Survey shows how successful businesses grow
The UK's fastest-growing companies are focusing on new markets, products and services to deliver up to 20 per cent growth, according to new research by GrowthAccelerator.
GrowthAccelerator is a support service provided by the country's leading business growth specialists and is a partnership between private enterprise and government.
Its analysis of the first 2,000 businesses registered for support finds that 21 per cent are pinning their growth hopes on expansion into new markets, followed by diversification of product offer (20 per cent) and service improvement (11 per cent).
Simon Littlewood, Director at GrowthAccelerator said: "To deliver significant growth, most companies need to do something differently - be that embracing new markets or diversifying their product range or improving service.â€
The research involved businesses who had either achieved 20 per cent growth in the past three years or who are on track to deliver it this year. Their k
ey growth enablers to date have been:
- Working collaboratively with like-minded businesses or partners (23 per cent)
- Access to finance (17 per cent)
- Training and development of employees (14 per cent)
- Advice and coaching (13 per cent)
* For further information on how GrowthAccelerator can offer practical support, please visit www.GrowthAccelerator.com http://www.growthaccelerator.com/