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Measuring the confidence and performance of small businesses across NSW


Small Business Momentum Survey

October 2022


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31% of businesses indicated they were confident in their individual business prospects.

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83% of businesses indicated they were concerned about the cost of business inputs. 

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New challenges


23% of businesses indicated they need staff but haven’t considered hiring a skilled migrant.

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57% of businesses that have plans to expand are looking to hire additional staff. 

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32% of businesses indicated they have plans to grow, alter or expand operations. 

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18% expect revenue to increase, compared to 31% expecting a decline.