SME owners are optimistic about business growth, survey suggests
Nearly two thirds of British SMEs (Small and Medium Enterprises) are optimistic about the growth of their business and are thriving as a result of owning their own business, according to a recent survey by AXA PPP healthcare.
SME owners also recognised the greater flexibility (58 per cent) and the greater freedom (37 per cent) that owning a business gives them. However, they also revealed that they have a hands-on approach to the business, with 61 per cent of owners saying they had day to day involvement in business operations and production and new business development (61 per cent). More than half were involved in sales and marketing (59 per cent) and customer service (55 per cent) on a daily basis.
More than a third (35 per cent) of the SME business owners thought they could delegate more to improve the way they manage their business – a result that aligns with the finding that nearly half (47 per cent) of business owners reported that the pressure of work spills over into their home life.
Glen Parkinson concluded: “UK SME owners need to delegate more and only have daily involvement in those activities that truly need their expertise. Reducing their involvement in wider business activities and empowering their teams to do these tasks will help build trust and will hopefully prevent them from taking work pressure home. It is very encouraging to see small business owners are taking measures to achieve a reasonable work/life balance even through stressful periods.”
Tensor has the perfect workforce monitoring and time and attendance systems for UK SMEs
Every firm planning to expand their workforce due to newly found business opportunities should try their best to ensure that the basis they’re building on is solid enough, and this is precisely where Tensor could help, given our extensive experience in the field of workforce management.
The WinTA.NET is the flagship product of our proven range of Windows™ based time and attendance products, offering complete and comprehensive control over the creation of working rules, Access Control, Job Costing and System Security. It has specifically been designed to meet the specific requirements of a wide range of firms, including SMEs.
A complete smart card time and attendance system including European Working Time Regulations checking and reporting, ensuring that your company remains compliant with both regional and national legislation.
The Enterprise edition software has a familiar Windows™ interface, providing quick and easy access to information.
If you’d like to find out additional information regarding the WinTA.NET range of products, just get in touch with our dedicated product team, they’ll be more than happy to answer any questions and queries you might have.