If you ask a typical business leader how they are doing, they will say ‘everything is great’ and that they are ‘really busy’. However, many are struggling but don’t want to admit it, or perhaps addressing the truth is just too painful.
NFPs, on the other hand, are usually happier to admit their challenges, but often lack the necessary expertise or resources to address them.
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.
Sharpen provides our clients with easy-to-use systems that have been proven time and time again to grow your business profitability and improve the chances of realising that lifestyle you dream of.
*Source from all statistics above are from ABS, Dun & Bradstreet & CBA