LawBite, a leading online legal platform for SMEs, conducted a YouGov poll to understand which emerging trends SME business owners believe will allow their business to grow and thrive in the future.
The results show that technology is king for SMEs - more than a quarter (26%) believe that ‘streamlined digital engagement with customers and partners will support future business growth.
Positively for LawBite, which is streamlining law through technology, there’s a strong appetite for this in the legal sector, where more than half of SMEs (51%) believe their business will grow as a result of the sector's weakening resistance to new technology'.
Trade is on the minds of SMEs, with one in four stating that the most positive change for them would be ‘seamless trade beyond country borders.
Meanwhile, the government faces an uphill struggle to convince the UK’s SME population of the merits of their green agenda with just 16% of businesses identifying a ‘greener, more carbon friendly society’ as a boost to future growth.
Ultimately, many businesses simply cannot afford to look too far into the future due to the challenges they are facing now. The most common response from SMEs leaders was not knowing what change would help their company grow (34%) as the longer-term effects of the pandemic ensure surviving day to day remains a priority.
