Hitachi Capital Business Finance's programme of quarterly research insights amongst Small Business owners provides the narrative behind the current economic & market issues facing the SME community and their outlook ahead.
New research suggests that even though the nation will meet the ending of social restrictions with excitement and optimism, many small business owners remain alert to potential economic disruption that may still lie ahead.
The latest edition of our quarterly Business Barometer research reveals that more than three in four small business owners (78%) are working on plans to strengthen their enterprises in the next 12-months.
The latest research from our Business Barometer survey has found that small business growth forecasts have increased. Nationally, 36% of small businesses say they are predicting growth, while less respondents (7%) say they fear collapse.
New Survey reveals more than three fifths (62%) of people who originally voted to remain in the EU believe there will be favourable outcomes for British businesses following the UK’s decision to leave Europe.
There are many personality traits that contribute and define Small Business owners, all entrepreneurs certainly work extremely hard and love what they do even if it is rarely glamorous, risk taking or disruptive.
We wanted to explore the different nature and characteristics of people that make up our small business community to see how these shape and define many aspects of running a business.
The Covid-19 pandemic has changed every aspect of our lives in 2020 - and the economic impact is yet to be fully understood. While many business sectors switched to remote working routines, others simply could not.
Our findings from the 2020 research – from before COVID right up to the eve of Brexit, are shared in the full report.
After a challenging 12-months, small businesses resilience has not wavered as we start a New Year. Nationally, 83% of small firms say they have a fresh set of goals in place to secure the growth for the year ahead.
Our study found that while intent to secure growth is consistent with levels recorded 12-months ago, plans on how to achieve it have changed.
Three in five bosses have planned COVID-friendly Christmas work events for their staff, from new research we have carried out, but the kind of Christmas function you have is likely to be dependent on the personality profile of your boss!
We surveyed 1,004 small business owners, made up from those who described themselves as introverts (67%) and extraverts (33%).
Following a concentrated period of uncertainty, our new research has found a significant proportion of small businesses are considering finance to enact their plans for 2021, as confidence "gradually returns".
This edition of the ‘audiences in focus’ insight series looks at a new generation of tech-enabled small business start-ups; enterprises that launched in - and are products of - the new digital era and fully use technology in the way they offer services, market to customers and enter new markets.
This edition of Hitachi’s ‘audience in focus’ insight series looks at how the UK’s most traditional family small businesses have steered their companies and employees through the COVID storm. This new snapshot report is based on research we conducted in July 2020, a key time when smaller companies were re-emerging from lockdown and giving thought to adapting, rebuilding and – for some – growing their enterprises.
The day after the Government announced its three-tier Covid restrictions, our new Business Barometer research suggests the avoidance of a second national lockdown and certainty of direction until March has had a positive impact on UK small business confidence.
Our latest Business Barometer survey clearly indicates that small businesses are looking to keep their financial house in order and to get in shape for the coming months, with a big rise in the proportion planning to keep costs down (61%) up from 39% at the start of 2020.
New research by Hitachi Capital Business Finance has explored the challenges businesses led by single parents face. The research surveyed more than 300 single parent business owners asking about how they started their business, running their business day-to-day, and plans for the future.
One in seven small business owners (14%) say they are transitioning towards becoming fully or mainly online enterprises since the outbreak of the Covid-19 pandemic in the UK, according to new research from Hitachi Capital Business Finance.
New research from Hitachi Capital Business Finance has found that single parent business owners work some of the longest hours in the country and are 20% more likely to be working this bank holiday than the average small business owner.
A late payment crisis is hitting the small business community. Two thirds of small businesses say they have been affected by their customers failing to pay them on time – a particular issue for larger small businesses that employ between 10-49 people and those that have been trading for 35 years or more. These findings come at a time when an estimated 50,000 businesses collapse due to late payment issues.
As the UK approaches the Brexit deadline, we asked small business leaders across the UK what they were doing over the summer to secure growth during a period of economic uncertainty. Almost two thirds of respondents told us they were maintaining a positive outlook and were working on summer initiatives to nurture growth. In additional one in five business owners said they were starting to look overseas so they could expand into new markets.