Overcoming challenges is what business does

By Lancashire Business View

07 Sep 2018

paul-spencer-director-389x500.jpg
The SME sector proves time and time again just how resilient it is – whatever challenges are thrown at it.

By Paul Spencer, director, Haworths

Take the latest report from the Federation of Small Businesses, which is based in Lancashire.

It reports that, despite all the uncertainty over Brexit, confidence among the UK’s small business community has risen in recent months and now stands at a one-year high.

More than a third of small businesses expect their performance will improve over the coming three months. And less than a quarter believe performance will worsen.

On top of that the proportion of businesses saying that their gross profits are steady or increasing is also at a 12-month high, as is the share of exporters who report international sales are stable or heading in the right direction.

The picture is equally rosy when it comes to growth. Of the firms quizzed, 88 per cent revealed plans to remain the same size or expand in the coming year. And that optimism comes despite weak domestic growth.

As the FSB’s national chairman Mike Cherry says business owners are determined to grow despite the barriers they face, including securing investment.

Brexit continues to cast its shadow. And there is the danger of the confidence that is being shown by our SMEs fading if no real progress is shown soon.

And while all eyes are on Brexit it is worth pointing out that the survey reveals the domestic economy remains the number one barrier to small business growth, with access to appropriately skilled staff and labour costs also flagged.

Lancashire’s small businesses are no strangers to a myriad challenges. Time and time again they find the solutions to overcome them. And as Lancashire Business View’s Hot 100 reveals, they’re pretty good at making money and delivering jobs. It’s what they do.

Latest news

1

PR agency wins third consecutive award for public sector work Viva Wins Third Public Sector Award

PR agency wins third consecutive award for public sector work

20 Jun 2024

2

Burnley aerospace firm eyes global growth with new CFO Rob Smith Of Velocity Composites

Burnley aerospace firm eyes global growth with new CFO

20 Jun 2024

3

Brabners events to discuss growth and acquisition strategies Lytham Hall - Brabners.jpg.jpg

Brabners events to discuss growth and acquisition strategies

20 Jun 2024

4

Women's health in the workplace: the impact of the symptoms impact.png.png

Women's health in the workplace: the impact of the symptoms

20 Jun 2024

5

Are you aware of the consequences of dying without a will? Sara Jane Chorkley DRN

Are you aware of the consequences of dying without a will?

20 Jun 2024

Lbv116 Ltb Strip980
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Free 4 Week Growth Ignition Coaching Programme
UCLan Primary logo RKE.png.png
LBV Hub Seminars
19 Jun 2024 - 03 Jul 2024

Free 4 Week Growth Ignition Coaching Programme

Online, Preston, PR1 2HE

12:00 - 13:30

Business Networking in Lancaster - BNI Castle
EVENT LISTING BNI Castle.png.png
LBV Hub Networking
20 Jun 2024

Business Networking in Lancaster - BNI Castle

Vale of Lune RUFC, Powder House Lane, Lancaster, LA1 2TT

06:45 - 08:30

THE ABSOLUTELY FABULOUS COMEDY DINNER SHOW
AbFab Social Post.jpg.jpg
LBV Hub Social
20 Jun 2024 - 20 Jun 2024

THE ABSOLUTELY FABULOUS COMEDY DINNER SHOW

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

18:30 - 23:00

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
20 Jun 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Business Networking in Preston - BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
21 Jun 2024

Business Networking in Preston - BNI Brunch

Samlesbury Preston Hotel, Preston New Road, Preston, PR5 0UL

09:30 - 11:00

June Preston Freelancer Meet-Up and Coworking
Screenshot 2024-06-13 at 14.03.18.png.png
LBV Hub Networking
21 Jun 2024 - 21 Jun 2024

June Preston Freelancer Meet-Up and Coworking

Society1 Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Moonlight & Memories Walk 2024, St Catherine's Hospice
Moonlight2024.jpg.jpg
LBV Hub Fundraisers
22 Jun 2024 - 22 Jun 2024

Moonlight & Memories Walk 2024, St Catherine's Hospice

St Catherine's Hospice, Preston, PR5 5XU

18:00 - 23:00

Yellow Day 2024 St Catherine's Park
YRD 2024_TV screen_V02.jpg.jpg
LBV Hub Fundraisers
23 Jun 2024

Yellow Day 2024 St Catherine's Park

St Catherine's Hospice, Preston, Lancashire

10:45 - 16:00

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
23 Jun 2024

Chamber Breakfast Networking

Whitewells Catering Supplies, Heysham, LA3 2XE

08:00 - 10:00

Adult Mental Health First Aid - Online Course
Youth MHFA.png.png
LBV Hub Seminars
25 Jun 2024

Adult Mental Health First Aid - Online Course

MS Teams, N/A, N/A

10:00 - 12:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
25 Jun 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin