Just one in five small business owners believe the recent Budget will have a significant impact on their firms, a new study has indicated. Research conducted by the Forum of Private Business (FPB) indicates that just 22 per cent are factoring the Budget into their plans for 2010.
Even fewer firms think the general election will make a major difference to their activities – just 19 per cent. The study found that day-to-day concerns are much more likely to be at the forefront of owners' minds, with sales and turnover an emerging issue for 77 per cent, while 71 per cent and 69 per cent respectively said they were thinking about profitability and cash flow. In addition, staffing was said to be a major concern for 60 per cent of business owners.
FPB research manager Thomas Parry said the study pointed to a certain amount of cynicism about this year's Budget. "A lot of business owners are simply presuming that there's going to be another budget straight after the election so they're not paying it too much attention," he added. "The things they are concerned with at the moment are the more pressing issues associated with running a business in a struggling economy."
APA
Even fewer firms think the general election will make a major difference to their activities – just 19 per cent. The study found that day-to-day concerns are much more likely to be at the forefront of owners' minds, with sales and turnover an emerging issue for 77 per cent, while 71 per cent and 69 per cent respectively said they were thinking about profitability and cash flow. In addition, staffing was said to be a major concern for 60 per cent of business owners.
FPB research manager Thomas Parry said the study pointed to a certain amount of cynicism about this year's Budget. "A lot of business owners are simply presuming that there's going to be another budget straight after the election so they're not paying it too much attention," he added. "The things they are concerned with at the moment are the more pressing issues associated with running a business in a struggling economy."
APA
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