Small Businesses feel the Crunch
| Published: 10th May 2008 10:47 |
LOCAL BUSINESSES FEEL THE CRUNCH
UK small businesses believe that the current credit crunch and time management are two of the major challenges facing them today.
The findings were revealed at a number of Seminars held across the Midlands in March and April of this year.
The poll also showed a decline in corporate deals since 6th April 2008 as purchasers are not able to raise the necessary capital. Companies are also less inclined to spend money on training and investment, which could have a negative effect on continued growth and staff development.
Despite these revelations, many companies continue to believe that the internet and e-commerce investment is improving communications with their customers, providing more direct access to product information via their websites. It has also helped to increase the buying and selling process.
The poll also revealed that owner managed businesses are making a concerted effort to reduce their personal and business carbon footprint. Measures being taken include continued effort to make business premises more energy efficient; recycling paper and other waste products; stricter control over office heating; a move to lower emissions vehicles and a sharp increase in the number of people working from home.
Article provided by Burgis & Bullock - www.burgisbullock.com
