SMEs and the prospect of another recession: time to get worried?

By | March 6, 2012

Small and medium-sized enterprises (SMEs) are getting worried again. After the financial rollercoaster ride of the last five years or so, businesses are still beleaguered by a number of challenging issues. Rising utility bills, a VAT rate of 20 per cent and climbing petrol prices mean that it’s now harder to stay afloat than ever before, and with unemployment rising, there seems to be little that can be done about it.

Even with the promises of prosperity from the coalition government, there seems to be little happening – even leading the Chancellor to publicly announce that there was simply no more money to spend on initiatives around the UK. The British economy was further undermined by a range of reports revealing that Britain’s one million SMEs could be facing their most difficult year since the recession back in 2009, forcing the Bank of England to consider injecting several hundred billion pounds worth of quantitative easing into the economy.

Luckily, it’s not all doom and gloom – indeed, many companies are running their own schemes to boost fellow small businesses and help them get noticed by people who are still happy to part with their cash.

One great example of this is a recent Flyerzone competition, which is offering no less than £1,000 of promotional materials to those who need a bit of a boost. Operating its offer during February and March, Flyerzone is asking small businesses and start-ups to tell them about their organisation and what they hope to achieve, and five lucky winners will receive promotional printing. On top of this, there will also be a lot of coverage for the successful companies on the Flyerzone blog.

The best thing is that the organisation isn’t looking for long, formal business plans – it is instead interested in a passion for business, as well as the things that make a company different and innovative. Given that this kind of fantastic opportunity doesn’t appear often – especially with such a fantastic payoff – it’s very much worth checking out the link and getting you and your SME involved in an initiative that could not only deliver freebies, but subsequent results that will help another organisation climb out of the socio-economic sinkhole experienced the world over during the last few years.

As a small business, you always have to plan ahead, get your business noticed and match consumer demands, whatever their budget and lifestyle. With competitions like this one run by Flyerzone, it shows that British companies are still fighting tooth and nail for business – whether it’s for themselves or an associate.

About the Guest Post Author: Sam McCall – I’ve been writing web articles for more than three years, covering topics from computing and technology to finance and the environment, as well as blogging and contributing book and game reviews to local magazines. I have a degree in Creative Writing from the University of Leeds and in my spare time I watch far too many films.