The importance of small business
Download
1 / 8

The Importance of Small Business - PowerPoint PPT Presentation


  • 168 Views
  • Uploaded on

The Importance of Small Business. What is a Small Business?. An enterprise is categorised as a small business if: It is independently owned and operated It is controlled by owners or managers who contribute most (if not all) the operating capital.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'The Importance of Small Business' - darrin


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

What is a small business
What is a Small Business?

  • An enterprise is categorised as a small business if:

  • It is independently owned and operated

  • It is controlled by owners or managers who contribute most (if not all) the operating capital.

  • The owner / manager is the main decision maker (risk taker).


Abs says small business is
ABS says small business is…

  • A Non manufacturing business with less than 20 employees.

  • A manufacturing business employing less than 100 people


The importance of small business


Small business contributes to the australian economy
Small business contributes to the Australian economy or more staff.)

  • Aust has over 1 million small, privately owned biz employing 3 million workers.

  • Non-agricultural small businesses account for 1/3 of Aust economy and 40% total N.


The importance of small business

  • Creating jobs or more staff.)

  • Help improve GDP and living standards

  • Increase exports (although <5% of small biz export G&S)


The importance of small business


Will small business continue to be important
Will Small Business continue to be important? or more staff.)

  • New technology and internet enables small biz to obtain information, access global markets and achieve a high quality output at a relatively cheap price in a way that they could not before.

  • This makes small biz more competitive. Larger businesses do not always have an advantage due to size anymore. However, survival is still difficult for small biz. Many do not survive their first year.