SME growth is essential to Great Britain. There were 5.7 million SMEs in the UK in 2018. They account for 99 per cent of the UK’s businesses.
Economic growth in the UK is in the hands of the many small and medium-sized enterprises. SMEs want to grow and overall many are doing well. Some are skyrocketing. But, largely as a result of Brexit uncertainty, some businesses are struggling or putting the brakes on growth.
So, what distinguishes the SMEs that, despite uncertain times, are still managing to achieve rapid growth?
Vision is one of the most important drivers of business growth. Without vision and passion, it is impossible to grow a business. SME leader and co-owner of阿尔忒弥斯营销迈克Knivett说,”我们have achieved rapid growth despite Brexit uncertainty. I believe we have achieved this by constantly thinking ahead, and anticipating and evaluating potential barriers to growth. It also comes down to business agility.”
“How do we do that? We have invested in an amazing operations director who takes care of the day-to-day so I don’t have to be involved in that. My head is on sales and defining a clear vision for the business. I also have a business coach. It is a business strategy that is working.”
Guidance and mentorship are key and can make a huge difference to the growth trajectory of any small business. There are already some successfulbusiness-led mentoring schemes在那里帮助小企业成长。很明显，领导力发展应该是经营战略的核心。
Vision is a key growth enabler.
在伦敦经济学院发表的论文中'Unlocking SME Productivity’, poor management practices are called out as one of the biggest obstacles to SME growth.
Research indicates that management practices could account for around 55 per cent of the productivity gap between the UK and the US. Better management practices can enhance operational efficiency and increase productivity.
Organisations must understand and interact appropriately with their stakeholders, from the workforce to trade partners, founders and the community in which they operate. Businessculture has a strong link to productivity.
The cultural, political and economic conditions of the UK, as well as economic conditions at the regional and local levels can be growth enablers or growth inhibitors for businesses, no matter what their size.
Brexit uncertainty is currently a key inhibitor for many of the UK’s SMEs – uncertainty isn’t boding well. Earlier this year, one third of the UK’s SMEs cited Brexit as a推迟增长的理由和投资。
Dun＆Bradstreet警告他们的最新报告Brexit和英国中小企业that the health of our small businesses will be critical to the country’s future. The good news is many SMEs aren’t saying they can’t grow – just that some are delaying investment.
“History has taught us that UK business is adaptable and innovative when confronted with new challenges and opportunities.
“It is precisely this adaptable spirit, combined with foresight and planning which will allow the businesses to weather the storm – and indeed thrive.”
促进资本报告，尽管经济存在不确定性中小企业想要成长- 事实上，45％的中小企业计划在未来12个月内增长 - 但虽然有增长的胃口，但许多企业缺乏资金。
Lending to SMEs in the UK has declined – The Credit Protection Association report that银行向中小企业贷款已经下降自2015年以来自3％。
But, as Boost Capital explains, there are behavioral barriers linked to the failure of securing capital – these, they say, are:
The government has put research and development (R&D) at the heart of its Industrial Strategy, aiming toincrease R&D expenditureto 2.4 per cent of GDP by 2027.