Thriving Businesses UK: The Sectors on the Rise
Thriving Businesses UK: The Sectors on the Rise, and How to Join Them
The last two years have seen unprecedented change across the business landscape. But despite the negative impact of the pandemic, there has been a surge in fortune for a number of industries, leading to a number of thriving businesses UK wide. Here we explore the sectors that are now on the rise, whilst also taking a look at some top tips to scale your business and join the ranks of the successful.
Online shopping escalated during the pandemic, where many people had little choice but to shop from home. The trend has stuck, and the fact that online retail giant Amazon has added 100,000 new jobs to manage the additional demand sums up the scale of growth in this sector.
Online grocery shopping services such as Deliveroo have also experienced huge growth. GoGetters for example, a food delivery company based in Hertfordshire and Essex, has experienced 300% growth and employed 250 drivers.
What’s more, a recent study from Juniper Research has forecast that the value of global ecommerce payment transactions will exceed $7.5 trillion globally by 2026, up from $4.9 trillion in 2021, showing a growth rate of 55%.
Services that support remote working have become some of the most thriving businesses UK and worldwide.
Video conferencing platform Zoom benefited considerably during the pandemic, with the company’s sales and share price rising by 50%. Microsoft Teams and Skype followed suit and, in the wake of the pandemic with many businesses permanently adopting remote or hybrid working, this is another industry set to experience continued growth.
Home health and fitness
In the week following the first lockdown announcement, orders for health and fitness equipment escalated by 163% year-on-year, with word-of-mouth referrals increasing by 361%.
Whilst orders for home health and fitness brands have now dropped back since the reopening of gyms, they still remain significantly higher than pre-pandemic numbers. So says research from Mention Me, volumes are up 85% year-on-year.
How to scale your business
When planning to scale your business, there are some core lessons to follow.
Establish employee loyalty
Loyal employees are the bedrock of a successful business. Everything they get out of their employment, they put back in. This directly affects productivity, and commitment to providing an exceptional service for customers.
Investing in people is one of the best ways to scale your business. Providing training and support to fulfil personal and career goals is a good place to start. Supporting workplace well-being and mental health is another. And creating a great working environment is also vital.
The workforce of today expects certain workplace facilities and flexible working. Breakout zones; onsite cafés and gyms; bicycle hire and storage; showers and lockers and personally controllable light and temperature are just a few examples of what the modern office is offering in an attempt to boost employee loyalty.
Develop a business roadmap
Most organisations have a business plan, but few have a business roadmap. These are a great way to scale your business and achieve your goals. The process of creating a roadmap prompts you to ask questions that will shape your growth, as well as challenging you to look at where you came from, define your purpose and set goals for the future.
Having all of this set down is an essential step if you want to scale your business, and will help keep you on track and focused on your endgame.
Build your brand
An identifiable brand with clear values will always stand out amongst the competition. It is vital to establish a brand if you are going to scale your business, so be sure to invest in this process.
Start by researching what your customers really need, and setting out what you can do to solve their problems. Be clear on what you can offer that no one else does, and map out your key messages to use in all your communications.
A brand sets the tone for an organisation’s culture so, as you scale your business, you will start to set a benchmark for recruitment and the level of customer service that will earn you a positive reputation. A strong brand will ring through in all you do, so don’t overlook the importance of building one.
Choose the right business premises
Your premises will play a vital role in how you scale your business. Location will influence your ability to hire the right workforce, and may also shape your customer base, depending on the type of industry in which you operate.
If you have plans to scale your business from the outset, you may wish to consider choosing premises that will grow with you. If you can avoid relocating by sourcing the right building in the right location at the start, then you will sidestep a lot of disruption down the line. Flexibility is key, so do factor this in when choosing a home for your business.
Seeking flexible office space? Heathrow could make the ideal location.
If business growth is on your agenda and you are keen to choose premises that will support you as you scale your business, why not consider Heathrow as a location?
Heathrow is exceptionally well located, benefiting from excellent transport links, including Heathrow Central Railway Station with its non-stop service to and from Paddington, and with the M4, M25, A4 and A30 all making it easily accessible by road. And now Crossrail is completed, Heathrow links seamlessly with much of east London.
Locating your business in Heathrow could also present incredible potential for international growth, with such close proximity to a global audience. This is precisely why there has always been great demand for office space in Heathrow, and why thriving businesses UK wide consider it one of the best commercial locations in the country.
Looking for office space? Heathrow and The Mille could prove the perfect location for your business.
The Mille is a recently refurbished landmark building situated on the Great West Road in Brentford, just 10 miles from heathrow.
The building offers co-working spaces; fully fitted, serviced offices, and open plan offices for rent on a traditional lease basis.
Superfast fibre optic broadband, dedicated car parking, an onsite gym and café, shower and changing facilities, covered cycle racks and free Brompton bicycle hire, plus 24-hour access and security are all features that make this modern workspace incredibly attractive when you’re looking to scale your business.
To learn more about sourcing your perfect, business-growth-friendly office space in Heathrow, you are welcome to contact one of our sole agents to arrange a viewing at The Mille.