OMG 43% of Australian Small Businesses Made $0 Profit

 Episode 165 of the Moving Beyond Being Good Podcast

Summary
This episode focuses on the challenges faced by small businesses in Australia. Gary Ryan presents data that highlights the financial struggles of small businesses, with a significant percentage making zero profit and a high failure rate within the first few years. The impact of these challenges on the economy and employment is also discussed. Rising costs and the breaking system are identified as additional factors contributing to the risk faced by small businesses.

Gary Ryan, along with 10X Elite Business Coach Alison Wheeler, offer a free webinar series to help small businesses improve their mindset, marketing, sales, and follow-up strategies to increase their income.

Takeaways 

• The majority of small businesses in Australia have a turnover of less than $2 million, with a significant percentage earning less than $50,000. 
• 43% of small businesses and 15% of medium to large businesses in Australia make zero profit. 
• 60% of new businesses in Australia fail within the first three years. 
• The financial struggles of small businesses pose a risk to the economy and employment. Rising costs, including freight, energy, and employee-related expenses, further burden small businesses. 
• A free webinar series is offered to help small businesses improve their mindset, marketing, sales, and follow-up strategies to increase their income. 

Register for the webinar here.

Learn more about Alison Wheeler here.

Connect with Gary Ryan on LinkedIn here.

Watch the episode on YouTube here.

Learn more about Yes For Success: How to Achieve Life Harmony and Fulfillment here.

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If you would like support in creating a high-performance culture based on treating people as human beings, please click here to contact Gary Ryan