Economy

In the face of unprecedented challenges, the Council of Small Business Organisations Australia (COSBOA) and Square Australia have jointly unveiled their illuminating 2023 Small Business Data Report. This comprehensive analysis delves into the struggles and triumphs of Australia’s small business sector against the backdrop of

Many small and family businesses say their biggest and most pressing cost pressure is not wages, energy or even landlords putting up the rent; it’s insurance, writes Small Business and Family Enterprise Ombudsman Bruce Billson. Finding adequate insurance cover at commercially viable terms is fast

The latest Employment Hero SME Index, which uses an accumulative dataset of over 150,000 small and medium-sized businesses (SMEs) and 1.5 million employees, reveals wages in Australia’s SME sector have declined month-on-month (MoM) for the first time in six months, signaling further rate rises in the near

The Australian small business landscape is a dynamic arena, and navigating its shifting currents for continued growth can be a demanding task. While familiar headwinds like economic fluctuations and competitive pressures remain, 2024 offers promising pockets of opportunity for those venturing off the beaten path.

Australia has long thought of itself as the lucky country. Whenever its economy has started to falter, a commodity boom has usually come along to restore prosperity… until in the 1980s, when the rest of the world failed to rescue us, and we embarked on

This month saw a steep drop in businesses that are looking to hire additional staff, decreasing from 52 per cent in October to 35 per cent in November. Expectations around profitability and revenue have also declined with only 9 per cent of businesses expecting profitability

Results released today show that revenue in the Australian video game industry has risen to $345.5 million, an increase of 21% over the past financial year. The results are part of the eighth annual Australian Game Developer Survey (AGDS), released by peak industry body, the

Significant changes to Australia’s migration system, announced today by the Federal Government, will deliver better long-term outcomes by better targeting key skill shortages, lifting productivity and strengthening the economy, according to the Business Council. BCA Chief Executive Bran Black said the Migration Strategy included many

Seven of 13 industries reported falls in business turnover in October, according to figures released today by the Australian Bureau of Statistics (ABS). Robert Ewing, ABS head of business statistics, said falls were seen across industries that rely heavily on consumer spending. “Arts and recreation