Small business owners are usually the most resilient in the industry, needing to weather the heavy storms of the economy and be the most adaptable to change and prioritise growth in the long term.

If you’re a small business owner looking for ways to enhance your company, here are four facts that will likely change how you view your business, and everyone else’s.

1. Small Businesses Often Offer Better Customer Service

Customer service is the one of the most important aspects of a small business, and delivering stellar service is usually done best by the small businesses. One obvious reason for this is that staff in smaller independent businesses often believe passionately in the cause that they are working for, and will seek to meet targets in a way not always seen by larger brands.

Additionally, smaller businesses can also often tailor discounts or offers to their customers, rather than answering to a wider brand policy.

2. Only 23% of Small Business Loans are Approved By Banks

Small businesses are often self-starters, with the vast majority of business owners using their own personal savings to fund the start-up. This means that if you’re an entrepreneur looking to set up your own company, the financial road can be a tough one.

Whilst the banks can be difficult to navigate in the world of business, if you’re a UK based business, the government could lend you a helping hand instead. They offer a start-up loan to help you hit the ground running with your business plan as soon as possible with less hassle.

3. Around 46% of Small Businesses Still Don’t Have a Website

Marketing your small business adequately is half the battle in enabling your small business to succeed.

Nowadays, having a business presence online is fundamental to your continued success as a company. This includes having a well functioning website, content that will draw in and convert customers, and social media pages where you can post shareable pictures, videos and snappy captions that will increase your customer reach even further.

Using a tool like Hootsuite can be ideal for scheduling multiple posts in advance. This will allow you the flexibility of creating your social media posts ahead of time and therefore enabling you to use your time efficiently.

4. Only a Small Percentage of Small Businesses are Started By Business Graduates

You may find this fact surprising, but it’s true! It’s also great news if you’re a recent business graduate, or thinking about pursuing a business degree, as this will give you a fantastic leg up over your competitors.

During your business degree, you will learn valuable skills and knowledge that will give you an advantage in the business world over other entrepreneurs who create startups without prior business experience or knowledge.

If you’re thinking of studying a business degree, providers like Signum Magnum Education supply top quality business degree courses from bachelor’s all the way up to doctorate level, giving you the ultimate flexibility to learn a high class degree from home. This means you can concentrate on building your business without worrying about taking a career break to earn your degree.

Were there any facts that surprised you? Discuss your thoughts in the comments section below!