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These are The Biggest Concerns for Business Owners in 2023

Mount Equity Group Tokyo Japan > News > Business > These are The Biggest Concerns for Business Owners in 2023

Toronto, ON, Jan. 10, 2023 (GLOBE NEWSWIRE) — According to a new global survey, 72.3% of business owners list rising costs as their top concern for 2023.

Peninsula Group conducted a survey of 79,000 businesses across four countries – Australia, Canada, Ireland, and the UK – to see what the top priorities and concerns were for employers in 2023.

Growth is the main business goal for 58.6% of employers in all four countries, but we can see the impact the recession is having in the UK and Ireland with 38.4% and 34.7%, respectively, listing survival as their main goal for the new year.

Rising costs are the top concern for businesses in Canada (73%), Ireland (87.8%) and the UK (79.9%), whereas in Australia it only comes third. Labour shortages are the top concern for 66.2% of Australian businesses, with employee retention being the second highest concern.

The cost-of-living crisis and staffing shortages are having a significant impact,…

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