Going for Growth: UK company growth strategies to 2021 summary

Описание: Our nationwide research project explores how 530 privately owned UK businesses grow, the barriers to growth they encounter and where they are looking to expand. The research has been published in our Going for Growth: UK company growth strategies to 2021 report.

To download your copy of the full report, please click here: https://krestonreeves.us4.list-manage...

We have been advising growing businesses for more than 100 years. Over the summer of 2018, we set out to discover how privately owned businesses approach growth, their hopes and aspirations, the challenges to growth and what can be done to overcome those challenges.

Highlights from the Going for Growth report include:

60% of businesses have grown by more than 25% over the past three years.
58% of businesses remain positive that they will grow by more than 25% over the next three years.
34% expect to see growth come from investment in new technology.
31% of businesses will finance growth through retained profit.
21% believe business uncertainty to be the biggest barrier to growth. Access to funding (20%) and increased competitor activity (20%) follow closely behind.
35% of businesses fail to scenario plan and prepare for eventualities that may impact their business.
35% of businesses have no international aspirations at all.
28% say they are unable to resource international expansion, with - 27% saying the lack of experience holds them back.
32% say they would like help in finding international customers.
47% see Brexit as a business opportunity, with 45% saying their growth plans have been positively affected by Brexit. Just 24% perceive Brexit as an obstacle and only 24% think it has negatively affected their growth plans. The remaining businesses remain uncertain.

If you'd like to learn more, please do download the full report here: https://krestonreeves.us4.list-manage...