Business confidence seems to be on the rise, with 60% of small businesses reporting that they expect to see their business grow in the next 12 months.
The new Geared for Growth Report from Talk Talk Business revealed many small businesses are confident of growth despite the difficult economic climate.
Just 5% of small businesses said they expect to shrink this year. Around half (52%) said their growth ambitions are ‘modest’, and 10% cited business growth as their top goal for the year ahead.
The report also explored the factors contributing to business growth. Nearly 80% of companies said technology is the ‘tipping point’ for success, with 22% saying the employee skills gap has affected them.