Looks at the factors affecting the performance and growth of businesses that have between 0 to 9 employees. BIS research report number 114
Ref: BIS/13/895 PDF, 1.24MB, 164 pages
MS Excel Spreadsheet, 2.84MB
This file may not be suitable for users of assistive technology. Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email email@example.com. Please tell us what format you need. It will help us if you say what assistive technology you use.
Presents findings from research commissioned to better understand the internal and external factors that affect the performance and growth of very small businesses - those with 0 to 9 employees.
Very few of the 4.6 million microbusinesses in the UK ever grow. This report adds to the evidence base on their obstacles to growth by factoring in the values, aspirations and mindsets of the business owner and their beliefs (and myths) about growth.
The research found that, for most microbusinesses, growth is constrained by multiple factors related to the business environment and the internal vision and capacity of the business.