SME owners still optimistic but not retiring any time soon

Perth, July 6, 2010 – Accounting firm RSM Bird Cameron’s fourth thinkBIG benchmark study into Australia’s small-to-medium enterprises (SMEs) found that, for the second year in a row, one in five SME owners have delayed their exit date from their business because of economic uncertainty.

Business owners reported little change in their plans to exit the business from 2009, with more owners expecting to continue working after they dispose of their business compared with three years ago.

According to the study, SME owners are quite optimistic about their business’s medium-term prospects but remain concerned about cashflow management and continue to be more aware of the stress associated with managing their business.

More than half of business owners in the thinkBIG study do not expect to see any improvement in the availability of finance in the short term, underlining continuing uncertainty in the sector.

“thinkBIG found that business owners faced tougher trading conditions over the last two years, with nearly a third recording no revenue growth or a decline in revenues, up from the 2009 result,” said Terry Rodoni, director, Business Solutions, RSM Bird Cameron Read more ❯