14 Jul 2016
Australian Business: Enterprise
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Australia has an estimated 2.15 million active trading businesses employing 12.1 million people.
Interesting but this does not tell you much until you delve deeper to discover that the small to medium enterprises (SME) accounts for 99.4% of the total number of businesses and 49.5% of all revenue.
This is a material change from when SME in the 1960’s accounted for only 30% of all revenue.
The reason is technology and new service industries which have permitted SME to form and evolve.
Our expectation is that SME will continue to grow and evolve given that we are only at the start of The Nano Age.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.