We gather all the best small business news for the blog daily. But don’t worry if you’ve missed anything this week – here’s our quick roundup of small business news from the past seven days:
Last Friday, a study revealed small businesses are struggling to grow due to a lack of expertise. Of the small businesses surveyed, 44% said they don’t understand how to achieve business growth, and 30% could not define a growth strategy.
This week started with the news that customers now expect after hours, online support from small businesses. Overall, 53% said they would buy more if small businesses were available outside 9-5 hours and 40% want to contact them on social media.
On Tuesday, we told you business lending has dropped by £300m, despite high profile government schemes. The Funding for Lending Scheme, aimed to boost finance for small businesses, has so far failed to live up to expectations.
Next, we found that small business owners are confident, despite the high failure rate. A survey revealed 86% of small business owners think they can do anything they set their minds to, and 77% would rather learn from failure than never try.
And yesterday, it emerged that young men are dominating the small business scene. Research found that women and the over-50s are shunning entrepreneurship in favour of steady jobs.
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