Five strategies for SMEs to navigate record wage rises
There are solutions SMEs can adopt when faced with record wage hikes, including working capital solutions for businesses of all sizes.
Two-thirds of SMEs used uncapped Instant Asset Write-Off Scheme: Average spend exceeded $90,000
Only 63% of Australian SMEs took advantage of the uncapped Instant Asset Write-Off Scheme in the last financial year.
SMEs slow to embrace the productive potential of AI
Just 15% Australian SMEs have implemented Artificial Intelligence technology in their business or will do so soon, while 85% have no plans to use AI in their near future.
SME growth forecasts hit seven-year highs in wildly fluctuating market
The wildly contrasting predictions are contained in the latest round (Q3, 2023) of the country’s longest running SME pulse check, by ScotPac.
SMEs seek more Australian suppliers in supply chain resilience plans
More than a quarter (28%) of Australian SMEs plan to add new domestic suppliers in preference to international suppliers in the next 18 months to build greater supply chain resilience.
Alex.Bank continues to expand with the appointment of NSW/ACT BDM as it reports growth of 220% in the April quarter
Alex Bank, Australia’s newest digital bank, today announced the appointment of Oyishi Haque as Business Development Manager for NSW/ACT.
SME growth projections hit seven-year high of 56% in two-speed economy
56% of Australian SMEs are forecasting positive enterprise revenue over the next six months – the strongest growth outlook for the sector since March 2016.
NSW SMEs hit hardest by rising wages and red tape costs
Rising wages and compliance costs top the list of growing cost pressures for Australian SMEs, with small and medium businesses in NSW the most heavily impacted.
