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.
The latest figures from MYOB’s Business Monitor Report reveals businesses are generally optimistic about current conditions. 33 per cent of SMBs expect the economy to improve in the next twelve months, while 32 per cent think it will remain much the same. This year’s results show an improvement on last year when only 25 per cent… Read more »
Business confidence is rising but cash flow continues to remain an issue for Australia’s small businesses according to a Scottish Pacific’s SME Growth Index. The report which is released twice yearly, began in September 2014 to examine the pain points and growth aspirations of the nation’s small business owners. Scottish Pacific CEO Peter Langham said… Read more »
Without sales you have no business. And for most starting a new business there are often no funds to employ a sales team. As well as the CEO, CFO, designer, bookkeeper, marketing guru, etc., you also need to become the sales authority in your business. You may have full confidence in your product or service… Read more »
Business confidence rose by nine points this quarter, to now sit at the highest level in more than five years among Australia’s small and medium businesses (SMBs).