Deloitte Seeking Views Of UK Entrepreneurs

Network Sites

Your are here: Home

News

Deloitte Seeking Views Of UK Entrepreneurs

Wednesday, August 25, 2010

Accounting and business advisory firm, Deloitte earlier this month launched the 2010/11 edition of its annual 'Entrepreneurship UK' poll, seeking to provide a snapshot of the attitudes and intentions of entrepreneurs across the country.

Commenting on the survey, which will be used to put together a report of the same name, the third such resource that has been compiled by Deloitte, Tony Cohen, head of the entrepreneurial business practice at Deloitte, explained that:

“When we launched the results of the 2009 survey, we were in the midst of exceptional times and the recession had exposed frailties in businesses of all sizes. 98% of the entrepreneurs who completed our survey admitted a competitor would be able to spot weaknesses in their businesses allowing them to take market share. As a result, growth took a backseat to survival for entrepreneurs with a fifth expecting to see no revenue growth in their business in 2009 (versus 7% in 2008)."

He continued:

“The business landscape has changed significantly over the last 12 months. The UK economy is making tentative moves out of recession and we find ourselves entering an age of austerity. Those entrepreneurs that took the tough decisions last year, putting in place the necessary measures to ensure they rode out the storm of the recession, should now find themselves in a far stronger position in 2010. We look forward to receiving responses from entrepreneurs and gauging their confidence for prospects in the coming months.”

The 10 minute poll is open until the end of September, and participants will receive a copy of the resulting report, which will also contain business advice based on the survey's findings.