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By Zilla Effrat With 2023 coming to a close, we report on the top 10 issues facing Australian small businesses to help you prepare for the Christmas season and beyond. 1. Rising wages Rising wages are the greatest concern of SMEs, particularly smaller businesses with revenue of less than $5 million, according to the latest […]
Read moreSpeed, ease and dependable customer service! These are the common themes Australian SMEs are looking for when sourcing new business finance or refinancing existing loan facilities in 2023. Topping the list for SMEs was the onboarding process, with an overwhelming 95% of businesses saying they want the least amount of paperwork and administrative hurdles – […]
Read moreA steady supply of working capital is vital to the success of SMEs. Whether it’s for business expansion, investing in new equipment or any other reason, companies need funding to stay afloat. Unfortunately, obtaining funding has become increasingly difficult in recent years. Scottish Pacific’s March 2019 SME Growth Index discovered that 1 in 5 SMEs […]
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Read moreQueensland SMEs have brushed aside the uncertainty of a State election to surge to the top of the national rankings for projected business growth. An impressive 84% of SMEs in Queensland are forecasting a jump in revenue to March 2025, by a remarkable average of 11%. Only 9% of the State’s SMEs are predicting a […]
Read moreAs the end of the financial year approaches in 2024, it’s important for businesses to start thinking about their tax obligations and financial strategies. Here are the top ten tips to help you make the most of the 2024 end of financial year: 1. Review your financial statements Take a close look at your […]
Read moreHiring challenges and staff shortages have been identified as the major roadblock to small and medium enterprises (SMEs) reaching their revenue targets in 2022. According to the latest round of the SME Growth Index report by Australia’s leading non-bank business lender, ScotPac, just under half of the 700 plus SMEs surveyed (46%) are on track […]
Read moreRising wage inflation is the top concern for small business with over 70% of SMEs worried about increased wage costs impacting their business this year. According to the latest round of the SME Growth Index by Australia’s leading non-bank business lender, ScotPac, 75% of larger SMEs (revenue between $5 – $20 million) are worried about […]
Read moreFor many people, the summer season is a time to relax and enjoy the long summer days, lazy evenings and a chance to take a long relaxing holiday. However, the reality for many small business owners and managers can be a world apart, especially for those whose busy period falls in the summer months. Seasonal […]
Read moreSMEs are prioritising sales and business development tools above all other innovation investments, confirming the strong appetite for growth and productivity in the sector. The renewed spending on sales support saw it edge ahead of customer service tools as the largest category of innovation spending for SMEs. Investment in manufacturing or production improvements was also […]
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