The huge swathes of public sector job cuts will lead to a significant increase in the number of start-up businesses and home workers in the private sector either through choice or because private sector jobs are insufficient. Many, if not all, will need help and support to succeed and so the upside for business support providers is more work should be available, but granted with more service providers fighting for the same work.
In addition, with the demise of Business Link and Advantage West Midlands, the level of ‘free’ support on offer is going to significantly reduce/disappear as the Local Enterprise Partnership won’t have the funding (and possibly the mandate) to provide such support. The downside is a lack of free essential support for businesses; the upside is the ability for support providers to offer more training.
Yes the future is not super rosy at the moment but there are always opportunities, you’ve just got to be proactive and continue to evolve and make sure you stand out from the crowd with your business; lets try a little ‘cup is half full’ approach rather than banging on about all the doom and gloom.