Technology for business 2014.

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The TEC Business Confidence Index.

  • Released by the Executive Connection, debunks some of the pessimism being felt throughout the country.
  • It also shows that businesses in New South Wales are the most confident, with 92 per cent saying sales would either grow or remain at current levels heading into the new year.
  • The survey also found almost half of the companies surveyed intend to hire more staff in the coming year, while 15 per cent expect to reduce staff.
    But this confidence was not reflected among larger companies, with more than a quarter saying they believed sales would decline in the coming year.
  • Among the larger companies, a total of 38 per cent said they would need to reduce their organisational head count and more than a quarter believed sales would fall in the coming year.
    Chief executive of he Executive Connection Nikki Potter said the small business confidence shouldn’t be interpreted as a return of the good times.

“It does show their resilience and reflects a growing understanding of how business can increase and maintain profitability during a downturn,” Ms Potter said.

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