Ireland SMEs – Basic Figures

According to the statistics released by EU, the total share of Irish SMEs in all businesses is same as the EU average. It consists of very few micro enterprises. But the percentage of small enterprises present are twice as high as EU average and the share of medium-sized being significantly much higher. Irish SMEs statistics: The number of enterprises has grown remarkably by 18,000 (23 %), from 2002 to 2008, when compared to average EU-growth(13%). …

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US Small Business Facts of 2008: SBA

Many of the nation wide new jobs are created by small businesses. They almost provide employment for about half of the nation’s private sector work force. They also provide half of the nations private real gross domestic product (GDP), nonfarm and also a significant share in innovations. There was 1.1 percent increase in Real Gross Domestic Product this year. But during the fourth quarter, GDP was down 6.3 percent on annualized basis. There was modest …

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US Small Business After Crisis

Small businesses in United States suffered a lot during 2007-2009 recession. As per a recent Deutsche Bank research survey, small businesses are showing an improvement in employment. The key strengthening for the nascent US small business recovery is by improved sales outlook and access to financing. Small businesses have been slow in recovering because of deep losses in the most recent recession. First reason for this is that the construction sector which comprises of 86 …

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Economy Recovery is Still Fragile for Small Firms to Hire New Staff: FSB

The unemployment in UK as increased to 2.5 million. As per FSB Voice of Small Business Index, small firms are recovering but are not in a position to increase the staff. According to a survey of 1,400 members of the Federation of Small Businesses, about 63 percent of small businesses expressed that they will keep employing new employees on hold till the next 3 months. This shows that the small firms are not yet ready …

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Small Business Performance in the First Quarter of 2010

In May 13 of 2010, the SBA released small business performance of First Quarter statistics. The small business trends are: In the first quarter of 2010, real gross domestic product was 3.2 percent. There was an increase of 14.8 percent on an annual basis in real gross private fixed investment. There was an increase 3.6 percent and 5.8 percent in real personal consumption and real exports respectively. The non-farm payroll increased by an overall 283,000 …

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UK Small Enterprises Save 67 Percent of Information in Mobile Brandband USB sticks: Analysys Manson Report

As per a report published by Analysys Manson which examines the ways in which the small or medium sized enterprises can cut technology costs quickly, small enterprises employees should use mobile broadband USB sticks and data cards when traveling in order to save their businesses GBP2145 each year rather than relying on Wi-Fi hotspots. The report which was entitled small enterprises save money with mobile broadband which was published ahead of Mobile World Congress 2010, …

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Small Businesses Spend Too Much on IT: A Survey by Brother

As per a report commissioned by printer manufacturer Brother, small businesses are spending more than required on IT because of short-term thinking and also due to lack of computing knowledge. As per the survey by Brother, small businesses are investing on cheap hardware for making short-term savings, but they had to pay higher costs in the long run. The small and medium sized enterprises are just thinking of the short term savings and are not …

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Low Consumer spending is the Top Concern of Small Businesses in UK

According to a survey of businesses in UK, the biggest problem faced by small businesses is less customer spending. About 20 percent of the business owners who were polled by the Business Link for its Business Confidence Index mentioned that there was a fall in consumer spending and it is the major concern for the small businesses. About 72 percent of the businesses are still feeling the effects of the downturn when compared to 63 …

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