It’s good to know that despite the endless economic doom and gloom, plenty of small British businesses remain optimistic.
So much so that they’re set to create just under half a million jobs in the coming year.
GE Capital’s SME Employment & Optimism Pulse study showed a hearty 38% of the 1,000 businesses surveyed are planning to take on more full-time employees in the next 12 months. In contrast just 7% say they’ll probably lose staff.
An impressive 46% of us are optimistic about our sector’s growth prospects. But the level of optimism depends on the size of business. 56% of medium sized businesses are positive and 18% negative, whereas just 39% of micro-businesses feel positive and 47% negative.
John Jenkins, GE Capital’s Chief Executive, says, “Although the picture for UK job creation is positive, there are noticeable variations depending on the size of businesses and the region and sector in which they operate, highlighting the kaleidoscopic conditions experienced by the UK SMEs. It’s clear that the smallest businesses, which after all make up the backbone of the UK economy, may need further support to boost business confidence and realise their potential.”
It’ll be interesting to see how things pan out over the next twelve months. Will our collective optimism bear fruit and actually deliver more jobs in the SME marketplace? If the Brighton Business Curry Club is anything to go by, I’m predicting it’ll be a resounding ’yes’. Our members certainly look like they’re going places. Bucking the wider economic trend, they’re expanding and evolving fast, adopting new technologies and marketing tools, fresh strategies and imaginative solutions to today’s commercial challenges.
What about you? What’s your small business experience? What’s going on in your particular sector’s landscape?