News
Trades, construction SMEs’ profits up despite challenges
Trades and Construction businesses see spike in profits despite uncertain economic times thanks to financial advice.
Tag: Survey
News
Recession or inflation: what’s worse, according to Australian SMEs
A new survey reveals that 1 in 3 Australian SMEs might have to close shop in the first six months of economic downturn.
News
Half of businesses lost custom in COVID-19 due to bad communication and bad tech
New research from Pegasystems Inc., the software company empowering digital transformation (DX), reveals half (50%) of Australian organisations surveyed lost customers during the COVID-19 pandemic due to failings in their communications. This is way above the global average of 36 per cent. The global study, conducted by research firm Savanta, explored the effect the global pandemic has […]
Small Business
Cash flow struggles were crippling SMEs before coronavirus
Prior to the coronavirus crisis and subsequent shutdowns, Australian SMEs were already struggling with cash flow; this is according to new research which shows 52 per cent of business owners had issues with paying themselves. Why were employers so quick to let their staff go when coronavirus came? When the government announced the shutdowns, many […]
Small Business
Research: Last minute Christmas shopping is a thing of the past
Shoppers are changing their ways.
Finance
Inability amongst Aussie SMEs to access credit ‘deepens’ economic downturns, slows recovery
The growth of SMEs is being significantly restricted by their inability to access credit readily, according to the results of a survey commissioned by fintech lender GetCapital. The Businessloans.com.au Small Business Credit survey was completed by 611 SMEs, defined as businesses with between 5 and 250 FTE and an average minimum revenue between $50,001 and […]
