24 Sep 2013

Maori businesses optimistic, survey shows

7:32 pm on 24 September 2013

A survey of Maori businesses suggests most are optimistic they won't suffer a revenue dip in the next year.

Accounting software company MYOB says its latest survey of small to medium businesses also shows Maori business operators have enjoyed greater revenue stability in the past 12 months than small to medium businesses in general.

MYOB says 80% of Maori operators reported steady to higher revenue, compared with only 73% of all businesses surveyed. Only 18% of Maori operators reported revenue declines, compared with 24% for businesses generally.

As well, more Maori operators expected steady to higher sales in the next 12 months than businesses generally.

MYOB New Zealand general manager James Scollay said the results reflected a healthy New Zealand economy.

"What we're seeing is the positive revenue trend in the overall New Zealand small business sector is being reflected in the Maori business community as well," Mr Scollay said.

"In many cases, they're even more positive.

"So we're seeing further encouraging signs of growth and stability developing, with 90% of Maori business owners expecting to see steady or increased revenue in the 12 months to August 2014, and that compares to 84% of overall small businesses."

The survey covers more than 1000 small-to-medium businesses.