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Graduates should prepare for small business caution
Monday, 12 April 2010
Recent university leavers looking for graduate jobs in business management should be prepared for a period of caution from the majority of small businesses after research showed that only one in nine firms are preparing for recovery.
Research from The Open University Business School revealed that only 11 per cent of firms are putting in to action post-recession recovery plans, and that these firms are most optimistic about their immediate prospects.
Some 18 per cent report they are not planning because recessionary effects on their actual and potential customers are still too uncertain.
Colin Gray, professor of enterprise development at the Open University Business School, said: "Although there are increasing signs that the economy overall may be turning the corner, recovery remains elusive for the 95 per cent of all firms in Britain that employ fewer than ten people."
He added that this is particularly for firms in the construction and business services sector and since they are so important the need for caution remains strong.
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