Majority of SME owners optimistic about growth - survey

Some 59% of small and medium business owners in Ireland expect the trading environment here to improve over the next year and a half, according to research published today.

Some 59% of small and medium business owners in Ireland expect the trading environment here to improve over the next year and a half, according to research published today.

According to the research by Microsoft Ireland, some 32% of those questioned expect to be more successful in 2012 than they were this year, while 29% say they expect to hire more staff next year.

Just 7% think they will need to make redundancies, according to the research which was carried out by European research house Vanson Bourne.

“The level of optimism that exists and the positive forecasts for growth and job creation are very encouraging," said Managing Director of Microsoft Ireland Paul Rellis.

"Irish small and medium business owners fully recognize the importance of their roles in helping Ireland return to growth and their confidence in the role that they can play is to be welcomed."

Of the businesses surveyed, 65% agree that computing technology will have a crucial role to play in helping their business get through the current economic crisis, while 9% went as far as to say the use of computer technology will be the deciding factor in whether their business thrives or just survives.

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