This statistic shows the most important challenges small and medium enterprise (SME) face in the United Kingdom (UK) from February 2016 to January 2018. From the responding SMEs in January 2018, 79 percent stated that their most important challenge was attracting new customers and 27 percent the uncertainty over the economic conditions to be a challenge.
Most important challenges the SME faces in the United Kingdom (UK) from February 2016 to January 2018*
Characteristic
Share of responding businesses
Attracting customers
79%
Increasing revenue
59%
Maintaining profitability
51%
Uncertainty over economic conditions
27%
Developing new products/innovation
19%
Other government regulations (e.g., compliance, technical regulation, patents, reporting)
* Source question: What are the most important challenges your business currently faces?
** Regulatory and other barriers to exports is deleted since October 2016.
** Selling to foreign markets is new since October 2016.
*** Survey sample group size varies:
Jan '18 = 537.
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FactWorks. (January 1, 2018). Most important challenges the SME faces in the United Kingdom (UK) from February 2016 to January 2018* [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/700798/monthly-current-challenges-before-sme-uk/
FactWorks. "Most important challenges the SME faces in the United Kingdom (UK) from February 2016 to January 2018*." Chart. January 1, 2018. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/700798/monthly-current-challenges-before-sme-uk/
FactWorks. (2018). Most important challenges the SME faces in the United Kingdom (UK) from February 2016 to January 2018*. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/700798/monthly-current-challenges-before-sme-uk/
FactWorks. "Most Important Challenges The Sme Faces in The United Kingdom (Uk) from February 2016 to January 2018*." Statista, Statista Inc., 1 Jan 2018, https://www.statista.com/statistics/700798/monthly-current-challenges-before-sme-uk/
FactWorks, Most important challenges the SME faces in the United Kingdom (UK) from February 2016 to January 2018* Statista, https://www.statista.com/statistics/700798/monthly-current-challenges-before-sme-uk/ (last visited November 21, 2024)
Most important challenges the SME faces in the United Kingdom (UK) from February 2016 to January 2018* [Graph], FactWorks, January 1, 2018. [Online]. Available: https://www.statista.com/statistics/700798/monthly-current-challenges-before-sme-uk/
