{"id":73712,"date":"2021-02-05T04:56:39","date_gmt":"2021-02-04T17:56:39","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/goldenplains\/?p=73712"},"modified":"2021-02-02T12:18:47","modified_gmt":"2021-02-02T01:18:47","slug":"regions-business-confidence-low","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/","title":{"rendered":"Region\u2019s business confidence low"},"content":{"rendered":"

THE results are in for the 2020 Ballarat Business Confidence Survey and they are challenging.<\/p>\n

Although last year\u2019s survey reported strong confidence in the future with expectations to improve profits, sales and investment returns, 2020 proved to be a challenge for much of the region\u2019s businesses.<\/p>\n

The survey had 96 respondents and encompassed 18 businesses from a variety of industries including hospitality, tourism, financial services, and health.<\/p>\n

Using software to analyse the collected qualitative data, Federation Business School lecturer Dr Moulik Zaveri said the findings show that business confidence is significantly lower in 2020 compared to 2019 mostly due to COVID.<\/p>\n

\u201cThere was decreased spending, fear of losing jobs, not knowing where the next meal is coming for some and this was all expected given the times but sometimes it\u2019s just good to just validate what you anecdotally know with objective data,\u201d he said.<\/p>\n

\u201cSome of the businesses did really well over this time which mostly depended on the nature of the business or their ability to be agile and quickly responding to the circumstances.<\/p>\n

\u201cSome others also took this time to restructure, reflect and introspect and think about how they will change things about how they do business.\u201d<\/p>\n

Although bushfires and the COVID-19 pandemic provided a variety of challenges, Dr Zaveri said the data showed those roadblocks also offered a chance to restructure and reflect.<\/p>\n

\u201cThere was a sense of frustration but also a genuine interest in improving things\u2026 the community is very passionate about business,\u201d he said.<\/p>\n

\u201cFrom the 18 interviewees 26 comments were made on the local government in terms of the support they needed, the benefits they were not receiving, costs of setting up and running business.<\/p>\n

\u201cThere are four areas that businesses said they are going to focus on post COVID\u2026 business expansion, stronger relationships with clients and community, effective marketing and communications and wellbeing of staff.\u201d<\/p>\n

Chair of Regional Development Australia Grampian\u2019s Region, and Victoria\u2019s Small Business Ministerial Council, Stuart Benjamin, said based on the data, it appeared people were hoping for some sort of strategic plan.<\/p>\n

\u201cThe key theme that came out is that people were looking for all stakeholders to be a part of the plan,\u201d he said.<\/p>\n

\u201cWe had seen other regional communities and places like Geelong having a plan for what we were going to do which is where some of the frustration may have come from.<\/p>\n

\u201cI was surprised that so many respondents actually wanted government to become more involved with their business\u2026 the fact that they wanted to work with local government was really interesting.\u201d<\/p>\n

On strategic planning, Dr Zaveri added, \u201cWe need a plan which is beyond names, titles, leadership, governments and management because these things change, the region will not and we need to plan for the region.\u201d<\/p>\n

Although the report found an overwhelming decrease in business confidence in the region, Dr Zaveri said he noticed a widespread sense of hope among many of the participants for the future.<\/p>\n

\u201cAll of the people we interviewed unanimously agreed that Ballarat is a growing region with a lot of growth opportunities, many describing Ballarat as attractive\u2026 full of opportunities,\u201d he said<\/p>\n

\u201cEven during that time of crises in 2020, one thing that didn\u2019t fade from the back of many businesses minds was that Ballarat is still a great region to operate a business.\u201d<\/p>\n

Introducing the report Commerce Ballarat deputy-chair Hayley Coates said the organisation hopes the survey will continue in future years.<\/p>\n

\u201cOur researchers have done an amazing job we believe in capturing a moment in time pre and during COVID,\u201d she said.<\/p>\n

\u201cThis report would not be possible without the support of Federation Business School and the wonderful Dr Moulik Zaveri and the City of Ballarat as well.\u201d<\/p>\n

The report is currently available on Commerce Ballarat<\/a>\u2019s website for public viewing.<\/p>\n","protected":false},"excerpt":{"rendered":"

