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Small Business Bookkeeping Myths

Small Business Bookkeeping Myths

In your small business, it feels like you have 101 things to do. And depending on the size of your small business, that might include Bookkeeping. But is that true? And what other myths about Bookkeeping are out there, that actually hinder your accounts being accurate and relevant to you as the business owner? Our post on Small Business Bookkeeping Myths will show you some of the misunderstanding that Small Business owners might have about Bookkeeping and Bookkeepers.

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Small Business Failure Rate in Australia

Business failure rate in Australia

As a small business owner, you are no doubt aware of the statistics surrounding small businesses and the high business failure rate in Australia. 60% of businesses will fail in the first three years, and of those who fail, 50% are profitable. The fact is, many small businesses do not survive for very long, and definitely do not thrive in their industry. And sadly, business failure can happen even if you’re profitable due to many other factors.

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