A quarter of small businesses are predicting zero growth

A man driving a cab into the Thames says small companies are still finding the economy challenging. Of course, it has to be Virgin.

by Adam Gale
Last Updated: 24 Sep 2014

Small and medium–sized businesses (two to 250 staff) are still struggling with the aftermath of the recession, according to a study by Virgin Media Business. Of 1,013 bosses questioned by ComRes for Virgin, 23% predicted zero growth for the next six months, while 24% felt that the current economy was the main thing holding them back.

The study also found that a majority of small business founders think they aren't getting enough advice. Of 666 founders, 53% said getting the right advice was one of their greatest challenges. Only 8% had turned to government services when they had business problems, though, despite all the money and ministerial backing for various small company state services.   

This dire proclamation came from Virgin Media Business, whose managing director Peter Kelly is seen below riding a taxi into the Thames.

Before the amphibious ride, which was designed to show how even seemingly insurmountable barriers can be overcome (presumably no one told him about the bridge in the background), Virgin Media Business announced the launch of the SMEcab service, offering a free cab ride for entrepreneurs in London, Manchester, Birmingham and Sheffield, for one week only.

As Virgin Media Business has pinpointed technology as the best way to help SMEs out, it has filled these cabs with gizmos and apps that might help burgeoning business owners, along with case studies and a special message from Sir Richard Branson. It is not known whether these taxis are waterproof, or include technology to prevent car sickness from reading the case studies/listening to Richard Branson on the ride.

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