The term "small business" can seem confusing, in that it seems to imply small businesses such as sole traders with few if any employees and a very low sales turnover. The ATO's definition of a small business or SBE (small business entity) includes all the most common business structures, providing the combined turnover of the business is less than $10 million (previously $2 million.) Other government regulators have adopted various definitions, but regardless of which definition is used, the vast majority of Australian businesses would be termed as small businesses.

This necessarily means that the challenges faced by "small business" in Australia, are faced by almost all businesses. Obtaining the best small business advice at the right intervals may prove decisive in helping you succeed in the long term.

Do you need advice for your small business? Most businesses fail due to insufficient cash flow, ill-informed decisions, inability to manage risk and an overall lack of strategic direction. Think back to a time you made a poor business decision, and consider the outcome and subsequent cost of that decision. Now consider what the outcome might have been - the problems avoided, the costs saved, the opportunity capitalised on and the profit earned- if you had been in a position to make a better informed decision.

In most instances, the cost of obtaining professional small business advice will be saved or earned back multiple times over, even over the short term. Contact us today for a confidential discussion on the plans you have for your small business, and how we can help you build a stronger and more profitable business.