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January 28, 2011

Recovery on the horizon

Good news for small businesses this week, as a study by The Open University Business School has found that over a third of a SMEs are reporting growth, rather than decline.

Some 37 per cent of companies saw higher sales in the third quarter of 2010 than in the same period in 2009.

The report also found that sales figures has improved consistently in the last five surveys, indicating a stready growth.

The growing businesses came from most sectors, apart from the smaller retailers. Increased employment and increased investment was biggest in the South West of England.

Director Sue Higgins says: “This is great news, while there will be some businesses still suffering a loss in these challenging economic times, it is good that so many SMEs have started to see such positive results. One of the key ways to ensure you can survive difficult financial times is to ensure your processes and business operations aren’t costing you more money than they need to be. Streamlining what you do and how you do it is crucial. If you want some advice and guidance on the areas and ways you could save money, speak to our experts here at Inspira.”

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