Despite the fact that there is a lot of economic uncertainty spread throughout the UK, many British businesses are remaining optimistic about their growth prospects in the future. Santander just released survey results that show that on average SME owners expect to be able to increase their revenues by about 88% over the course of the next five years.
Due to the fact that the UK officially fell back into the recession during the start of 2012, you would expect that most businesses would be concerned about their futures and in the short term it does seem that most SME’s are careful about their business. However, long term, SME’s still believe that they have a large potential for growth and one out of every five even think that their business is in the best shape ever with plenty of growth opportunity ahead of them.
Expansion is clearly the goal of most SME’s with one out of every ten enterprises reporting that their goal is to employ new staff right now so that in the future they will be properly prepared to handle growth. When you look at the many hardships that most British SME’s have had to deal with over the last couple of years this optimistic attitude really speaks to the strength of the British business community.
In order to get the most out of their optimism companies need to take a good long look at the various ways that they can improve and make sure that they are taking advantage of every program and asset that they can. Investment is one of the top ways that businesses can earn more cash for investment since this will allow them to control their cash flow in a better manner and help free up some future investments in their own business in the future.