8020 Financials

The 80:20 Market

This unique service would benefit every business, however, it is the SME market that has the most to gain as they rarely have the resources to provide themselves with the same depth and quality of service in-house.

The Statistics

According to statistics published by the DTI in August 2005:

  • At the start of 2004, SME’s accounted for more than half of the business turnover and employment in the UK.
  • Of the 4.3 million businesses, 99.3% were small, 0.6% medium and 0.1% large.
  • UK business enterprises employed an estimated 22 million people, 46.8% of which in small businesses.
  • The estimated combined turnover of the 4.3 million business enterprises in the UK was £2,400 billion with small businesses accounting for 37% of this.

The Reality

While there is no doubt that our market is huge, one of the key benefits of the 80:20 model and one that our franchisees appreciate most, is that you only require a small number of clients. Unlike many consultancy businesses that are transaction or project based, and therefore, need to continually find new clients. We focus on building a long-term relationship with our clients and we know that it works by the number of referrals we receive.