Business development · 4 January 2016

Vast majority of UK’s small business owners optimistic about growth prospects in 2016

business owners optimistic
Some 40 per cent of micro enterprise leaders are extremely optimistic? about 2016
Almost three quarters of Britain’s small business owners think their firms will have stronger growth prospects in 2016, according to a new poll by AXA.

The survey revealed that some 40 per cent of micro enterprise leaders are extremely optimistic? about the coming year, while one third are more cautiously positive.

AXA business insurance MD Darrell Sansom, said: Up and down the country, small business owners are telling us they’re feeling positive about the New Year and excited about what 2016 has to bring.

of course we know that running any business has its challenges and it’s not always an easy ride but most people we talk to are excited about the future. They tell us they do now see real opportunities out there, and they are looking to take full advantage.

The insurer also found that small firms plan to focus on improving customer experience, innovating and diversifying in order to turn these positive predictions into real growth.

Additional new research from alternative SME lender Fleximise revealed that half of small firm leaders expect their monthly revenue to increase in 2016.

The study found that almost one quarter of those surveyed were aiming to secure additional funding to help them grow in the next 12 months.


 
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ABOUT THE EXPERT

Hannah Wilkinson is a reporter for Business Advice. She studied economics and management at Oxford University and prior to joining Business Advice wrote for Kensington and Chelsea Today about business and economics as well as running a tutoring company.

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