Quarterly survey of small business in Britain 2004 Q4

Quarterly survey of small business in Britain 2004 Q4
Document type
Survey
Corporate author(s)
Open University Business School. Small Business Research Team
Publisher
Open University Business School
Date of publication
1 January 2005
Series
Quarterly Survey of Small Business in Britain. Vol. 20; Number 4
Subject(s)
Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship
Collection
Business and management
Material type
Reports

Download (4.1MB )

Your use of this content is subject to the terms and conditions of this portal

This survey of small businesses conducted in November and December 2004 reveals that Britain's small firms are playing a very big part in local development. With fewer reporting falling sales, small firms have rallied economically this quarter. More than half consider themselves to be an important part of their local communities, especially the small retailers, hotels and restaurants. Despite continuing to feel hemmed in by government regulations and paperwork, which remains as their top problem, and under pressure from the general economic climate (still the second most mentioned problem), two-thirds of small firms boost their local economies through the payment of rates and other local charges and more than half report that they provide local jobs. On balance, small firms remain optimistic about their sales prospects but negative on employment in the next quarter. With many small firms increasing their selling prices and the lack of skilled employees persisting as the third most mentioned problem, there is a hint of inflationary pressures.

Related to Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship

Motivations to scale: how European entrepreneurs think about growth and finance

Downloadable report aiming to explain why few startups scale

BEIS small and medium enterprises sme action plan

Downloadable report on the SME Action Plan

Business support evaluation framework

Downloadable report on the BEIS Business Support Evaluation framework

Law Commission report on consumer prepayments on retailer insolvency: government response

Downloadable report on consumer prepayments on retailer insolvency

More items related to this subject