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Business Forging Ahead

  • Business Forging Ahead

Border Businesses Forecasting Growth

Continued growth is the aim of Border Businesses over the next 12 months according to the inaugural Compass Business Benchmarking study released yesterday by Albury Northside Chamber of Commerce.

70 Businesses were involved in the first year of the study conducted by Chorus Consulting, with most organisations expecting growth between 1 and 14% during the next year, and a third expecting even more, while 39% are expecting to employ more staff.

Chamber’s Business Development Manager, Carrick Gill-Valance, says he hopes the study to involve more businesses next year and evolve into an integral source of information.

"We definitely see this thing building a lot of momentum, there's nothing like it on the Border at the moment. Next year we hope to building it and strengthening the qualitative and quantitative data that's in the report and hopefully we can turn it into a really positive go-to tool for a lot of businesses to use to make informed decisions and put a little substance behind the decision-making in their businesses."

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An information session to assist business with areas highlighted in the report that are associated with growth, such as recruitment, retention, market share and brand awareness, will be held by the chamber on October 26.