Tuesday, September 09, 2014

SME Confidence Has Grown on a Global Scale

According to the sixth annual Hiscox "DNA of an Entrepreneur Report 2014," small firms across the world reported a rise in profitability and hiring activity based on a survey that’s designed to offer an “insight” into the mood and financial stability of the SME sector.

As the report says, entrepreneurs are "turning the corner, but still a way to go."
This study was conducted for specialist insurer Hiscox by The Survey Shop. The sample was drawn from online panels contacted between 28th May and 6th June 2014. There is statistical accuracy of +/- 1% to +/- 2% for the whole sample of 3,500 [with less than 50 employees] and +/- 2% to +/- 4% for each country’s sample except the UK which is +/- 1% to +/- 3%.
One of the key points in the report is:
Despite the growth in confidence and overall business optimism, more than a third (34 per cent) of SME owners feared being unable to attract new customers, while 31 per cent were skeptical regarding the government’s ability to support small businesses.

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