Privately owned businesses with less than 200 employees, commonly known as SMEs (Small to Medium Enterprises), represent a large portion of Australian domestic business numbers, employment numbers and contribution to GDP. In fact, SMEs represent over 90% of registered businesses in Australia. They employ over 65% of the workforce and represent 55% of our GDP. They are the cornerstone of Australian business!
Despite the depth of data available regarding the contribution of SMEs to the Australian economy, there are not many forums, or even consistent research, providing qualitative data to add further value to the owners of SMEs. Nor is it common for time poor business owners to come together regularly and share their experiences, their challenges and their triumphs.
Therefore, it is my pleasure to present you with this valuable SME Research Report. This report is different. It doesn’t just provide statistics. It shares the opinions and concerns of business owners … directly from them to you. It provides you with valuable insights from those who actually own and run their own businesses. It explores their concerns, their ideas and what’s keeping them awake at night.
It won’t come as a surprise that there are common concerns shared by the owners of SMEs:
– Protecting their business and family assets
– Stress and lifestyle management
– Cash flow management
– Business planning
– Business performance improvement
– Succession planning
BUSINESS OWNERS NEED – AND WANT – TAILORED ADVICE AND SERVICES SO THEY CAN FOCUS ON DOING WHAT THEY DO BEST
At Fordham, we act almost exclusively for private businesses, their owners and their families. We work alongside business owners to help them understand and manage their business, build and protect their wealth, and plan and structure their future. We have a rich history and a distinct methodology tailored specifically for the needs of business owners. All this in addition to complete integration with Perpetual’s market leading wealth offering, focused on protecting and growing clients’ wealth.
I encourage you to take the time to read the report and consider applying the same thinking and analysis to your own business.
If you would like to discuss the report in further detail, please don’t hesitate to contact your Fordham Partner.
This publication has been prepared by Fordham Business Advisors Pty Ltd (Fordham) and Perpetual Trustee Company Limited ABN 42 000 001 007, AFSL 236643 (PTCo). Fordham is part of the Perpetual Limited Group. Perpetual Private advice and services are provided by PTCo. This information is believed to be accurate at the time of compilation and is provided in good faith. However, it contains general information only and is not intended to provide you with advice or take into account your personal objectives, financial situation or needs. You should consider whether the information is suitable for your circumstances and we recommend that you seek professional advice. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.