GUEST BLOG: The potential for the SME market and business travel

Despite the pressures of the recent tough trading conditions it would seem that the small and medium sized enterprises (SME) sector has risen to the challenge with many companies looking to fill the gap caused by the UK’s sluggish finances by looking further afield for new business opportunities. Since 2012 the number of trade missions operated by the London Chamber of Commerce and Industry (LCCI) has increased substantially to accommodate small businesses looking to expand to overseas markets.

The SME sector is defined as comprising some 99 per cent of the 4.8 million businesses in the UK, which is why it has been identified as having the potential to generate growth and get the country back on track. Small companies are better placed to react quickly to the latest market opportunities and expand into new areas quickly, which is why they have been recognised as key to generating growth and revitalising the economy. However, it would be a mistake to ignore very small companies as tightly controlled overheads and small staffing numbers all contribute to higher revenues. And there is also the potential for smaller businesses to develop into larger organisations.

As a business support organisation, LCCI is unique in that its members represent global organisations as well as SMEs. Known as the voice of London business, as well as organising trade seminars and missions, LCCI is aware that smaller organisations have great potential for business travel. Many SMEs make their own travel arrangements relying on their office manager or PA to source the best deals in the belief that this is the most cost effective way to control travel budgets. However, more often than not the truth is that this ad hoc approach can cost time and money, which is why the services of a reliable travel management company can be invaluable and a visit to the Business Travel Show, which takes place in London 4-5 February 2014, will also be a huge help. 

More than 200 suppliers showcase products, serviced and solutions at the show, which is attended by in excess of 6,000 travel professionals. Exhibitors include the likes of Virgin Atlantic, easyJet, Hilton, Marriott, Eurostar and Addison Lee. And the conference programme includes more than 70 sessions, including a Fundamentals track, which is perfect for SMEs, PAs and office managers to learn practical tips and takeaways for buying business travel better. 

This post was written by LCCI , who will be exhibiting at the Business Travel Show on stand B1095. Register now for free at www.businesstravelshow.com