Tag: MYOB Business Monitor

The number of business owners looking to create new jobs this year is declining.

After a tough 12 months, small to medium-sized businesses are finally regaining faith in the economy with less concern over cash flow, fuel costs and interest rates.

Small to medium business confidence in the Federal Government has hit record lows, as almost three in five SMBs report dissatisfaction as a result of a lack of support from Gillard’s Labor Party.

Falling revenue is causing small business economic confidence to dwindle, according to new research. Despite these sales falls, a fifth of SMBs say they’re feeling optimistic that conditions will begin to improve over the next 12 months.

A large proportion of SME’s are doubly invested in today’s interest rate decision with many using their home loan to finance their businesses.

Over half of all SMBs have expressed dissatisfaction with the Federal Government, as many report feeling disrespected and unsupported by Julia Gillard’s Labor party.

One in three SMB owners are positive about their ability to maintain a work/life balance, with many seeing success as finding a balance between making money and retaining a lifestyle.

Julian Smith blogs about how Australian business owners are failing to find the ideal balance between work and the rest of their lives.

“While technology might be making things easier for Australia’s two million small business owners, it’s also blurring the lines between work and personal life. Gone are the days when computers were turned off at 5pm every evening.”

Australians are increasingly comfortable buying goods online but small businesses are lagging behind the trend, and missing opportunities, with new research revealing that only one in three businesses have a website.

Based on the results from the latest MYOB Business Monitor, things aren’t too rosy for many Aussie businesses.