1 / 9

Small Business in Australia

Small Business in Australia. © Karen Devine 2011. What is small business?. There is no universal definition of small business. Number of employees is usually the criteria to determine the size of a business. © Karen Devine 2011.

haracha
Télécharger la présentation

Small Business in Australia

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Small Business in Australia © Karen Devine 2011

  2. What is small business? • There is no universal definition of small business. • Number of employees is usually the criteria to determine the size of a business. © Karen Devine 2011

  3. Classification of small business according to number of employees. © Karen Devine 2011

  4. Small business in Australia • Over 95% of businesses are classed as small. • Less than 1% of businesses are classed as large. • Small businesses are responsible for much of Australia’s employment. © Karen Devine 2011

  5. Small business’ contribution • Small business makes a large contribution to the economy via: • acting as a distributor and supplier for large business. • providing goods and services to consumers. • operating in isolated and regional areas. © Karen Devine 2011

  6. Why do small businesses fail? • Over 70% of small businesses fail within their first year of operation. • The most common reasons for failure include: • lack of business knowledge • lack of planning • poor cash flow • poor choice of business location. © Karen Devine 2011

  7. Lack of support for small business • Whilst governments recognise the importance of small business, there is general criticism of the support for them. © Karen Devine 2011

  8. Governments can contribute to small business failures. • The largest areas for concern for the future success of small business includes: • Overregulation and red tape associated with business establishment and operations. • Excessive tax regulations and tax burden. • Employee laws eg: Unfair dismissal • Lack of support services for small business. © Karen Devine 2011

  9. Question Time? • What type of small businesses do your family and friends own? • Have they succeeded? • What might be some of the reasons they ceased operating? © Karen Devine 2011

More Related