Small Business Growth

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Information about Small Business Growth
Business & Mgmt

Published on February 6, 2014

Author: Ascarii



All businesses want to grow. Opportunities are increasing and more funding is becoming available.
So, what’s driving growth for today’s small businesses
and what are their expectations for the future?

SMALL BUSINESS GROWTH All businesses want to grow. Opportunities are increasing and more funding is becoming available. So, what’s driving growth for today’s small businesses and what are their expectations for the future? STATE OF THE MARKET ascarii leaf green In the last 12 months: ascarii gold ascarii petrol blue 31% achieved growth above expectation 60% met their growth expectations ascarii blue 9% didn’t meet their target ascarii orange ascarii grey BUSINESS GROWTH TARGETS But small businesses have different growth targets: 22% Average rate of growth over the next two years 20% 53% 27% “Accelerators” Want to grow faster than industry standard Want to grow in line with their competitors “Stabilisers” Don’t mind if they grow faster or slower than their competitors MAIN CHANGES NEEDED FOR GROWTH 67% Evaluating and challenging their existing business processes 36% Increase efficiency / productivity 34% Improve employee engagement 34% Upgrade their IT infrastructure 32% Improve resource planning 28% Improve customer insight BIGGEST BUSINESS CHALLENGES 34% money & finance 31% innovation 18% management 17% technology DRIVING GROWTH Main areas of the business driving growth: Main changes driving growth: 57% 46% 65% 77% Sales Marketing greater integration across the business using cloud technology Grow with the right software If you’d like to grow your business and bring in greater integration, you need the right software. By joining up your business processes - including CRM, accounting, stock and purchasing - it’s easy to get the right data. Our software grows with your business and because it’s in the cloud, you can access it whenever you need it, wherever you are. Visit to see how we can help your business grow. Data from SAP.

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