MYOB CEO Tim Reed looks at what some of the key tactics business can use to maintain the health of their business.
Despite an increase number of small to medium businesses running their own website, new research shows there has been a significant decline in proactive online business activity.
New research released by MYOB shows the economic confidence of small to medium enterprises has not improved over the past few months nor has their revenue.
A new report shows close to half of small to medium businesses surveyed do not have a good understanding of how the carbon tax will affect them.
SMEs with a website are performing better than nearly two thirds (64 per cent) of their peers who do not have their own website.
Economic confidence has dipped to a two and half year low amongst small to medium business operates, according to the latest research by MYOB.
The October 2011 MYOB business monitor found that 68 per cent of businesses owners do not expect an economic recovery in the next 12 months.
The MYOB business monitor found that more than half of Australian SMEs believe an economic recovery is more than 12 months away.
The MYOB business monitor revealed that While over half of Australian business owners recognised the internet offers a world of opportunity only 35 per cent have a business website.
It may seem that Australian SME retailers believe Christmas will be a tough period for them, according to the latest MYOB Business Monitor.
The most likely users of social media at present are business owners in retail and hospitality at 22 per cent.
Business management software provider MYOB says revenues have improved and work has increased across the country but government red tape is impacting on future growth.