Here are the results of the 2023 Business Survey. The prior year results are below.
The 2023 results are in start contrast to 2022. We had a 190% increase in survey participants this year and there a number of notable trends:
Covid is no longer seen as a threat to business
Although there is a reasonable expected uptick in sales this is not reflected in bottom line expectations with rising costs eroding any increase in profits
Concerns were at an elevated level relating to finding and retaining suitable staff and adequacy of premises. For the first time, parking was noted as an area of concern.
Burn out and the perceived increase in red tape are also strong demotivators with a number of respondents considering closing their businesses down.
