What are your predictions for 2023 and how do you see the next year going for your business? Would you like to explore the key trends and challenges that SMEs are likely to experience over the coming 12 months? Our SME Business Survey is back, and this time it is set to be better than ever!
The study, originally launched during the pandemic in 2020, is live now for 2022 and is open to all small and medium-sized enterprises and focuses on key issues such as the impact of rising costs, and employee retention.
This is the third year that we have run the survey, which is used to gain a deeper understanding of the year ahead and discover how SMEs plan to navigate the changing business climate.
Our CEO, Greg Guilford, said: “The past three years that we have carried out our survey, have arguably been three of the most challenging years for SMEs for some time.”
Last year’s results
Last year’s survey found that SMEs were keen to manage their costs more effectively whilst also highlighting that recruitment was set to be a serious challenge. The survey allows us to do a ‘stock take’ on key trends for SMEs, and reflect on how the market is changing.
It also gives us the opportunity to support those enterprises that really need the extra help. In response to the challenges identified in the 2021/22 survey, we worked with a number of SME partners to deliver further guidance and support in key areas including business finance, employee retention and recruitment using webinars, seminars and detailed support packages.
Last year’s findings showed many SMEs were struggling with employee retention so HR Solutions teamed up with Vestd to discuss The Great Resignation and whether share and share option schemes could be the answer. Another webinar showed key ways to secure top performing employees within a challenging recruitment market.
The 2021 SME Business Survey results also showed that cash flow within businesses is more important than ever, so we partnered with Nordens accountants to look at
the importance of cash flow and forecasting.
Getting the most from the SME Business Suvey
The more people that take part in the survey, the clearer the picture is for us of what challenges need addressing and what support SMEs need right now. The work we do provides a wealth of material to enable SMEs to thrive and succeed, despite those challenges.
We are hoping to get a record number of participants this year. The survey is available online now and is quick and easy to complete.
Participants will be the first to receive our in depth SME market analysis which offers guidance and support on how to tackle the upcoming issues that are likely to affect businesses.
Have your say today
If you would like to take part in the 2022 SME Survey, you can share your thoughts and predictions for 2023 here.