Only 1 in 4 UK small businesses expect to grow this quarter, and just 17% of start-ups. Half expect "no change". In this episode I react to the latest Novuna Business Barometer and explain why waiting it out is a choice, and the 3 things the businesses that grow are doing differently.
I'm Mark Hayward, host of Business Growth Talks. I've spent 18 years building businesses and working with founders, and "let's wait and see what happens after the Budget" is a trap I've fallen into myself.
What you'll learn:
→ The numbers: 26% expect growth, 50% expect no change, 23% fear they'll shrink
→ Why "no change" means going backwards when your costs keep rising
→ 3 things the 1 in 4 do differently: keep the pipeline moving, run their numbers, make one growth bet a quarter
→ Why start-ups have an advantage the established businesses don't
→ For US viewers: the same wait-and-see mood ahead of the midterms
Chapters
0:00 Only 1 in 4 small businesses expect to grow
0:23 The data
1:43 Why “no change” means going backwards
2:44 Keep your pipeline moving
3:16 Run your numbers, not the headlines
3:41 Make one growth bet a quarter
4:03 The start-up advantage
4:30 US midterms: the same wait-and-see
4:59 Your turn
Find more details about the podcast
www.businessgrowthtalks.com
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