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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.