Business Advice For Small Businesses Is Needed In The UK

Business advice for small businesses is a rapidly increasing need in the UK. Data from the government Department for Business Innovation and Skills shows that the total business population has shown sustained growth since the year 2000. There are now many more private companies than ever before in the UK.

Small businesses now constitute over 99% of all private sector businesses, their value to the economy is without question and their survival depends, at least in part, on access to the right information at the right time. The total number of staff employed in SMEs was 15.6 million in 2015, which represented about 60% of all private sector employment. This also has financial implications, with these small firms having a combined annual turnover of £1.8 trillion in the UK. This is approximately 47% of all private sector turnover. SMEs can have a huge financial influence on the local community, employing local people, providing support for big companies buying and providing services and products. Small businesses may not have the resources or expertise they need in every area of business, so the need for accessible, engaging small business advice grows daily. Lack of access can have a detrimental effect on a business, and the loss of one small business in a community can have a rapid knock-on effect. Additionally, the rapidly changing climate in world markets, means there is a growing need to provide relevant and accurate SME news that allow SMEs to plan and develop contingencies for any changes, and which provides a platform for sharing ideas so small businesses can support each other.

For support that will help your SME reach its full potential, visit http://smeforgrowth.co.uk/. Our website is designed to give accessible, collaborative business advice for small businesses. You can subscribe to SME for Growth to receive regular newsletters and updates via our online form. Contact us by phone on 020 8438 0616 or email info@thebusinesschannel.tv for more information.