Feeds

Small biz stays nervous on recovery

Cost-cutting is focus, not chasing sales

High performance access to file storage

Small businesses in the UK remain focused on cost-cutting rather than expanding sales to secure their futures.

Although the coalition government is hoping the private sector will take up the slack left by big public sector cuts the latest survey of small and medium businesses shows a serious lack of confidence.

A survey of 385 small and medium businesses found 43 per cent planning to cut costs rather than spending more on chasing sales. Over half said continued business uncertainty is their biggest barrier to growth. 42 per cent said cash flow was their biggest concern.

Of those companies which are chasing export orders 72 per cent are mostly selling into the European Union. An equal percentage said their trading has already been hit by currency fluctuations.

Phil Orford, chief exec of the Forum of Private Business, said: "This research shows that the Government’s focus on an export-led recovery does have its issues – most notably that the eurozone, which is our main trading partner, is struggling. The problems in countries like Greece and Spain are impacting on smaller exporters in Britain and currency fluctuations, coupled with varying interpretations of EU regulations, are additional difficulties to consider."

Orford said chasing sales in China and India was an option but small firms needed help to access such markets. The survey was paid for Global Reach, which helps firms with currency transactions, and was carried out by the Forum of Private Business. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.