Quarterly survey of small business in Britain 2005 Q1

Quarterly survey of small business in Britain 2005 Q1
Document type
Survey
Corporate author(s)
Open University Business School. Small Business Research Team
Publisher
Open University Business School
Date of publication
1 April 2005
Series
Quarterly Survey of Small Business in Britain. Vol. 21; Number 1
Subject(s)
Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship
Collection
Business and management
Material type
Reports

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This survey of small businesses conducted in January and February 2005 reveals that the government regulations and the total tax burden are the top two problems facing Britain's small firms. Reducing red tape and lowering tax are thought by small businesses themselves to be the best ways for government to promote small business growth, rather than targeted measures. Over a third of businesses, though, wish to remain at their present size. Only 13% want to grow to a certain number of employees, though few choose to measure growth in terms of employment. Most believe that finding new customers is the most important route to growth. More firms than in the previous survey have grown over the past year and optimism about growth in the current quarter is on the up.

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