Business Problems Survey - Post Recession

Business Problems Survey Compilation 2 Q.What do economy problems mean specifically? A Compilation of the results from 5 Surveys asking over 30,000 uk & Eu businéss owners what they thought were the biggest challenges to their businesS. 84% uncertainty about the future 35% 72% 42% Lack of Demand Here are the top 3 results bl6% Increased Costs Other 35 cent said 48% per the 'ecor conomy 12 per cent said cash flow Increased Competition 10% Cashflow 12% 11% 20 40 60 80 O0% I per cent said competition 3. Cause of Cashflow Problems "Looking at the underlying cashflow difficulty, the most common one mentioned was ... causes 4 Is it tougher out there? (73% a fluctuating income combined with steady outgoings 2012 38 per cent increase in uk business numbers (mentioned by 73 per cent of those with cashfiow difficul- ties)" (BIS. SBS 2012) since 200O 4.79 2000 2012 2000 million 10F Average business turnover by s- business size growth/decline Comparing 2On & Large 3.46 Vs Medium million 2012 Small you then you now Micro 2. Owners Number of businesses 9.2% 04% -2 -2.4% -2.9% +19% Growth/Decline in sales based on turnover band Q3 +1% li Medium and large businesses are ñot suffering the same as small Businesses are - they are growing -4 -3.9% 15 2012 +I0% 10 -6% -1% -7% £500k+ £lmt £5mt How are they they doing it?? İ<£100k £250k+ -10 £100k+ -15 PRODUCTIVITY - Average turnover per employee by business size +106% £200000 Video can help you bridge the productivity gap. +118% Percentage Improvement £I64,178 Discover how to' at videogle.couk over previous size band +12.1% £154,824 Large £150000 ► VideOgle +203% £130,892 £108,150 Medium £100,000 Small Sources The Open university Business School - Quarterly Survey of Small Business in Brit- ain Q3 2012 LO86 réspondants Department for Business Innovation & skils - Small Busincss Survey 2010 4,580 respondants Department for Business Innovation & skils - Results from the 2009 Q3 Finance Survey of SMES 1250 respondants Department for Busincss Innovation & skills - Business Population Estimates (BPE) for the uk and Regions 201 Department for Business Inovation & skils - Business Population Estimates (BPE) for the uk and Regions 2012 Department for Business Innovation & skils - SME Business Barometer February 202 G67 respondants European Commission Eurostat - Access to fnance statistics 2010 25,000 respon- dants £53,256 Micro £50,000 Just the Ownerls)