
Indicators of a Thriving Workplace survey
Find out what it takes for a workplace to thrive and some things you can do in your own small business.
In 2023, consumer spending dropped due to the rising cost of living and the highest interest rates seen in the last ten years, impacting the growth of small businesses. You may have noticed a decrease in trade in your business over the past year or two. This is because around 70% of Australian consumers were spending less than usual or stopped discretionary spending in 2023. The new report by the Council of Small Business Owners Australia (COSBOA) and Square revealed what this could mean for small businesses in 2024. Some key findings that small business owners should be aware of included:
This report shows small business growth is slowing as a result of reduced consumer spending, which may put pressure on you and your business throughout 2024. But whatever happens, it’s important that you are looking after your wellbeing. |
Find out what it takes for a workplace to thrive and some things you can do in your own small business.
You can reduce workers compensation claims in your small business by taking action on mental health and wellbeing.
New Rural Agribusiness Wellbeing Plan launched, SuperFriend’s report ‘Indicators of a Thriving Workplace’ released, healthy sleeping habits for small business owners, ASBFEO's Small Business Matters report and Dispute Support referral tool, and more.
Many business owners are seeing Christmas as an opportunity to ‘catch up’ after slow year, but it is important that this does not lead to increased stress and burnout.