Researching Business Data: Impact of Lockdown on Small Businesses in UK

This study analyzes the impact of lockdown on small businesses in UK based on raw data collected from ONS site. The study shows that small scale enterprises are growing rapidly in UK despite the pandemic. The mean value and standard deviation of the data indicate that small scale enterprises are growing rapidly in UK, supporting the growth of the venture. The study concludes that small scale enterprises and other business houses are growing in UK rapidly, which supports the businesses for enhancing and maximizing the growth of the organization.

1.0% 2.8%
33.9%
14.6% 17.1% 19.7%
10.3%
2.1% 4.2%
30.7%
17.7% 21.5% 16.4%
7.0%
1.5% 4.5%
36.3%
20.3% 17.2% 11.6% 8.0%
2.4% 6.5%
34.0%
22.6%
15.4% 9.9% 8.6%
2.0% 6.8%
32.7%
21.5% 15.9% 11.6% 9.0%
2.0% 6.4%
33.0%
21.3% 16.4% 11.7% 8.8%
1.9% 6.3%
33.0%
21.0% 16.4% 12.1% 8.9%
financial performance of business
0 - 9 * 10 - 49 *
50 - 99 * 100 -249 *
250 + * All Size Bands Excluding 0 - 9 *
All Size Bands *
Research business data
Introduction
The present poster is based upon business
impact during the lockdown in UK and the rationale
for selecting this topic is such that pandemic affected
the SME into negative manner and it affects economy
of a country as well. The entire study is based upon the
sample size of 38760 where all type of workers is
involved.
Raw data collection
The raw data is collected from the ONS site where all the small
business workers are selected from different industry in order to present their
view pertaining to impact of lockdown in business.
Interpretation:
Through the above, it has been interpreted that most of
them stated that turnover is not affected during
lockdown.
REFERENCES
Books and Journals
Jallow, H., Renukappa, S. and Suresh, S., 2020. The impact of COVID-19 outbreak on United Kingdom infrastructure sector. Smart and
Sustainable Built Environment.
Davies, E. and et.al., 2020. The Impact of COVID-19 on Staff Working Practices in UK Horseracing. Animals, 10(11), p.2003.
Online
Impact of small business due to lockdown. 2020. [Online]. Available through:
<https://www.ons.gov.uk/economy/economicoutputandproductivity/output/datasets/businessimpactofcovid19surveybicsresults>.
The mean value is identifying as .241, .2233, 2263
and such other. The standard deviation is identifying
as .1339, .0742, .0844 and such other. The values
clearly indicating that the small scale enterprises ware
growing rapidly in United Kingdom that is further
supproti9ng to the venture for enhancing and
maximising the growth of the venture. The records
are clearly indicating the fact that all the values are
supporting enough to allow the best form of idea
about the growth of the small scale enterprises in the
country. This is also indicated that median value
is .163, .243, .2385, .2295 and such other which is
also indicating and demonstrating the positive results
i9n favour of the business houses operate in United
Kingdom. All this is indicating a clear fact about the
organisation and its possibilities in United Kingdom
to grow. The increased growth further supported to
the level of competition in market as well.
CONCLUSION
This is identify that the small scale enterprises and other business
houses are growing in United Kingdom rapidly. All this supported to the
businesses for enhancing and maximising the growth of the organisation.