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This week, Axis for Business
explores the news that the UK small business sector is responsible for 1.9
million new jobs in 2014 and what this means for the sector going forward.
Axis for Business Aims to bring you the Small Business News You Need to
Know
In our role as a supplier of low
cost energy and telecoms, Axis for Business aims to provide our customers with
a first rate quality service. That’s why on this blog, we bring you the latest
news that you need to know as a small business owner.
Which is why this week, we had to
bring to your attention an article that recently featured on SME
Web. The article suggested that in 2014, the small business sector will be
responsible for the creation of a millions of jobs throughout the UK.
A New Survey by Direct Line for Business
According to new research
conducted by Direct Line for Business, small and micro firms in the UK are
planning to hire 1.9 million extra staff by the end of this year. This research
also found that 400,000 home-based operations are looking to hire their first
ever employee.
Furthermore, the research
revealed that employees joining small and micro companies in 2014 are slated to
work on average, a 28 hour week, whilst those joining a home-based company as
their first member of staff, should expect to work a 21 hour week. Meanwhile,
the study also discovered that average wages for the former will be £14,405 per
year, whilst average wages for the latter will start at £10,795 per year.
What Does This Mean for You as A Small Business Owner?
So what does this mean for you as
a small business owner? Essentially, not only will it benefit the national
economy, but it will inject £27 billion worth of wages into that economy,
generating significant capital for the UK going forward.
That capital will generate
opportunities for you to grow as a business, which will boost your bottom line.
The fact that it’s small businesses driving this growth, also shows Axis for
Business the strength of small business market right now. This strength should
continue to provide benefits for your profit margins as we enter the second
half of this decade.
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