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Indigenous business strengths and competitive advantage
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Small businesses make a significant contribution to Australia’s
economy. The ABS defines small business as businesses employing
fewer than 20 people. In Australia 95.6 per cent of businesses are
considered ‘small businesses’ under this category.1 Small businesses
are found in a wide range of industries including property,
construction, retail trade and agriculture, forestry and fishing.
2.2 Three quarters of a million Australian small businesses employ 4.1
million people. There are 1.1 million non-employing small businesses,
many of them independent contractors who are former employees
and who may eventually take on employees of their own.2
2.3 Setting up a business is not easy for anyone: the ‘great idea’ must be
competitive and marketable. Business owners must access finance,
achieve development time frames, employ and train staff, meet
regulatory requirements, win contracts and sustain a business profit.
Australian Bureau of Statistics - Personal Name
NONE
Management
English
2008
1-30
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