SME is very positive despite the fact that the economic climate is not so good at the moment. There have been many predictions of doom and gloom for the Australian economy but new research is showing that SME’s across Australia are now bucking the trend and reporting high levels of business confidence. They are preparing for major growth over the next twelve months. Many businesses are turning their focus to growing their customer base very significantly.
- Over 2/3 of SMEs in Australia reports confidence in growth over the next 12 months despite the perception of poor economic climate.
- Most SMEs can do not have to rely on banks for cash and can produce their own financial safety net
- Debt levels continue to remain a concern with reports that debt recovery has become harder with in the last year
“Half of businesses remain focused on growth in 2017/18, while 43 per cent cited their top concern as growing their customer base.”