November 19

Open Letter To Brendan O’Connor Get Small Business

Open Letter To Brendan O'Connor Get Small Business

This open letter is to Brendan O’Connor the newly appointed Federal Minister For Small Business. Dear Minister O’Connor We wish you well on your new job and welcome you to our small business portfolio. Two people with a long history working with small businesses as educators and counsellors, consultants, researchers, and researchers wrote this letter in good faith.

Many of the previous small-business ministers were criticised for not understanding this complex and large part of the economy. How do you get small businesses? This is our guide to what you should be focusing on.

The Importance Letter Of Small Business Is Vital To The Economy

We recommend that the Cabinet and you first acknowledge the importance of small businesses to the economy. Over 99% of Australian businesses are small to medium and they employ approximately 65% of the workforce. This means that there are approximately 2 million small-business owners, employing around 5 million people. We are all voters, and all of us have an interest in the policies that your government puts in place for small businesses. Let’s not forget this as we move on.

It is not about a particular sector. Small business is all about people. Small business should be viewed as a whole community and not as a single sector. All industries have small businesses. Small businesses are more common than small retailers or service firms.

Small businesses are closely knit groups of people who work together to earn a living, care for their employees, pay their bills and take time for their families. Many small business owners work long hours. 64% of small-business owners work more than 40 hours per week, while 36% work more than 50 hours.

These small businesses aren’t like large corporations. They are people who are looking to make a living through hard work and enterprise. Microbusinesses employing only their owner make up 62% of all small businesses. They take risks, create wealth and jobs, and usually ask for a fair deal. They are people and not organizations.

It’s not About Fighting Red Tape, It’s About Fighting To Get A Fair Go

Avoid getting caught up in the belief that small business faces the greatest challenge is red tape. Many of your predecessors have used this approach. This is the mantra that small business lobbyists, journalists, and radio announcers endorse. Despite the fact that small businesses may hate red tape, many don’t see it as a problem.

Running a business requires compliance, taxation, licensing systems, and compliances. Australia is home to some of the most efficient government systems in the world, compared to other countries. The United Nations considers Australia a leader in egovernment.

To reduce red tape, the first step is to align federal and state jurisdictions. Every industry sector has its own issues. Your role to ensure small businesses are protect in any reforms.

Access to bank financing at attractive interest rates for small businesses should be a priority. During the Global Financial Crisis, your government supported our major banks. They are still among the most profitable banks worldwide, but they could do more for small businesses to lower capital costs.

Bridging The Digital Letter Divide, Skills Gaps

Another opportunity is the rollout of National Broadband Network. According to the Sensis Small Business Index, March 2012, increasing digital footprint through online technologies was the top priority

Future government policies should focus on helping small businesses to get online and maximize their e-business potential. Online technologies can use to create single entry points for Federal agencies and State agencies. This will reduce compliance costs. Access more data that is free to small business owners for market research, industry benchmarking, and networking.

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Posted November 19, 2021 by admin in category "Uncategorized