Originally Posted by
Joshuatree
Int discussion wth XERO managing director Chris Hudson on national radio this morn.
Data on small business insight
Small business , 20 employees or less make up re 29%of gdp
Core platform data from 300,000 subscriptions analysed into 5 metrics
More and more accurate data then the govt has and it will be released every 4 months
XERO are highlighting a part of the economy that hasn't had the light of day for a long time.
Small business doing better than last year, with a 7-10% growth
Hiring over and above the national average
Month on month there is a slight slowing from a gallop to a canter but that could be seasonality, winter construction etc.
Time to being paid has improved 5.1% a very positive metric
A very different story on where business confidence is. A political football being kicked around. Small business is stable, a glass half full positivity. But this is being undermined. The gloomy perceptions being pushed by media and the opposition, putting doubt into small business minds, talking ourselves into a hole. Its actually going well and they are looking to hire more staff but because of what they are hearing through the media maybe they won't hire. talking ourselves into gloominess. false perception can become reality.
Thats what i call being traitor to your country, pushing the fake news ,like some are...