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Key Findings - By Region
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| Northeast USA |
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Business was on the upside for most companies in the northeast USA, according to the results of the 2005 Sage Software Business Minds Survey, with 63% of companies indicating revenues were up and 54% reporting increased profit. But flip the coin and you find the northeast USA also reporting the highest percentage of companies showing decreased revenue in the past year, with nearly a quarter in that position, and even more, 27%, reporting decreased profits, more than twice the North American average of 12%. |
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What’s challenging companies in this region?
Like all other regions, pricing pressure is the most significant issue — 51% of the companies reported the concern. But these companies have a plan of attack in mind. They have the highest level of planned increases in investment in both marketing and recruitment of all regions in North America. |
Of note for companies in the northeast USA:
- Highest percentage likely to set up a business again — at 88%, the same as Canada and southeast USA. In keeping, also the highest percent likely to recommend a child to set up their own business.
- Highest percentage that identify mobile phone as a “must have” technology for conducting business.
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