3 Mar 2020
Business Demographics: Boss Insights
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
We have attached a paper on the role of business ownership in shaping Australia over the past three decades.
The insights are many, including the big shift into professional services and the increased number of sole traders and businesses employing up to 4 staff which points to a culture of relentless entrepreneurship.
In fact the number of owner-managers since 1991 has increased from 1.5 million to around 2.3 million today and although these owner-managers now employ more staff their share of the total workforce has actually reduced to 17%.
So, where do we go from here?
Click to read.
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