Small business owners are usually stuck for spare time, therefore gaining the skills on digital technologies can be difficult. The government are being pushed to introduce a ‘growth voucher’.
According to research made by the Federation of Small Businesses (FSB), in the last 3 years there has been an improvement to 76% of SME’s. The majority of SME’s (95%) have improved by introducing new software to their business, changing their marketing process or making changes to their organisational structure.
However, cloud services (or any other form of online data storage) has only been taken advantage of by around 2 in 5 smaller firms. Whilst 33% had effectively utilised the digital file transfer technology.
Consequently, this pushed the FSB to try and improve small business owners knowledge on technology by prompting the government to provide training.
Quote from Nigel Holland:
“In my opinion, putting a tax credit in place so that small business owners can gain the training they need on technology, is a good idea. This is because small business owners cannot afford to take time out of the running of their business to then take part in training.
The survival and growth of a business relies on many different things. One being the introduction of new ideas to therefore improve business development. Productivity is key to business development and therefore this should be a main focus across the UK’s 5.7 million small business as well as the self-employed.”