SMEs optimistic about next year
Oct 20 2009
“The only way is up, say small businesses”
Small businesses believe the economy is on the road to recovery.
Some 75 per cent of SMEs say the economy will see an upturn in 2010, with 61 per cent confident about their business prospects for the coming year and 35 per cent predicting an improvement by January 2010, according to BT’s 2009 Business Pulse report.
Mike Hegarty, strategy director at BT, says: ‘Our findings show that we are at a tipping point. Despite the obvious knock to confidence, positivity about when the upturn will come is encouraging.’
Of the 7,200 respondents surveyed, 45 per cent say their business operates for the better as a result of the downturn – with 54 per cent of those reporting a reduction in spending and 26 per cent seeing an improvement in the way they market their business more effectively.