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BBC Tracks Growing Confidence In Small Biz Owners


No declines since April

For some time, about the best we could hope for while tracking various optimism-measuring small business reports was that lots of people wouldn't sink into clinical depression; even neutral (overall) feedback has been hard to find.  But the BBC's now delivered with a study in which no one felt worse on a month-over-month basis.

Here's one important note: the BBC's been talking to the owners of these firms for quite a while (see our May or even January report), so it's not like ten Pollyannas were handpicked.  At other points in the study's duration, the surveyed individuals have felt significantly less happy.

The most recent results are as follows, though: out of the ten UK small business owners, seven reported an unchanged level of confidence since April, which leaves them at an average level of about 7.6 out of 10.  And that seems very generous, really, given all the economy's been through.

Then, with regards to the remaining three small business owners in the sample group, things are looking quite good.  Their confidence increased after April passed, putting them at an average level of 8.3 out of 10.  It's hard to imagine the ratings going much higher than this under any circumstances.

In fact, some of the concerns the owners expressed related to Christmas and an expansion, so they're apparently able to look to the future and are not exactly facing a lot of immediate pressure or problems.  (Another persistent concern tied to ever-problematic bank support.)

So little firms in the UK appear to be making progress.  Let's just hope that the BBC's group of small business owners is a representative sample, or at least that other small business owners are feeling about as hopeful.

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News Tags: Management, UK
About the author:
Doug Caverly is a staff writer for SmallBusinessNewz.

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Small business recovery by BBC

I have noticed that the telephone is ringing a bit more and I'm receiving emails about asking for quotations and offers.  Only a fraction of this is turning into sales, but nevertheless, I'm feeling a bit more optimistic than I did a few months ago.  Rgds Vince

BBC Small business recovery

I haven't seen too much change in the market for some considerable time.  However, in this downtime we have invested a great deal in new innovative products so that when  the recovery begins, we'll be in a good position to capture a new market share.   Vincent

slow in the displays world...

Hi Doug,

I'm in the tradeshow displays biz and the summer is normally a slow time. This year seems a bit slower than normal, which makes it a good time to use vacation time!

My friends seem to all be a step away from the "clinical depression" you mention with their work/businesses, so I hope you are right and things pick up.

We're planning on a booming fall for display sales this year. Let's hope we're right.

Anyway, thanks for the upbeat report! Steve (aka "displays")

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