 63% predicted that they would see a growth rate of 3.5%
over the next year.
The UK Economy is Going from Strength of Strength
Sage UK and Ireland’s chief
executive, Brendan Flattery commented on the survey’s findings. Flattery said:
“With the UK economy continuing to go from strength to strength, businesses
have been in a buoyant mood in the last 12 months.
“Nearly two thirds of businesses
in the UK expect to see their business grow in the next year. That shows
they’re feeling very self-assured, as the UK economy charges ahead of the rest of
Europe.” This is backed up by the fact that these figures put business
confidence in the UK ahead of competitors in countries such as Germany and
France.
Increase Your SME’s Profit Margins
Posted in 
