Saturday, October 24, 2020
Australia’s small business predicts rapid growth post COVID-19 - GoDaddy

Australia’s small businesses predict ‘rapid growth’ post COVID-19, GoDaddy global research reveals

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Looking beyond Australia’s immediate hardships, 82% were optimistic that they would recover within 12 months - compared to just 70% of their global counterparts.
myprosperity sees record debt as Australian households handle recession

myprosperity platform sees record debt levels as Australian households navigate recession

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For households, we’ve seen a significant spike in requests around assistance in financial management, retirement and estate planning, highlighting the increase in concern around financial health.
Australian SMEs back JobKeeper extension and embrace local talent

Australian SMEs back JobKeeper extension and embrace local talent

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They are embracing skilled local freelancers who are helping them find new ways to connect with customers in a rapidly changing world.
12 million Aussies concerned about financial wellbeing due to COVID-19

12 million Aussies concerned about their financial wellbeing because of COVID-19 – Australian researchers

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Approximately 30% of Australian households have less than one month of income worth of savings and one in eight Australians would not be able to raise $2,000 within one week in an emergency.
The Australian dollar holds its course - An AFEX expert weighs in

The Australian dollar holds its course – A forex management expert’s view

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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.
ATO ‘debtor crisis’ to emerge in Sept: 1 in 4 business struggled to pay tax

ATO ‘debtor crisis’ to emerge in Sept: 1 in 4 business struggled to pay...

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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.
Zombie businesses: 2 in 3 SMEs on the brink of folding multiple times

‘Zombie businesses’ bigger problem than we think: 2 in 3 SMEs have been on...

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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.
Australian small businesses hopeful, but fears of a slow rebound persist

Australian small businesses hopeful, but fears of a slow rebound persist

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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.
Australian business owners most satisfied when overcoming challenges

‘Resilient’ Australian business owners are most satisfied when overcoming challenges, GoDaddy research finds

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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.
A closer look at the dark side of COVID-19 and consumerism

A closer look at the dark side of COVID-19 and consumerism

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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.

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