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There’s no doubt that small businesses are a core part of the Australian economy but when big businesses fail to pay on time, small businesses are forced into what we call a ‘cash flow gap’.
Close to half of Aussie small businesses surveyed (49 per cent) indicated they were ‘very’ or ‘extremely confident’ of growth in the next 12 months, however nearly one in three had a neutral outlook — believing their business will remain stagnant.
The Xero Small Spark survey canvassed the opinions of more than 340 small business owners across Australia and New Zealand to identify the key factors driving people to go out on their own.
Xero, a leading cloud accounting software, recently announced the launch of the Business Gold advice guide, featuring insights from champion swimmer and gold medallist Michael Klim, to help small businesses succeed.