Tuesday, January 8, 2013

86% of businesses predict up to 20% growth in 2013

According to a GrowthAccelerator study of 500 business owners, 86% of them are expecting growth of up to 20% in 2013., despite the majority of participants acknowledging the challenges that the recession will continue to present for business.  Launched in May 2012, government-backed GrowthAccelerator is a three year programme designed to support fast growth businesses through coaching and networking opportunities.

"In prioritising investment in staff training next year fast-growing businesses are showing they have faith in the strength of their business models" said Simon Littlewood, head of business growth services at GrowthAccelerator. Most participants of the survey cited growing the workforce as the biggest ambition for 2013, while the most popular method of pursuing growth among the participants was investing in staff training.

“The impact of the recession has hit hard for many companies and we know from the businesses we work with every day that there is nonetheless huge ambition and drive among the UK’s business owners.”

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