SMBs

80% of Australian small business owners feel “confident”, “optimistic” and “cautiously hopeful” about their company’s performance in 2023 despite the economic slowdown, according to new research released recently from the online accounting software provider Intuit QuickBooks.

As a young man, I dreamed of becoming an entrepreneur and starting my own business. But with great jobs in my 20’s and 30’s my dream was kept at bay - contentment was earned via a salary instead. Life moved quickly. Marriage brought more commitments followed by children and a house in suburbia with the associated mortgage, car loans and school fees.

Telstra has announced the ACT winners of the 2023 Telstra Best of Business Awards, celebrating and recognising small and medium sized businesses moving Australia forward. Telstra’s Best of Business Awards continues Telstra’s long legacy of awards programs that has recognised exceptional small and medium businesses for more than 25 years, providing a platform to further their success and inspire others.

Telstra announced the Victorian winners of the 2023 Telstra Best of Business Awards, celebrating and recognising small and medium sized businesses moving Australia forward. Telstra’s Best of Business Awards continues Telstra’s long legacy of awards programs that has recognised exceptional small and medium businesses for more than 25 years, providing a platform to further their success and inspire others.

Telstra has recently announced the Tasmanian winners of the 2023 Telstra Best of Business Awards, celebrating and recognising outstanding and ambitious small and medium sized businesses that are making notable strides and moving Australia forward with their success.

Do you want to start a business but worried about how much risk is involved? What if we told you that there’s a way that you can significantly reduce the risk of running a business? And that it’s actually very easy to do? Here’s what you need to know. 

Telstra announced the West Australian winners of the 2023 Telstra Best of Business Awards, celebrating and recognising small and medium sized businesses moving Australia forward. Telstra’s Best of Business Awards continues Telstra’s long legacy of awards programs that has recognised exceptional small and medium businesses for more than 25 years, providing a platform to further their success and inspire others.

The cost of starting a business can be a major concern for many aspiring entrepreneurs, especially when considering the rising cost of living today. With so many factors to consider, it can be quite a challenge for business owners to decide where to launch their startups. In that regard, Switch On Business has explored the most and least expensive states in the United States to start a business, based on key factors such as the corporate income tax rate, average cost of renting serviced offices, and the average living wage. 

Telstra announced the South Australian winners of the 2023 Telstra Best of Business Awards, celebrating and recognising small and medium sized businesses moving Australia forward. All winners have been through a rigorous judging process to uncover those businesses that had made an impact in the areas and industries core to Australia’s economic and societal growth. Judging criteria included: strategy and vision, customers and marketing, operations, people and culture, innovation and technology, social responsibility, and financial acumen.

The Australian economy faces multiple challenges like slow economic growth, receding job growth rates and crippling household debts. Until now, the economy has not seen any major economic recession for the past 25 years, which most economic commentators have remarked on as an incredible feat. With a possible economic downturn on its way, business owners should be taking steps to safeguard their businesses against these downward trends.