Curia poll on Sustainable Business Practices
April 6, 2009
Curia did a poll for BDO Spicers and Ideas Shop of 400 small and medium sized businesses.
BDO Spicers report on one aspect here, being the three biggest challenges facing SMEs. They were:
- Economy 37%
- Cash Flow 36%
- Attract and Retain talented staff 36%
- Reduced Sales 28%
- Red Tape 14%
- Staff Costs 13%
- Access to Capital 11%
- Higher input costs 11%
- Currency fluctuations 10%
It was interesting that despite increasing unemployment, there was still challenges in recruiting the right staff.
At Ideas Shop they have a report focusing more on the environmental, employment and charitable business practices of SMES:
- Around 10% of SMES formally report on their sustainable business practices
- 95% of SMEs undertake at least one environmentally sustainable business practice
- 35% of SMEs offer wellness benefits such as counselling, fitness subsidies or independent financial advice
- 93% of SMEs undertake at least one charitable activity
- Time and money are the biggest barriers to incorporating further sustainable business practices
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