search results for small business
The Productivity Commission has been tasked by the Australian Federal government to undertake a study that aims to make businesses easier to operate. The study will address regulatory reform opportunities and evaluate reform outcomes. This study will replace the commission’s fifth annual review of regulatory burdens on businesses, seek public submissions and in six months will have to report back to the government.
Small businesses are normally privately owned corporations, partnerships, or sole proprietorship. However, any small business need not stop at this level. There could be a chance that this will work out for another person or group in the form of a franchised agreement.
The Coalition’s plans for the tax office to process superannuation payments on behalf of small business have been welcome by the Council of Small Business Organizations of Australia (COSBOA). This proposal has been dubbed as the "first real removal of red tape for the sector in memory."
COSBOA, or the Council of Small Business of Australia, has given a warning that the upcoming minimum wage increase will definitely hurt small businesses. Fair Work Australia has lifted the minimum wage from $569.90 to $589.30 per week last Friday (3rd June).
Some businesses (particularly new or small ones) get caught in the glory of building a large number of Twitter followers or Facebook fans. They assume that once they establish a large following, word of mouth will be easy and the sales will inevitably follow.
The National Australia Bank’s SME Quarterly Survey for the March Quarter has shown that the confidence of Small to Medium-sized enterprises is back after the floods that occurred last December and January. There are signs of optimism that are seen but it is still a challenging time for SME's.
Although Queensland was found to be below the national average in terms of “happiness”, its outlook is positive. This was according to Westpac’s Local Business Sentiment Survey.
A business lobby group says that the confidence in small businesses has remained weak. This is primarily because of the high Australian dollar and the likelihood that interest rates will be raised.
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