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The inaugural Servcorp Australian Business Growth Monitor released its findings regarding business sentiment, trends and issues affecting Australian businesses. 441 business executives and owners were surveyed in June 2013.

We thought the following key highlights encouraging and of interest given the lack-luster year in 2012-2013. The research shows that in the next 12 months:

  • 60% of businesses expect growth
  • 33% of those business that experienced a decline in revenue over the past financial year predict a turnaround
  • 70% plan to invest in technology to help grow their business

The survey suggests that companies may need to become more efficient in order to grow with 47% of businesses missing out on a major deal due to; price (23%), being considered to small (13%), and not able to scale up operations fast enough (10%).

If you would like to see Servcorp’s key findings click here