Business is booming
Last year 310,176+ new businesses were started by Australian entrepreneurs.
Small Business is a big part of the economy
Small businesses contributed just under a third of total industry value added in the Australian economy in 2013–14.
of people in Australia work for a Small Business.
of Small Businesses have a business loan facility other than a credit card.
Businesses are evolving
Australian entrepreneurs are a resilient bunch, and quick to adopt tools that help optimise their business.
87%of businesses spend most of their time online doing financial activities like banking and invoicing.
31%of businesses are using paid cloud computing services to get work done.
31%of businesses have both social media and a web presence.
200+Point of Sale/Practice Management Systems (POS/PMS) available to Australian businesses.
The way people pay is changing
Percentage of consumer cash payments
Cash payments are on the decline
People are moving away from old payment methods such as cheques
Percentage of cheque payments
Percentage of consumer card payments
Contactless Card Payments are taking over
And all ages are taking advantage of new mobile card payments
Users of mobile card payments by age
- Business is booming: http://www.abs.gov.au/ausstats/abs@.nsf/mf/8165.0
- Cash payments are on the decline, Contactless Card Payments are taking over, All ages are taking advantage of mobile card payments, People are moving away from old payment methods such as cheques: https://www.rba.gov.au/publications/bulletin/2017/mar/pdf/bu-0317-7-how-australians-pay-new-survey-evidence.pdf
- Australian Small Businesses are evolving: http://www.abs.gov.au/ausstats/abs@.nsf/mf/8129.0
- Aussie small business is a big part of the economy: https://www.bankers.asn.au/images/uploads/ArticleDocuments/134/ABA-126420_Economic_Report__Small_business_sector_in_Australia_-_May16.pdf