June 18, 2013 – Small to medium-sized enterprise (SME) owners are positive about growing their business in the next twelve months, according to findings from RSM Bird Cameron’s thinkBIG 2013 study.
thinkBIG 2013 measures the pulse of the Australian SME sector. It benchmarks business confidence and the attitudes of owners towards planning, growth and profitability, exit planning and superannuation. 308 business owners participated in the 2013 study, providing insights into how Australian SMEs feel about their business.
42 per cent of respondents report revenue growth over the past twelve months, 33 per cent report no change and 25 per cent report a decline.
Andrew Graham, national head of business solutions, RSM Bird Cameron, explains, “It is not surprising that more than half of businesses reported a flat or reduced turnover. Many industries are still experiencing difficult times. The retail sector faces challenges such as the battle for online sales, decreased consumer confidence and unemployment. Resources, mining and manufacturing encountered challenges caused by exchange rates and the high cost of doing business in Australia.”
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