Nearly 500,000 Small Business Trading Without Digitalisation
Nearly 500,000 small businesses across Australia are currently trading with little to no digitalisation measures, while 34 percent of business who have were found to be more profitable as a result. On Tuesday 11th May MYOB published the findings of new research which discovered that 466,062 small and medium-sized businesses have been left in the […]
Business Confidence in Australia Reaches 7 Year High
In April 2021, business confidence surged to a seven-year high, increasing from 62.9 to 125.3 thus rising by 48.4 points from levels recorded 12 months ago. Just over one year ago, business confidence hit a covid-19 pandemic record low of only 76.9 during the month of April 2020. Business confidence is 11.6 points above the long-term […]
The Benefits of Embracing Digitalisation
The conception of digitalisation is something that thrills some business owners but at the same time frightens others just as much. If you run a business, many digitalisation options might have already been introduced into your business strategy. At the same time, you might also be hesitant to implement various elements of digitalisation. It is […]
Australia’s Unemployment Has Fallen To 5.5 Percent Despite JobKeeper Ending
Recent figures released by the Australian Bureau of Statistics (ABS) have revealed that Australia’s unemployment has fallen to 5.5 percent. This has surprised many people, due to the fact that when the federal government’s JobKeeper wage subsidy ended on the 28th March it was anticipated to create a cliff that would plunge thousands of workers […]
The Current Rate of Underemployment in Australia
When the Australian Bureau of Statistics (ABS) releases its monthly survey of the labour force, a person is only required to work a minimum of 1 hour a week to be considered as “employed”. On the surface this might make people believe that the government is trying to manipulate the unemployment data to make the […]
The Queensland Government Announces the Business Growth Fund Program
The Business Growth Fund Program (BCF) is a new program announced by the Queensland Government. The BCF provides funding to small and medium-sized businesses experiencing high-growth to buy specialised equipment to unlock growth potential, increase production, expand your workforce and maximise economic returns. Applications opened on Tuesday 11th May and will remain open until funding […]
Australia’s Small Business Sector Needs to Create 210,000 More Jobs to Ensure Full Economic Recovery
New research released by Xero on Wednesday 5th May illustrates that Australia was one of the fastest recovering economies in the world during the second half of 2020. It has been revealed that only 210,000 more jobs need to be created across Australia’s small business sector by the end of this year to drive a […]
The Queensland Government’s Small Business Covid-19 Adaption Grant Program
The purpose of the Queensland Government’s “Small Business Covid-19 Adaption Grant Program” is to support small businesses subject to closure or who have been highly impacted by covid-19 enforced shutdown restrictions. This program aims to help small businesses to adapt and sustain their operations, whilst building resilience. The program aspires to help small and micro […]
The Fallout of JobKeeper Has Been Overstated
The Australian Government has revealed that between 16,000 and 40,000 workers who were on JobKeeper during its final stage have lost employment since the $90 billion wage subsidy program was discontinued on Sunday 28th March. The recently released figures, are drawn from estimates from Single Touch Payroll microdata for the fortnight ended Sunday 11th April, […]
The SME Recovery Loan Scheme Has Opened
The SME Recovery Loan Scheme opened on Thursday 1st April and will be available for small to medium enterprises (SMEs) across Australia until 31st December 2021. The purpose of the scheme is to support the economic recovery, and to offer continued assistance, to businesses that received JobKeeper and also to organisations that are eligible flood-affected […]
