Top 5 Things Businesses Should Consider to Attain Growth

24/11/2011

By John Antunes, head of SME and channel, SAP UK and Ireland

Entrepreneurship and growth (or lack of) have dominated the headlines of the press in recent weeks. With the combination of domestic economic factors and the uncertainty of the eurozone abroad, there has been little to smile about and much anxiety amongst UK business. In recent days this has been compounded further by the news that the jobless total amongst young people will surpass one million.

To counter this we have also seen business leaders and the government alike trying to encourage and help stimulate the economy by promoting...

...entrepreneurship and attempting to cultivate an environment where start-ups can thrive.

This month David Cameron recently provided a one-year update on fledgling Tech City initiative in the East of London and in an extension of this, some of Silicon Valley’s brightest minds and top investors recently decamped to the UK. The visit was part of a campaign to help inspire and motivate young British students and school leavers helping to cultivate their entrepreneurial spirit.
This is certainly admirable and one can’t deny the importance which start-ups and SMEs will play in the future recovery of the British economy.

But, with GDP threatening to come to a standstill and the Governor of the Bank of England, Sir Mervyn King talking of a “long and arduous” road back to economic health; talk of entrepreneurship and growth – particularly amongst SMEs (small to mid-sized enterprises) – could to some appear a little trite.

However, I would strongly argue that even against an ever-growing gauntlet of challenges, obstacles and threats, growth remains firmly on the agenda for the country’s start-ups and small and medium sized enterprises.
Even in thriving economic conditions, breaking out of the small business infrastructure and mindset is a real... continued on page two >

 

 

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