The businesses we have seen do well in these changed market conditions are those that have been systematically hedging their currency exposures, with some optionality and flexibility.
The results reveal that 1 in 4 (25 per cent) businesses overall – and 21 per cent of SMEs – were unable to pay their GST and tax in cash, in full, in 2019.
New research reveals that 62 per cent of SME business owners have been on the brink of folding their businesses in the past due to financial and other struggles.
We’re bringing back Shop Small early this year to encourage shoppers to support the nation’s resilient small business operators and accelerate their recovery.
‘Resilient’ Australian business owners are most satisfied when overcoming challenges, GoDaddy research finds
GoDaddy’s Business Resilience Research found that three in five (60%) Australian business owners surveyed are happiest conquering a business challenge, rather than reaching a business milestone.
As global supply chains are reduced to minimise risk of loss, consumers might reduce e-commerce transactions with low-quality vendors for certain critical goods.
The bi-annual survey of nearly 500 Australian small business operators revealed only 22 per cent of SMEs are confident in the state of their business right now
Younger people will be more likely to face deeper impacts in their employment with consequent social impacts in years to come.
Australian businesses have suffered a 12% decline, faring significantly better than those in the US (-27%), Canada (-40%), Europe (-46%) and the UK (-53%).
As we grapple with a world where some form of restrictions will be in place until a vaccine is found, will COVID-19 permanently change what society wants and needs?