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bookkeepers

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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Hiring The Right Staff For Your Small Business

As a small business owner, to hire the right staff for your business is absolutely imperative to your success. That said, it’s become a bit of a headache for business owners to go through the process of finding and retaining great staff. In this post, we’ll look at a few strategies and tips for hiring and keeping good staff members in your small business. And this means activating your payroll services for the new staff you onboard.

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