Major Developments Major Developments by Calendar Year

August 26, 2010

Small Business Confidence is Still Delicate in Second Quarter of the Year 2010: FSB Report

Filed under: Small Business — Tags: , , — Winson @ 7:02 AM

According to the recent survey, the business confidence showed a decline over the second quarter of 2010. The recovery is delicate and much more effort is needed to encourage growth in private sector.

According to the FSB ‘Voice of Small Business Index’, shows only a net four percent of respondents believe that business prospects will improve in the third quarter of the year, down from 16 per cent in March.

As per the survey, around 67 percent of small firms are operating below capacity when compared to those in manufacturing sector which is growing much better than service sector firms

It also highlights that the UK economy is still on way from a full speed recovery. It has 64 percent of firms in the South-East which are likely to be working under below capacity that else where in the country.

Key findings from the quarterly report show:

  • There is decrease in the confidence in the small businesses every month since March. 16 percent of small firms use to believe that there will be an increase in the business prospects which now is down to 4%.
  • Though the ratio of businesses has decreased slightly from 70.5 percent to 66.6 percent, majority of small businesses are still operating below capacity, since the last report.
  • Compared to manufacturing, firms which are operating below capacity are more in service sector. These are more likely to be based in the south-East.
  • There is no expectation of improvement in growth of revenue as it is weak, in the next quarter.

April 15, 2010

Promising Online Shopping Market Of UK Till 2013

Filed under: Business — Tags: , , , — Winson @ 6:43 AM

Online shopping market is the more promising and fastest market in current business world. As per the report of e-retail, e-commerce is rolling with golden opportunity and capable to oppose any economic crisis.

UK has one of the fastest growing online retailers. They made £30bn online spending for the next year despite of increasing competition in the segment. UK online retailer, set to reach £2.4bn this year, and expected to reach £31.2bn in 2013. This will be equivalent of a 10 per cent slice of the total retail sector. For current condition of market, individual retailers formulate two clear strategies:

  • Succeeding through the recession
  • Targeting growth beyond the present growth

The total retail market maps this year only 0.6 percent growth. But online market made a 13 percent growth and people are planning to spend more on the e-commerce. Online shopping creates a huge competition with the non-online retailer. According to Pinkerton, Success depends on a company’s ability and a consistent shopping experience across all channels has high difference and propositions.

Hence, all major development visualizes a better market scenario for UK online market. They will be capable to oppose against any financial and other kind of problem.

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