The Bank of England, reported that banks have made conditions for lendings to SMBs tighter. This resulted in decrease in lending rates to SMBs in June. According to a report on lending trends, by Banks’s, lending to small businesses squeezed in July, with all the businesses irrespective of size repaying an amount of more than […]
Majority of North Americans are happy being an SMB owner
A survey was conducted by Toronto Dominion, on about 1,213 companies having 5 to 50 employees, in 12 cities of North America, to know the attitudes and behaviours of the owners of small businesses. According to the survey, 69% of the small business owners in Canada were very happy with their businesses, while 31% of […]
Internet proves to be daunting for SMEs:
According to a press release issued by 1&1 Internet Ltd., 46% of the firms with 1 to 5 employees do not have web presence. They still don’t have their own company’s website. The company veiws, that this condition is seen despite the ease and low cost in getting a site. This is because of the […]
US SMB Website Penetration in 2010
According to the study of Cloud adoption of US Small and Medium Sized Businesses, conducted by Parallels, hosted services for US SMBs having 1 to 1000 employees is a $9 billion market with $4.9 billion of this spending in hosted infrastructure. In addition, the US SMB opportunities are around $13 billion and the hosted PBX […]
7 Out of 10 SMBs Plan to Invest in Social Media in the Next 12 Months
According to the Tech aisle research firm, seven out of ten small and medium businesses are planning to invest in social media in the next 12 months. Many of them are unsure of what they will gain by adopting social media. Tech aisle conducted a poll on US small businesses having 1 to 99 employees. […]
Social Media Usage by US SMBs is Continuously Growing Since 2007
According to the e-Marketer, Social media usage by US SMBs is continuously growing since 2007. Currently half of the US SMBs are using social media for finding new customers. According to the American Express Open’s spring 2011 edition “Small Business Monitor”, usage of social media for marketing has increased from 2010. About 35% (up from […]
Internationalization Helps in Having High Turnover: EU
Though a considerable number of European SMEs are invoved in international activities, only a small percentage is in to internationalisation, reports EU. Here, internationalisation refers to all activities helpful for SMEs to get in to a meaningful business relationship with a foreign partner. These activities are exports, imports, foreign direct investment, international subcontracting and international […]
Larger European Countries Internationalize More: EU
The European Union had conducted a study on European SMEs to know the latest level of internationalization, and derive reasons, recommendations and conclusions from it. From the final reports of the study, it was revealed that, though a considerable number of European SMEs were involved in international activities, only a small percentage were involved in […]
UK SMEs Opt For Teleworking
According to a survey by Behaviour and Attitudes for O2, on 300 SMEs, the number of SME directors teleworking or working from home, has doubled over the last five years. 50% (up by 25% five years ago) of SME directors in Ireland, telework at least one day a month. This has lead to the increased […]
Internet acts as a Recession Aid for SMEs:
Easynet Connect conducted a survey on UK SMEs, to know how they find Internet, to be their source for bailing them out of recession effects. The finding of this survey can be summarized as below: 65% of UK SMEs see internet as a helping tool to get them out of recession. 42% of the respondents […]