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Amazon Prime Day 2017: When is it and where are the best deals? However, there are some steps SMEs can take to boost confidence in their own business, and I also believe we at Amazon have a role to play in helping build the confidence of British SMEs. The key is to focus on boosting productivity by helping SMEs work more efficiently and effectively to maximise their output, growth and job creation. This sounds simple, and can be simple – if SMEs focus on investing in the growing digital economy and adopting technology innovations to be leaner and more flexible, so they can grow and scale at low cost. Enhancing productivity not only means more profits for SMEs and greater insurance against economic uncertainties; it also boosts the UK economy and makes our country more competitive globally. Earlier this year, we joined the Productivity Leadership Group (PLG) , a new business-led organisation backed by the UK Government to increase productivity amongst businesses in the UK. The PLG found that if all except our most competitive businesses were able to improve their productivity to match the companies ranked 10 per cent above them, an additional £130bn Gross Value Added (GVA) would be unlocked every year – certainly a boost to business confidence. The productivity power of e-commerce is also evident in the findings from our SME Growth Tracker. It shows SMEs that use e-commerce expect greater growth in revenue, jobs and profits over the coming year, compared to those that don't. Limiting UK's access to EU workers 'will put business growth at risk' In the coming year, e-commerce will account for 36p for every pound of revenue for SMEs that use e-commerce, and that figure is even higher for microbusinesses, employing five or fewer people, who expect it to account for 42 per cent of their revenue.
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