When the economy hits a rough patch, small and medium businesses suffer first and often worse than their larger counterparts. But why is this, and how can consumers and businesses owners best withstand economic shocks? Since the start of the pandemic, we have seen small businesses suffer through lockdowns, reduced capacities and COVID-19 restrictions. These […]
Would your business survive if a recession hit? While I don’t believe Australia is facing an impending recession in the immediate future, it’s not a question of “if” but “when” and there’s no better time to start planning than right now. Small business owners are often too busy to think about contingency planning, but to […]
Is Australia heading towards a recession? A combination of factors including rising Australian household debt, the state of the energy market and the fact that Australia hasn’t experienced a recession for 25 years, have led many commentators to speculate that a recession or slow down may be imminent. The good news is that SMEs can […]
The Australian Industry Group has called for the Federal Government to delay the commencement of the 2010 carbon emissions trading scheme (ETS) due to the current economic crisis. Supporters of the scheme, the group suggested the government pass legislation to ensure implementation, but has recommended the government postpone the scheme until 2012. “Businesses are strapped […]
In times of economic uncertainty, businesses are looking for advice on how to survive the downturn. We asked our expert panel the best piece of business advice they had ever been given. Sharon Williams, MD, Taurus Marketing www.taurusmarketing.com.au A business mentor, Murray Baker of SmartOpinion, told me early on when I founded my business, that […]
In his address at the NSW Chamber of Commerce luncheon in Sydney yesterday, Rudd spoke of the financial crisis and the need for all Australians to work together to get through the downturn.
Small business owners were left unimpressed by his address, according to Sydney Morning Herald reports, with one business owner claiming the speech was “all spin and no substance.”
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