THE results are in for the 2020 Ballarat Business Confidence Survey and they are challenging. Although last year\u2019s survey reported strong confidence in the future with expectations to improve profits, sales and investment returns, 2020 proved to be a challenge for much of the region\u2019s businesses. The survey had 96 respondents and encompassed 18 businesses […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":164,"featured_media":73713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-73712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nRegion\u2019s business confidence low - Golden Plains Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Region\u2019s business confidence low - Golden Plains Times\" \/>\n<meta property=\"og:description\" content=\"THE results are in for the 2020 Ballarat Business Confidence Survey and they are challenging. Although last year\u2019s survey reported strong confidence in the future with expectations to improve profits, sales and investment returns, 2020 proved to be a challenge for much of the region\u2019s businesses. The survey had 96 respondents and encompassed 18 businesses [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/\" \/>\n<meta property=\"og:site_name\" content=\"Golden Plains Times\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-04T17:56:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-content\/uploads\/sites\/23\/2021\/02\/Business-Survey-scaled-e1612228650683.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ruby Staley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ruby Staley\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/\"},\"author\":{\"name\":\"Ruby Staley\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#\\\/schema\\\/person\\\/1c39b3a145f39b0fcf908463ce6e578e\"},\"headline\":\"Region\u2019s business confidence low\",\"datePublished\":\"2021-02-04T17:56:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/\"},\"wordCount\":636,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2021\\\/02\\\/Business-Survey-scaled-e1612228650683.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/\",\"name\":\"Region\u2019s business confidence low - Golden Plains Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2021\\\/02\\\/Business-Survey-scaled-e1612228650683.jpg\",\"datePublished\":\"2021-02-04T17:56:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/#primaryimage\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2021\\\/02\\\/Business-Survey-scaled-e1612228650683.jpg\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2021\\\/02\\\/Business-Survey-scaled-e1612228650683.jpg\",\"width\":1000,\"height\":667,\"caption\":\"Surveyors: Small Business Ministerial Council chair Stuart Benjamin, Commerce Ballarat deputy chair Hayley Coates and Federation Business School lecturer Dr Moulik Zaveri presenting the report. Photo: RUBY STALEY\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/news\\\/regions-business-confidence-low\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Region\u2019s business confidence low\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#website\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/\",\"name\":\"Golden Plains Times\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#organization\",\"name\":\"Golden Plains Times\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2020\\\/12\\\/GoldenPlainsNew.png\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2020\\\/12\\\/GoldenPlainsNew.png\",\"width\":3208,\"height\":336,\"caption\":\"Golden Plains Times\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#\\\/schema\\\/person\\\/1c39b3a145f39b0fcf908463ce6e578e\",\"name\":\"Ruby Staley\",\"sameAs\":[\"http:\\\/\\\/www.rubystaley.com\"],\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/author\\\/ruby\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Region\u2019s business confidence low - Golden Plains Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/","og_locale":"en_US","og_type":"article","og_title":"Region\u2019s business confidence low - Golden Plains Times","og_description":"THE results are in for the 2020 Ballarat Business Confidence Survey and they are challenging. Although last year\u2019s survey reported strong confidence in the future with expectations to improve profits, sales and investment returns, 2020 proved to be a challenge for much of the region\u2019s businesses. The survey had 96 respondents and encompassed 18 businesses [...]Read More...","og_url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/","og_site_name":"Golden Plains Times","article_published_time":"2021-02-04T17:56:39+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-content\/uploads\/sites\/23\/2021\/02\/Business-Survey-scaled-e1612228650683.jpg","type":"image\/jpeg"}],"author":"Ruby Staley","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ruby Staley","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/#article","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/"},"author":{"name":"Ruby Staley","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#\/schema\/person\/1c39b3a145f39b0fcf908463ce6e578e"},"headline":"Region\u2019s business confidence low","datePublished":"2021-02-04T17:56:39+00:00","mainEntityOfPage":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/"},"wordCount":636,"publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#organization"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/#primaryimage"},"thumbnailUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2021\/02\/Business-Survey-scaled-e1612228650683.jpg","articleSection":["News"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/","url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/","name":"Region\u2019s business confidence low - Golden Plains Times","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#website"},"primaryImageOfPage":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/#primaryimage"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/#primaryimage"},"thumbnailUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2021\/02\/Business-Survey-scaled-e1612228650683.jpg","datePublished":"2021-02-04T17:56:39+00:00","breadcrumb":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/#primaryimage","url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2021\/02\/Business-Survey-scaled-e1612228650683.jpg","contentUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2021\/02\/Business-Survey-scaled-e1612228650683.jpg","width":1000,"height":667,"caption":"Surveyors: Small Business Ministerial Council chair Stuart Benjamin, Commerce Ballarat deputy chair Hayley Coates and Federation Business School lecturer Dr Moulik Zaveri presenting the report. Photo: RUBY STALEY"},{"@type":"BreadcrumbList","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/news\/regions-business-confidence-low\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/timesnewsgroup.com.au\/goldenplains\/"},{"@type":"ListItem","position":2,"name":"Region\u2019s business confidence low"}]},{"@type":"WebSite","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#website","url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/","name":"Golden Plains Times","description":"","publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/timesnewsgroup.com.au\/goldenplains\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#organization","name":"Golden Plains Times","url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#\/schema\/logo\/image\/","url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2020\/12\/GoldenPlainsNew.png","contentUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2020\/12\/GoldenPlainsNew.png","width":3208,"height":336,"caption":"Golden Plains Times"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#\/schema\/person\/1c39b3a145f39b0fcf908463ce6e578e","name":"Ruby Staley","sameAs":["http:\/\/www.rubystaley.com"],"url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/author\/ruby\/"}]}},"_links":{"self":[{"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/posts\/73712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/users\/164"}],"replies":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/comments?post=73712"}],"version-history":[{"count":0,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/posts\/73712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/media\/73713"}],"wp:attachment":[{"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/media?parent=73712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/categories?post=73712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/tags?post=73712"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/post_folder?post=73712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}