Australia, the Small Business Nation

Wednesday, June 05, 2013

Australia has always been an entrepreneurial nation, with small business the backbone of the economy and the labour force. The Australian spirit of independence, a DIY attitude and the courage to give things a go are strongly demonstrated in these latest business statistics. The tough economic times and the terrain in which small business operates is having an impact, however, with only half (51%) of new business starts surviving 4 years in operation. For many Australians, the entrepreneurial dream is still alive but as demonstrated by the survival rates of new businesses, without better support, only a minority will achieve success.


Small businesses still dominate


Small businesses continue to dominate the Australian economy, with 3 in 5 Australian businesses not employing staff, and 9 in 10 businesses employing less than 20 workers. Just under a third of all businesses (29.0%) have a turnover of less than $50,000 annually, with another third (34.5%) turning over between $50,000 and $200,000 each year.


More businesses than ever but slow growth:


There is almost 1 actively trading business for every 10 Australians – more than 2.14 million of them. The total number of businesses has grown by 3.4% in the last 4 years*, while the national population has increased by 6.8%, and the GDP has grown a total of 8.5%.

Tough conditions and half new businesses don’t survive:

Highlighting the tough business environment, of all the new businesses started 4 years ago, almost half (51.0%) are no longer operating. Of the more than 2 million businesses operating in Australia 4 years ago, 2 in 5 no longer exist (38.2%), with established businesses being more likely to survive than new businesses. The longer a business is in operation the higher its chances of survival.


Independent, local and not highly technological:


97% of Australian businesses are 100% Australian owned, 95% are independently operated (not part of a group or franchise) and 87% conduct all their functions independently (are not part of joint marketing, a buying group or collaborative ventures). 93% of businesses are non-exporting (Australian sales only). 1 in 5 businesses sought a business loan or equity in the last year and for 3 in 4 of these the reason was business survival and to boost short term cash flow with just 20% seeking a financial injection for reasons of expansion. Just 43% of Australian businesses have a website and just 28% receive orders or sales via the web and internet revenue accounted for just 7.5% of all business revenue.


What kinds of businesses have been getting the most, and least, traction in our changing economic environment?


Which are the key factors that come into play in determining the success or failure of a business?

Find out in our 2013 Small Business Nation Report. Click here to download the full report.


Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

SMSF selfie future of work names social life office space norwest Australian Bureau of Statistics Financial Planning Association dream Australian Home baby bondi insight rising house prices australian communities forum future of education experience social change financial future cost of living Kirsten Brewer national private wealth mythbusters gender professional results ACF 2016 hopes events alpha acf15 families renter of the future System's Architect christmas millenials young australians in the media TAS presentations graphs tv 2012 January 26th product professional speaker logan life data analyst forum criminal Tasmania 23 million divorce rate volunteers Northern Territory Financial Planning Week Channel Seven demographic transformations food salary Christmas season change professional development social enquiry Australian Trends sunburnt country summer parenting repayments meetings thought leadership buildings panel sustainable population house price rise water trend tuesday 24,000,000 networking crows nest emerging technologies ethnography outsourcing internet anzac healthy future affordable perth relevant not for profit future proofing Caregiver conference ashley mckenzie trends communities residents family organisations spend proactive thrive innovation demographer real millennials visualisation aged care puzzle ageing low density identity Royals youth royal family faux-cilise Christmas presents Aussie mccrindle Social Trend community australia social mateship know the times REIV Conference schools students 1994 sector wide study 2015 social researcher Merry Christmas 1980 list waverton dessert wealth long weekend Wagga Wagga society trends educhat education future report cars generation Z environmental scanning school Australia Day 2017 aussie culture social commentary Canberra cancel plans public speaking moreton bay marketing forecast Generation Y global financial crisis housing affordability DIY earn focus group data mccrindle in the media cultural diversity IT Specialists Territory SA young people customer generation alpha workforce teleworking Gen Y Research Executive couple Australian Communities Trends learning The Daily Edition going out public holiday community engagement balance schools teach overcast ideas engage New South Wales future Financial Planning Association of Australia wages wealth distribution huffington post debt mining boom Engineering Manager resource socialites omnibus career deloitte Geoff Brailey 24 million slideshare financial generation ashley fell financial independence rental stress national crime rates transport tertiary education Northern Beaches Christian School Australian schools cost winter office opening social researchers jobs market research authenticity faux-cilising urban living workplace culture builders Melbourne society generations internships suburbs typical australian social media vegemite property Assistant Store Manager cancelling plans South Australia 10 years collaborative seasons darwin HSC marrickville education future conferences narcissism dreaming visual language social research sunny days marriages leader focus groups emerging trends ipswich tuesday skills mythbusting education cold learning styles friendship national wealth Crime Rates REIV National Conference holidays McCrindle Speakers social impact survey design growing population students megatrends Australian Families Kiwi small business university Generation X living JOMO rich Aussies baby name not-for-profit budget population map suburb brands future-proof community event unemployment christianity optimistic online shopping case study etiquette analysis household Myth pharmacy renting millionth future proof curiosity high school Education Future Forum house price debate dare to dream Wellington the australian dream Do It Yourself quote Australians hello fresh investing business nfp townhouses economic global generations home ownership faux-ciliser Northern beaches Event clothing parents neutral bay group storytelling rent tableau affordability increasing densification annual income sydneycity communication government women property market religion charity goal WA workplace culture interactive daily commute keynote middle class social analysis goals Tuesday Trends research visualisation NT program poker master Queensland marriage year 7 sentiments event unaffordable NSW shifts follow forecasting teaching English communicate blaxland education sector cash work-life hobart divorce personalities grandparents area economy baby boomers media capital cities brand brisbane rule keeper 2017 new office mother's day home work social lives greatness conference speaker population growth ease of travel ultimo Bathburst high density apartments households ABS post rationalism victoria FPA poor baby boom Australian Dream tattoos facts Charlotte stay home menai eliane financial dreams equip gen z safe coffee shbc urban living index non profit World Water Day Tuesday Trend consumerism newspaper housing growth media commentary trends of 2017 staying in baby names hills shire collaboration mentor click australian social research staff Valentine’s Day award energy men lifestyle sydneysiders plans emerging generations google social shifts Australia Day employment jobs of the future year 12 kate middleton consumer housing trends futurist Real Estate recap educated wolloomooloo New Zeland average aussie internship FOMO Scouts wealth and income optus commute winter blues Netflix growth sector define research housing bureau capital city child care organisational culture Queensland: QLD the changing face of leadership online media activity 2016 demographics student TDE royal influence report infographic australian communities trends report politics baby name predictions innovative business index priorities domestic Mark McCrindle speakers teachers apartment prince george trend Sydney keynote speaker property price qualitative research Australian demographics workshop gen alpha careers Western Australia sun "know the times" aged care crime presentation celebration church responsive medicine VIC 40 million fresh 2013 wage australians staying home more school satisfaction home owner technology easy rider Christmas lunch income data visualisation house meals royal Duchess of Cambridge paying to work happiness holiday research pack sydney event investor brand experience finance EFF environment 1975 education research generational trends 2020 social trends baby name trends learner in depth interviews royal baby communications personal growth Channel 7 wellbeing 2014 entrepreneurs of today village vegetarian Northern Beaches investment twentyseventeen Real Estate Institute of Victoria New Zealand conference presentation sector wide house prices mover and shaker high density DESTEL research data Adelaide moderators guide university degree global keynote speaker cancelling event land of the middle class insights participants world youth day demographic ACT Wodonga relational world work mates cooking February 16 tea group session NEETs ageing population ACF Australian Census suburban living father's day geomapping state study Word Up Births toys Sydney offenders new york times resilience local shopping litter stats survey The ABC of XYZ housing market cartodb school students lalor park wedding mccrindle research census princess charlotte cloudy days CBD intern city google for education fears mobile shopper's pick GPO eliane miles sports entertainment potts point engagement mortgage optus my business awards weekly earnings media release daily telegraph mccrindle tea challenge digital manly Australian communities leadership workshop hornsby infographic wall Population Clock woolworths motivate urban sydney speaker entrepreneurial PSI earnings retirement youth unemployment Deaths rain social commentator news Christchurch monarchy socialising Res Vis trends of 2016 high density living demographic trends earning pyrmont employers Hornsby Shire Council researcher easter Gen X Love trends analyst gold coast learn local communities friends supply and demand population milestone pharmacies snapshot publication wealth and income distribution tips research services training urban taskforce rise of local states entrepreneur statistics video teacher 1968 owning a home office children weather

Archive