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37% of small businesses looking to expand operations

Small business optimism has improved this month with confidence rising to 40%, up from 29% in July. Confidence in local economies has also increased from 19% to 26%.

COVID-19 is no longer a primary issue, with attention turning towards the rising cost of business inputs, cash flow and/or working capital and mental health or stress levels for both staff and owners.

Although staff shortage concerns have risen since last month, 37% of businesses still have plans to expand their operations. Of these businesses, 67% are looking to hire additional staff.

While the percentage of businesses expecting an increase in revenue and profitability has risen since July, a greater percentage of businesses are still indicating that they anticipate a decline.



Also read: Survey of executives and employees finds workforce satisfaction plummeting


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Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
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