cost of living

cost of living Archives

Aussies turn to entrepreneurship to boost income

The majority of Australians would consider starting a small business – and of those, most would do so to augment their i...
redundancy, crisis to opportunity, future, optimistic, business leaders

Money and mental health – the cost-of-living crisis and small business

Profitability, cashflow issues, long work hours, and poor work-life balance are common stress factors faced by small-bus...
index down, business leaders

Small-business confidence continues to decline

Only 36 per cent of small businesses saying that they expect business revenue to increase in the next 12 months, while 3...

As shoppers hunt for value, are retailers up to the task?

Ninety-two per cent of consumers say they have switched brands during the past year, often trying something new.
intelligent automation, tech

Small businesses struggling with technology changes and cost pressures

More than half of SMEs don’t prioritise updating their websites despite 72 per cent of customers being less likely to bu...
paid, excuse, payment times

Late payments continue to be a pain point for SMEs

Millennials are more than twice as likely as Baby Boomers to agree that they'd feel uncomfortable asking customers for p...
payment time

B2B payment defaults reach record high as cost-of-living pressures bite

Businesses with one default have a 24 per cent chance of going insolvent in the next 12 months, rising to 42 per cent fo...

Interest-rate rise killed Australian retail sales growth in November

November is traditionally the strongest month for retail, but the NRA say that the Melbourne Cup Day interest-rate rise ...

SMEs concerned about rising costs in 2024

SMEs are getting creative in addressing the skills shortage within their companies, with 46.5 per cent investing in upsk...

Aussies saving up for Black Friday discounts in the face of cost-of-living crisis

Last year, local retailers expected more than $6 billion to be spent over the Black Friday period and that is projected ...