Major Developments Major Developments by Calendar Year

November 1, 2010

Know About How Many SMB’s are Using IT Services : Microsoft Study

Filed under: Small Business — Tags: , , — Winson @ 6:10 AM

website monitoring serviceAs per Microsoft Corp global SMB IT and Hosted IT Index 2010 which studies how small and medium-sized businesses fared during the recession and how they use technology, SMBs are taking up cloud computing.

  • More than 40 percent of the small and medium-sized business respondents who used hosted or cloud technology expressed that they saw rise in revenue by 30 percent. Whereas, 90 percent of respondents who were not using hosted technology saw decrease in revenue.
  • There is an increase in awareness of hosted services, as 65 percent of SMBs are using hosted software to some extent and remaining 73 percent of SMBs have considered it when compared with just 44 percent in the 2008 Index.
  • SMBs are understanding the value of renting IT as a service. About 36 percent of them expressed that a pay-as-you-go model would be appealing.

When we consider the use of e-mail by SMBs, about 67 percent SMBs have on site, 29 percent of them have hosted and just 4 percent SMBs do not have. While coming to file sharing/collaboration, about 56 percent of the SMBs have on site, 23 percent have hosted and 21 percent SMBs do not have. When we see backup, 71 percent SMBs have on site, 22 percent have hosted, 7 percent do not have. While considering website, 49 percent of SMBS have on site, 39 percent have hosted and 12 percent do not have.

October 21, 2010

Small Businesses Showing Signs of Growth from Invoice Finance Industry

Filed under: Small Business — Tags: — Winson @ 3:27 AM

As per the quarterly Tiny Small Business Finance Barometer which was designed to gauge SME sentiment on several important company matters, about 54 percent of the SMEs from the British are planning to recruit many more people withing the upcoming 12 months and about 44 percent of them are expecting to expand their organization this year. This is a positive news from 2 finance trade reports. About 50 percent of the UK SMEs expressed that they want to increase the headcount this year.

As per the latest quarterly report released by the Asset Based Finance Association, there is an enhancement in total sales from businesses which are financed by asset-based finance. The customer product sales are at £49,371million. This has increased 8 percent from March of 2009.As per the ABFA, many of the British firms are expanding their horizons outside the UK to locate the new organization possibilities along with export invoice discounting. This showed a rise of 15 percent. About 33 percent of the respondents expressed cash flow is continuing to be their biggest organization problem for the upcoming year which has increased about 20 percent from the last quarter. Banks have not yet increased the lending and the late payments are continuing to make a big dent or else there would have been good money flow.

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October 13, 2010

Small Businesses Borrowing Dropped in May: Pay Net Index

Filed under: Small Business — Tags: , , — Winson @ 10:21 AM

As per the report based on PayNet, there was a drastic drop in the level of borrowings by small businesses in USA in the past 7 months. As per the Thomson Reuters/PayNet Small Business Lending Index which measures the overall volume of financing to small businesses in USA reported a drop of 5 percent from the previous month on a seasonally adjusted basis. It was the lowest reading since October. It was recorded as the fourth-lowest level. When compared with the previous year’s index, it was up by 9 percent in May.

  • There was a decrease in accounts in moderate deliquency or those which were behind by 30 days or more in May by 3.36 percent from 3.47 percent in April.
  • Accounts which were 90 days or more behind in payment or in severe delinquency also dropped to 1.11 percent in May from 1.21 percent.
  • The accounts which are behind 180 days or more or in default and also which are unlikely to ever get paid also declined to 0.91 percent of the total receivables in May from 0.94 percent during April.

Regardless, the regulatory overhauls in the US healthcare and finance industries are making it hard for the small businesses to estimate the costs of the future. This is resulting in holding back of spending by small businesses.

October 12, 2010

SME’s in UK are Implementing Remote Working

Filed under: Small Business — Tags: — Winson @ 8:43 AM

As per IDC Research, about 73 percent of the managers and around 75 percent of IT managers agreed that the remote access services has increased productivity of their staff.

The contribution of SMEs in UK workforce is about 59 percent and more than 50 percent of GDP. The SMEs in UK will lead the economic recovery.

Most of the SME owners agree that flexibility in the way they do their business is vital for their success. This is the reason why many UK SMEs are investing in remote working technologies.

IDC research reported that around 32 percent of the firms were implementing remote working schemes compared to 15 percent across the rest of the Europe. As per a recent survey by LogMeIn, 73 percent of IT managers accepted that remote access services have increased the productivity of their staff members.

As per the survey, only a quarter of SME employees work off-site for about once a week. 12 percent of the SME employees work virtually. About 51 percent of SMEs who were surveyed were planning to increase their use of remote access services in the next 6 months.

Many People Research Businesses Online

Filed under: Business — Tags: , — Winson @ 8:11 AM

According to PEW Research Project, 44 percent of online adults have searched for online information about services and advices that they want to inculcate on professional capacity like a doctor, lawyer or plumber. The PEW Research Project has taken the value of small business reputation management.

According to the Pew Study on reputation management and social media, about just 23 percent of the Internet users who are aged 65 or older research about small businesses online.

People who are likely to research businesses online:

  • 58 percent of college graduates research businesses online.
  • 58 percent of people who come under higher income groups i.e., people who earn $75,000 or more will go for research businesses online.
  • 46 percent of White Internet users will opt for research businesses online.
  • 49 percent of parents will research businesses online.
  • 49 percent of broadband users will research businesses online.
  • Wireless users who contribute about 50 percent will go for research businesses online.
  • 56 percent of social networking users will opt for research businesses online.
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