Small business owners across Australia are feeling the pinch as the cost of doing business skyrockets, with one in five forced to cut personal income, according to the latest findings from the MYOB Business Monitor. The report, based on a survey of over 1000 Australian small business owners and operators, highlights the increasing challenges… Read more »
Recently, I’ve been discussing how the economy’s slowing down, and with the recent interest rate rises, there is a potential risk of entering an economic recession. This warning has been reinforced by a Xero report, which highlighted small business owners’ gloomy outlook regarding their current situation and future prospects. While it’s essential for business… Read more »
One of the biggest things holding entrepreneurs back from making bigger, better decisions for their business is anxiety over making a bad choice. Here are five things all business owners should remember when it comes time to make a business-changing decision, writes former Flying Solo editor, Kelly Exeter. Few things cause more anxiety for business… Read more »
The Roy Morgan Business Confidence Index has dropped by 18.7pts (-15.6%) to 101.5 in January, the biggest monthly plunge since the pandemic took hold in April 2020. The drop in confidence coincides with the massive rise in Omicron cases around the nation, as the country recorded over two million infections with the new variant and… Read more »
Over a third of small business owners (35 per cent) are feeling increased pressure due to COVID-19 according to MYOB’s latest Business Monitor report. While the figure is down 20 per cent on last year, indicators suggest pressure is mounting across other areas of business as the pandemic continues. Cash flow remains a top business… Read more »
66 per cent of small businesses are concerned Australia will experience a recession and 62 per cent believe the severity will be the worst in 20 years. 61 per cent of small business owners say COVID-19 has negatively impacted their business Two-thirds of SMEs are planning to consolidate or cut costs in the coming year.… Read more »
Surviving the COVID-19 pandemic has become the major concern of small business owners according to the latest COVID-19 SME Weekly Research Tracker. The number of small to medium Australian businesses that are very concerned about their survival has jumped from a third to 41 per cent.
In good news for business sentiment, Prushka Fast Debt Recovery reports the number of businesses winding up is on the decline. Applications to wind up decreased by 8 per cent in the July to September quarter with only 940 businesses issuing notices to wind up during the three month period. Victoria remains the state with… Read more »
Have you missed today’s headlines? Never fear. Catch up on the news that matters to small business owners with our daily news briefs. Here’s what you need to know on Friday, October 11, 2019. Small business ombudsman launches insolvency inquiry The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has announced an inquiry into… Read more »
Despite increasing business confidence, the August 2019 Sensis Business Index has revealed Australia’s small business owners remain concerned by a lack of access to finance.
Businesses are more confident about the year ahead according to research by Roy Morgan with 53.9 per cent of businesses expecting to be better off financially this time next year. While business confidence is virtually unchanged since May (following an 11 per cent bump after the results of the federal election), the positive sentiments continued… Read more »
The Sensis Business Index has revealed small business confidence fell across the nation as SMB owners express concern around the health of the Australian economy.
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