What Small Businesses Think About The Olympics

OLYMPICS П WHAT BUSINESSES THINK With the London Olympics taking place amidst a challenging economic backdrop everyone is keen to predict the impact of the 2012 Games on London's business community. Executive Offices Group has completed a survey of their virtual office customers which reveals much about the attitudes of London's small business community in the run up to the Games. Only 1 in 10 Believe The Olympics Will Have A Positive Short Term Financial Benefit For Their Business TMIITIITTI *11.1% believe there will be a positive benefit, 13.3% a negative impact and 75.6% no real impact Although Over Half Believe It Will Be Beneficial To London Overall 51% Positive 35% No Impact 14% Negative 1st (2nd 3rd How Prepared Are Businesses For Travel Disruptions? UNDERGROUND 96% Adequately Prepared 4% Not Adequately Prepared How Workers Are Adapting To The Olympics: No Change 36% Working From Home 33% Less Meetings 31% Flexible Working Hours 24% Going On Holiday 9% Alternative Transport 7% Video Technology 4% *Respondents could choose multiple options Long Term Financial Impact Of The Olympics Some view the Games as an opportunity to cement new international relationships 15% 81% 4% Long Term No Difference Negative Effect "I am working with 80 high Benefit net worth clients from Asia as a result of the Games. | hope to maintain these relationships which will certainly boost my company's profitability." Jason Broy of Ting Ltd Optimism For Business Growth In 2012: 72% Optimistic About Growth and Success 17% Unsure What The Year Will Hold 11% Finding Conditions Challenging EXECUTIVE OFFICES GROUP