If you ask a typical small business how they are doing, they will say everything is great and that they are generally busy. However, many are struggling but don’t want to admit it, or perhaps addressing the truth is just too painful. So, what is the state of most businesses in Australia? How many of them are making the profit they deserve? With more than 50% of small businesses not surviving past 5 years, here are some fascinating statistics that show the true state of small businesses.
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*Source from all statistics above are from ABS, Dun & Bradstreet & CBA