About Us Introduction Corporate Vision is excited to announce the return of the Small Business Awards. This highly anticipated awards programme is returning for the seventh consecutive year and will once again aim to shine a spotlight on and celebrate the dedication and achievements of hardworking Small Businesses. Small and Medium Enterprises (SMEs) are the backbone of the business landscape. In the UK, SMEs form an overwhelming majority comprising 99% of the UK’s business population, with over 5 million registered enterprises. These Small Businesses are crucial employers, providing jobs to over 16.7 million people across the country. In 2023 alone, UK SMEs generated a substantial turnover of £2.4 trillion, accounting for 53% of the total turnover of private businesses, underscoring their significant economic contribution. Globally, Small Businesses are vital components of economies; for instance, the US boasts over 33.2 million Small Businesses, which have contributed 17.3 million new jobs over the past two decades and currently employ 61.7 million Americans. These trends reflect a worldwide pattern where SMEs play an indispensable role, driving innovation, fostering economic growth, and enriching business landscapes. However, nearly 20% of Small Businesses fail within the first year, a statistic that climbs to 50% in subsequent years. These failures often stem from cash flow challenges, fierce competition with larger counterparts, and financial downturns. Additionally, inflation presents a significant obstacle for Small Businesses, influencing operational costs and pricing strategies amidst uncertain economic conditions. Despite these challenges, there is a prevailing sense of optimism among Small Business owners, as many anticipate financial growth in the upcoming year. Projections suggest that revenues will increase, albeit cautiously, underscoring a positive outlook in the Small Business landscape despite ongoing economic uncertainties. Bronze Package 895 GBP Full Page Article Bespoke Trophy Personalised Digital Logo www.corporatevision-news.com CorporateVision Small Business Awards 2024 2024 Company Name Award Title EXAMPLE
RkJQdWJsaXNoZXIy MTUyMDQwMA==