Main barriers to growth identified by executives of small businesses in Auckland, New Zealand
Most common responses only, April 2016, % of businesses (n=296)
Response | % of businesses |
---|---|
Compliance and regulations | 14.000000000000002% |
Current staff - limited expertise / skill gaps | 13.0% |
Economic condition / recession | 9.0% |
Lack of access to financial support / capital constraints | 8.0% |
Lack of access to skilled resources / talent pool within NZ | 6.0% |
Limited financial resources | 14.000000000000002% |
Limited opportunities to expand within the domestic market | 5.0% |
Limited reach / pool of customers | 8.0% |
Price competition from low cost / quality competitors | 20.0% |
Traffic/traffic congestion/signage/costs | 12.0% |