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 »
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 »
The adoption of digital tools is no longer a ‘nice to have’ but a “critical business decision for SMEs”, says MYOB CEO Greg Ellis, following the release of the latest MYOB Business Monitor Report. MYOB’s biannual survey of Australian small business owners found those who were digitally savvy were the best equipped to survive the… Read more »
68 per cent of small business owners say revenue is down due to the impact of COVID-19 1 in 5 small businesses were very unprepared for the pandemic to hit 26 per cent of small businesses say the impact of the epidemic will last at least a year or two 1 in 4 respondents think… Read more »
More than a third (39 per cent) of Gen Y business loan applications have been denied in the last twelve months according to MYOB’s latest Business Monitor report.
Less than a third (31 per cent) of Australian small businesses are satisfied with the level of support they’re receiving from the Federal Government, according to MYOB’s latest Business Monitor report. MYOB CEO, Tim Reed believes winning the favour of the small business sector by putting policies forward that will make it easier to do… Read more »
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 »
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