SBAA CEO on Small Business' Priorities in Australia

The video discusses the recovery of small businesses in Australia post-pandemic, highlighting challenges such as skills shortages, rising costs, and increased freight expenses. It addresses the financial difficulties faced by small businesses due to traditional lending criteria and the impact of inflation and proposed wage increases. The video emphasizes the importance of small businesses to the Australian economy and the need for supportive policies.

What proportion of small businesses in Australia believe they will recover by next year?

• Three-quarters

• All of them

• One-third

• Half

What major issue was caused by the pandemic due to border closures?

• Rise in local employment

• Increased tourism

• Skills shortage

• Decrease in exports

How much has the cost of importing certain items into Australia increased?

• From $500 to $2000

• From $500 to $4000-$5000

• From $500 to $1000

• From $500 to $3000

What is identified as the single biggest cause of business failure in Australia?

• Low demand

• High taxes

• Lack of finance

• Poor management

What percentage of Australian companies are small businesses?

• 98%

• 75%

• 50%

• 90%

What is the proposed percentage increase in the minimum wage supported by the opposition party?

• 5.1%

• 6.1%

• 4.1%

• 3.5%

What is a potential consequence of workers not having enough money to spend?

• Increased savings

• Higher taxes

• Reduced small business growth

• More imports