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Business PSI Results Summary Mark McCrindle November 2015 PowerPoint Presentation
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Business PSI Results Summary Mark McCrindle November 2015 - PowerPoint PPT Presentation


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Purpose and usenThe Business PSI is robust not only because the measure comes directly from a survey of business proprietors and managers, but also because it measures current performance, with metrics derived from their actual earnings, expenses, staffing numbers, as well as sentiment – their economic cost and growth forecast and expectations of the 6 months ahead. nRather than being a national measure, the Business PSI is designed to be deployed in local and regional geographies because it measures economic conditions, regulatory settings, and infrastructure in a local context. This allows for a more nuanced understanding of business performance and conditions. It gives a good measure of local economies and allows for comparison of business performance by region, across a city, within a state, and across states. nAdditionally, the Business PSI is designed as a longitudinal instrument, and so business performance can be compared by region over time to get real-time analysis of local economic conditions, and so see the impact of local policies, investment, and infrastructure development, as well as measuring the impact of state and national issues and economic conditions. nnDeploymentnThe Business PSI is a tested and easy-to-deploy 21 question survey which can allow business chambers and local governments to survey their business stakeholders at any point in time, and compare these results to previous measures or benchmark across other areas. nIt also allows industry groups and peak bodies to measure their members and so gain a PSI of specific business categories (such as hair-dressers, real estate agents, etc.) or broader business categories (i.e. retailers, B2B service providers, etc.). The Business PSI results can be compared longitudinally, city by city, or state by state. nAs the Business PSI quantitatively measures business performance yet incorporates attitudes, sentiment, and forecast, it provides a comprehensive measure of actual and attitudinal measures and an index that incorporates recent performance and current forecasts.  nBUSINESS PSI DESIGNnThe McCrindle developed Business Performance Sentiment Index (Business PSI) is an ongoing measure of business performance, conditions, and sentiment, developed from the input of several instruments. nIt delivers a snapshot of how businesses in the region are tracking, thus capturing the current pulse of local businesses. The 2015 inaugural edition of the Business PSI features the results of businesses from across the Hills Shire.

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Business PSI Results Summary Mark McCrindle November 2015


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Presentation Transcript
slide9

SMALL BUSINESS NATION

99.9% of all Australian business are small to medium enterprises

slide10

BUSINESSES IN NSW – ACTIVELY TRADING

700,000

That’s 1/3 of

Australia’stotal

slide11

BUSINESSES STARTS AND EXITS (NSW)

385

New start-ups every

business day

350

New closures every

business day

slide12

SURVIVAL RATES

3 year survival rate – all businesses

61%

3 year survival rate – new businesses

50%

slide13

EXIT RATES - CONTRIBUTING FACTORS

Annual exit rate

By employment

By structure

By turnover

By sector

National: 12.7%

slide14

EXIT RATES - CONTRIBUTING FACTORS

Annual exit rate

By employment

By structure

By turnover

By sector

IT: 14.7%

slide15

EXIT RATES - CONTRIBUTING FACTORS

Annual exit rate

By employment

By structure

By turnover

By sector

Accommodation & food services: 14.9%

slide16

EXIT RATES - CONTRIBUTING FACTORS

Annual exit rate

By employment

By structure

By turnover

By sector

Admin & support services: 15.8%

slide17

EXIT RATES - CONTRIBUTING FACTORS

Annual exit rate

By employment

By structure

By turnover

By sector

Non-employing:

15.5%

slide18

EXIT RATES - CONTRIBUTING FACTORS

Annual exit rate

By employment

By structure

By turnover

By sector

Unincorporated:

17.6%

slide19

EXIT RATES - CONTRIBUTING FACTORS

Annual exit rate

By employment

By structure

By turnover

By sector

Less than $50,000: 20.3%

slide21

METHODOLOGY

  • Online survey August 2015
  • Survey of businesses geographically located in the Hills Shire LGA
  • 179 business owners and managers completed the survey
  • 90% owners/managers of businesses
  • 15 sectors represented
  • Business PSI Research Partners:
slide26

CONDITIONS

PERFORMANCE

SENTIMENT

slide27

3 Categories

9 Measures

21 Indicators

slide48

Non employing businesses

CONDITIONS BY BUSINESS SIZE

-26

-24

-11

-13

Non employing businesses

Micro (1-4 employees)

Small (5-19 employees)

Medium+ (20+ employees)

slide51

PERFORMANCE BY CLIENTS SERVED

-7

12

B2C: Products/services to consumers

B2B: Products/services to businesses, public utilities and/or government

slide54

SENTIMENT BY BUSINESS SIZE

0

8

6

12

Non employing businesses

Micro (1-4 employees)

Small (5-19 employees)

Medium+ (20+ employees)

slide56

NEXT STEPS

  • Further analysis
  • Longitudinal
  • Benchmarking
  • Next deployment: March 2016
  • Supported by:
slide57

Mark McCrindle

+612 8824 3422

info@mccrindle.com.au

www.mccrindle.com.au