Whenever anyone mentions the global economy, it’s easy to envisage the world of big business. Shining skyscrapers, mahogany boardrooms and cutthroat corporate acquisitions may all spring to mind—but they shouldn’t be our first thought.
In reality, smaller businesses are the true driving force behind our economy. One glance at the UK numbers reveals why: small or medium-sized enterprises (SMEs) in the private sector make up 99.9% of all companies, employ 60% of the workforce and generate more than half of the total turnover. SMEs aren’t just the engine that keeps our economy flying, they’re more than half the plane.