"Despite seeing a rise in sales, SMEs are unable to cover the huge costs of running a business."
London (PRWEB UK) 4 January 2013
A number of SMEs are struggling to cope with growing pressures from the weak economy, despite seeing an increase in sales, because business overheads are increasing.
Recent market reports show that overheads such as energy costs are significantly eating into the typical SME budget. A survey from the Forum of Private Business (FPB) found that 30% of SMEs are seeing an increase in sales; however rising costs are limiting potential profit increases. **
Half of those polled said they had seen an increase in the cost of gas, electricity and fuel which has caused a profitability drop of 27% for many businesses. However, there are a number of ways that SMEs are reducing their business running costs. One such way would be to invest in a hosted telecoms solution.
Neil Barrall from Telecoms World says;
“Despite seeing a rise in sales, SMEs are unable to cover the huge costs of running a business.
Telecoms World is one of the leading independent telecommunications providers and can help businesses reduce their overheads and increase sales. For example, SME’s are increasingly outsourcing a non-geographical number such as a 0800 or 0845 number to bring down communication costs. This has additional benefits of giving the brand a national appeal and significantly increased sales potential.
In addition to updating their telecommunications services SME’s also use cloud computing storage as a viable option too. Cloud computing services not only save a company money on hardware costs, but they are space saving and very efficient on internal staff resource too.
SMEs could benefit from 0800 numbers now to reduce running costs”.
Notes to editors
*Source: Telecoms World https://www.telecomsworldplc.co.uk/
**Source: Forum of Private Business