‘Time is tough’: MYOB CEO warns small business ownership losing its allure
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- Опубліковано 17 вер 2024
- MYOB CEO Paul Robson warns retail and hospitality businesses are under intense pressure due to high interest rates, rising wages, ballooning costs and a slowdown in consumer spending.
Mr Robson warned the cost of living must improve, tax on the small business sector needs to be reduced, and red tape needs to be removed to allow small businesses to flourish again.
“The Australian economy needs small businesses to be successful. Small businesses become big businesses,” Mr Robson said.
“We need to promote an environment that allows that to happen and continue to happen.”
This Government is killing small business ... Everything they touch turns to shite !!!
Time for a change in Goverment
To what, back to the one who started it in 2020?
@@vivrowe2763 They're both as bad as each other.. People forget about baldy's debacle with metadata. 2 wings of the same turkey. However, we can't go on this way, the country's going to hell in a hand basket and at break-neck speed.
@vivrowe2763 Couldn't be worse than the current shit-shower. Things have got demonstrably worse since then in case you haven't noticed.
As someone who works in Facilty Management (shopping malls) i can give advice for aspiring retail business owners:
1. Shopping malls take more of the profit than you do.
2. Franchises take more of a profit than you do.
3. Being a franchisee in a shopping mall is basically becoming a slave.
Unless its a Cinnabon.
It’s bloody tough.BAS payments,wages,super,work cover,insurance plus all the new maternity leave.Let alone power,rent and general running costs.
The mandatory Registration limit for GST of 75k is too low and a long time out of date. Back to 2021 it was reported that $75k from when it was introduced is the equivalent of $101k, so now it would be even more, so it should be increased to around $125k.
Wealthy & advanced economies are overwhelmingly built on the back of cheap energy. We COULD have cheap energy in Australia, there's certainly plenty of it being dug up all the time.
But the Australian Government does NOT work in the best interests of the Australian people. The federal Govt charges NO ROYALTIES on Natural Gas drilled in our offshore reserves. Nothing, Nada, Squat. They let the energy companies take it for FREE!!!
Then, don't reserve any for domestic use, so we end up buying it back at elevated rates from overseas. Australians pay some of the HIGHEST retail Gas prices in the WORLD!
There's a crime in all of this, but if our Government has its way you will never hear more as their misinformation bill, ushering in their Ministry of Truth will shutter ALL voices they don't want YOU to hear.
Gov sent them broke! Labour party is to blame
No it started in 2020 they were forced to close. Bad memory, but they rely on that
@@vivrowe2763It's got a whole lot worse in the past 2 years.
Yeah go spend $6-7 a coffee, tell them they are dreaming.
Yet I continuously see people queuing up for that expensive coffee. Not to be a tight-bum, but I grab a cuppa when I fill up and that's $3.50 for a super (I think it's called) at 7-11.. And it's just as good if not better, Just my opinion.
Plenty of cafes sell medium cappuccino decaf for $5.50 which is big enough.
@@rabidsminions2079 Haven't seen any in the Perth region... Used to be that way, but WA has become real expensive.
Been there done that...I just nibble around the edges. Those I nibble on are reaping the benefits and pay me.
Kim Beasley, 1990 - "the United Nations has given the federal government a mandate of ownership for housing, property, farms and business to government control once the republic has been declared."
MSM, 2022 - " ..The federal Labor government had already flagged its intention to hold a referendum on a republic if elected for a second term, with the prime minister earlier creating the new position of assistant minister for the republic for Matt Thistlethwaite.."
MYOB has lost its allure - have been with them for 23 years and I pay more in fees each year then I did in total of the first 15 years for doing exactly the same thing - I look forward to leaving when the competition inevitably arrives.
There is 0 incentive to start a small business. Tax eats in to any small amount profit you make. All risk and little reward
Bipartisan government policies favour big business by driving small ones out.
ALP wage price spiral combined with expensive unreliable intermittent renewable electricity. Suddenly input costs skyrocket, even before you have to allocate staff resources for government carbon and gender reporting. Couldn’t possibly make it harder for business if they tried.
Yah …….let’s all just wait for a couple of years 😢
Interest rates are not rising they have started to fall with 1 & 2 year fixed rates being dropped.
Yes we do need a better Government Desperately! But more so we need a government overhaul of when it comes to business in this country. We need laws that facilitate business ownership and encourage it. Government's should never be in the business of running businesses but encourage environment for people with ideas to foster them and turn them in to money making enterprises which in turn employee people and pay taxes. We need way less tall poppy syndrome and hand out culture and more have a crack way of thinking in this country. Government should never have employment numbers at the levels they currently do, they should only employ the absolute necessary numbers to make society function. Businesses should do the rest! They should be fostering production on all levels so business can thrive and employee lots of people. Which then those employees have their own ideas that potentially turn into business and employee people and pay taxes. We could be the richest nation in the world, our resources could essentially fund everything in the way of a sovereign fund. Our citizens could be free to come up with great ideas that turn into world leading Cities, business's, inventions, patent's, medicines, farming, housing, everything!
C'mon Australian Governments you have a lot to answer for!
Yeah no sh t.
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