Small businesses confident in credit crunch
Oct 08 2008
Most small firms realise the UK is on the verge of a recession but a majority expect their business to remain healthy or not to change, according to a new survey.
A poll from Evans Easyspace of 600 companies across the UK found 91 per cent predict their business will be good or to remain the same across the next 12 months, reports Choregus.co.uk.
Over three-quarters of the small businesses responding say they expect turnover to increase or stay the same across the next year.
In addition, 59 per cent of small firms report the credit crunch is not affecting their business, with most holding a broadly positive view for the future.
Tom Stokes, managing director of Evans Easyspace, tells the source that 'despite the doom and gloom which is currently being reported' small businesses say they are 'in good health' and plan to approach the next year with 'bullish confidence'.
Nick James, a Whitley-based businessman, recently advised small businesses to keep a keen eye on their cashflow over the next few months in order to survive the economic climate, GetWokingham.co.uk reports.
A poll from Evans Easyspace of 600 companies across the UK found 91 per cent predict their business will be good or to remain the same across the next 12 months, reports Choregus.co.uk.
Over three-quarters of the small businesses responding say they expect turnover to increase or stay the same across the next year.
In addition, 59 per cent of small firms report the credit crunch is not affecting their business, with most holding a broadly positive view for the future.
Tom Stokes, managing director of Evans Easyspace, tells the source that 'despite the doom and gloom which is currently being reported' small businesses say they are 'in good health' and plan to approach the next year with 'bullish confidence'.
Nick James, a Whitley-based businessman, recently advised small businesses to keep a keen eye on their cashflow over the next few months in order to survive the economic climate, GetWokingham.co.uk reports.
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