Home topics news News Small Business Startup News Start-up confidence down despite rise in revenue Guillermo Troncoso October 29, 2014 The Australian start-up sector is experience a rise in revenue, yet the outlook for revenue growth is significantly lower than the same period last year. 63 per cent of start-ups reported an increase or steadfast level of revenue in the 12 months to August 2014, according to the latest MYOB Business Monitor. 23 per cent recorded an increase in revenue and 40 per cent reported steady revenue, while 27 per cent of start-ups reported a decline in income. The figures point to an improvement in overall trading performance compared to the results reported in August 2013, which saw 24 per cent of start-ups report an increase in revenue, 29 per cent report steady revenue and 34 per cent report a decline. Figures recording confidence in revenue growth were considerably lower, with only 26 per cent of start-ups reporting expectations of a rise in revenue in the 12 months to August 2015. This figure is significantly lower than last year, which saw 64 per cent of start-ups expecting a rise in revenue. “It’s discouraging to see a ‘grey cloud’ hovering over this dynamic, eager group’s confidence levels in the year ahead,” said MYOB CEO, Tim Reed. “We can only hope that we see their confidence bounce back as start-ups embrace the start of a New Year. It’s critical for government and industry to inject practical, strategic policy to help lift this