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SFA cautiously optimistic for 2018

THE mood amongst the small business community at the start of 2018 is cautiously optimistic, with nearly two-thirds of owner-managers believing that the business environment is improving. That’s according to the Small Firms’ Association (SFA), the Ibec group, in its Small Firms Outlook 2018 report, which was published this week. SFA director, Sven Spollen-Behrens did however add a caution. “2017 has been a challenging year for small business. Whilst cautious optimism seems to be returning amid emerging wage demands, the increasing cost of doing business and Brexit dampens the mood. “However, nearly 60% of SFA members say their businesses are growing, with only 4% declining. This shows that 2018 has the potential to be a strong year, if the risks are managed effectively at firm level and Government level.” Mr Spollen-Behrens noted 71% of survey respondents indicated their intention to recruit over the coming year, up substantially from the SFA survey in May of last year. “Small firms already employ …

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