Liquid Web, the market leader in cloud hosting solutions for small to medium-sized businesses (SMBs), recently released its study on business success in the COVID-19 era. The findings show which factors have contributed to business growth over the last five years.
Insights show companies experiencing growth during the study period focused on improving employee work environments, outsourcing when necessary, and scaling IT infrastructure.
“We recognize that scaling a business is difficult, especially with the complications of COVID-19 over the last several years, so it’s no surprise that staffing and IT challenges have surfaced,” said Terry Trout, Senior Vice President, Marketing at Liquid Web. “It’s why we’ve created a wide portfolio of fully managed hosting solutions for SMBs and packaged it with expert support. We can be an extension of their team, monitoring and managing their servers, patching security vulnerabilities, and correcting issues before they are aware. We’re more than an expense on their IT budget. We’re a partner in their success.”
Key study findings from the five-year growth period:
40% of companies raised employee compensation.
52% of businesses hired new talent to solve learning gaps within their organization.
75% of businesses outsourced half of their additional staffing needs.
62% of businesses scaled IT infrastructure to accommodate bigger virtual machines.
Participants in the study are U.S.-based business owners, partners, and C-level executives. Participants came from companies with fewer than 5,000 employees that identified as scaling a business within the last five years.
For more information, visit: https://www.liquidweb.com/insights/scale-your-business/