Confidence in the small business sector is continuing to wane, according to the latest NAB Quarterly Business Survey, as the global economic climate remains unstable and the prospect of new local taxes sit on the horizon.
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Despite the fragility of the current economic climate, SMB owners have reported they would start up a business again, with research finding 70 percent are happy with their entrepreneurial career choice.
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Despite business confidence continuing to fall as a result of weak consumer spending, half of SMBs remain optimistic about their ability to ride out the tough times, a new report has found.
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Female SMB owners are feeling more positive about being in business than their male counterparts and are driving the uptake of social media for business, according to new research.
...read moreOngoing economic uncertainty caused business confidence to fall nearly ten points in February, to 108.9, after six consecutive months of rises to January 2012.
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Business expectations have slid this quarter, as interest rate worries and ongoing pressure from the strong Australian dollar weighs on local SMBs.
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Despite global financial volatility, local businesses are feeling optimistic as they look towards implementing more efficient cost-cutting measures.
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Local businesses remain mostly positive about the state of the economy, despite the fact a sentiment survey registered its first decrease in business confidence in six months.
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The June quarter 2010 ACCI-Westpac Survey of Industrial Trends showed a marked softening of manufacturers’ General Business Sentiment for the second half of 2010.
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