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Small Is Beautiful (but tough)

Small Is Beautiful (but tough)

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Published by Regus
A global report into the state and status of entrepreneurial business.

Find out more about Regus:
http://www.regus.com/?utm_campaign=scribd
A global report into the state and status of entrepreneurial business.

Find out more about Regus:
http://www.regus.com/?utm_campaign=scribd

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Categories:Types, Business/Law
Published by: Regus on Nov 16, 2010
Copyright:Attribution Non-commercial

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11/28/2012

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 A global report into the state and statusof entrepreneurial business
November 2010
Small is
Beautiul
(but tough)
 
Regus Global Report|Small is Beautiul (but tough)|November 2010|Page 2
It’s always challenging to be an entrepreneur. It comes with the territory. I know,because I’ve done it mysel. At the same time, we don’t expect things to be easy. As they say, when the going gets tough, the tough get going. So perhaps it is nosurprise that our latest global survey (which uniquely canvasses the opinion o entrepreneurs globally), tells us that we are more stressed, and are acing morechallenges than the generality o businesses.On the other hand, governments the world over are recognising the contributiono entrepreneurial SMEs (over hal the world’s turnover) as well as their lexibilityand ability to generate rapid growth. Those same governments are attempting totake initiatives to help oster SME development. Yet our survey reveals that theentrepreneurial community remains largely unimpressed. Globally, it has becomemore diicult to set up a business; SMEs eel their interests are ignored bygovernment in avour o larger corporates; and, access to the credit, which is neededto take advantage o the economic recovery, is still very tight.Something has to change. This survey reveals the priority support which SMEs arelooking or. Now it is up to governmental bodies to address those key concerns, andconcentrate on the kind o help that is genuinely going to help the sector develop.
Introduction
Mark Dixon – Regus CEO
 
Regus Global Report|Small is Beautiul (but tough)|November 2010|Page 3
Management Summary
 
`
Small-to-medium sized businesses still eel ignored by government, ignored by thepress, unable to access much needed credit, and highly concerned that they willhave enough working capital to take advantage o the economic upturn 
`
In a survey which uniquely canvasses the opinions o entrepreneurs worldwide,SMEs are telling government that setting up a business has become more, notless, diicult 
`
In addition, dedicated government-backed venture capital unds (86%), eectivepressure on the banks to lend to smaller businesses (74%), and enorceable legalpenalties or late payment (72%), are the priority areas or SME support 
`
Despite all this, the entrepreneurial spirit remains undaunted by these challenges,with a higher proportion o entrepreneurial SMEs, compared with businesses as awhole, investing in economic growth by hiring new sta  
`
Moreover, SMEs are considerably more advanced than their larger counterparts intheir attitude to lexible working practices and locations or employees, and just aspositive about hiring working mothers 
`
Entrepreneurial small-to-medium sized enterprises (SMEs) are just as important tothe economy as larger corporations, and will be an equal engine o growth in theemerging economic upturn 
`
 Yet, given that SMEs are to play such a major role in economic growth, aregovernments giving their SME sector the support they need? 
`
Regus research has revealed that most entrepreneurial SMEs eel that it hasbecome more diicult to set up a business (59%) in the past two years, thatnational government overlooks their interests in avour o big business (75%)
`
SMEs are nevertheless investing in growth, with 40% intending to hire new sta over the next six months –a higher proportion than larger businesses (36%). This isdespite the act that entrepreneurial SME perormance has only just stabilised, withrevenues up 6%, but proits lat
`
Interestingly, entrepreneurs are just as enthusiastic as larger corporations aboutlexible working practices – such as non-standard working hours, virtual oiceusage and using remote workcentres close to the employees home. In act agreater proportion o entrepreneurial businesses (76%) oer lexibility over worklocation, compared to corporates (66%) 
`
Since entrepreneurial SMEs are by deinition more volatile businesses than largercorporates, it is not surprising to see 56% o entrepreneurs reporting risingpersonal stress levels 
`
However, the top three causes o stress are extremely revealing. Naturally, ‘
falling revenues/profits
’ comes top, but is closely ollowed by ‘
 lack of working capital to invest in the upturn
’ and ‘
 late payment
’, corroborating the view that access tocapital and cash low management are the two greatest threats to entrepreneurialSME growth
Entrepreneurialsmall-to-mediumsized enterprises(SMEs) are just asimportant to theeconomy as largercorporations, andwill be an equalengine o growthin the emergingeconomic upturn

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