But almost half of 322 British SMEs polled have yet to offer products over the internet, citing budget constraints and lack of in-house expertise as reasons for not having begun internet sales, according to a survey conducted by internet solutions company Mediacast.
Recent surveys, however, show that SMEs are now gearing up to get online.
E-commerce revenues for European SMEs are about to soar by 800% from Euro 409m last year to Euros 3.2bn by 2003, according to a study by Datamonitor and Microsoft.
Small businesses created around 75% of all new jobs in Europe in the past three years, according to the SME Union, a European lobbying group.
President of the English ICA Graham Ward, urged SMEs to set up their own business-to-business networks now. ‘Smaller suppliers urgently need to reassess their business strategies if they are to survive in this kind of competitive environment,’ he said this week in his opening speech at the institute’s e-commerce conference.
The conference focusing on e-commerce was a great success for the professional body and its new president who suggested the theme over a year ago. Around 800 delegates from varied sectors of industry attended.
AccountancyAge.com at the English ICA conference
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season