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'Small businesses play as important a role as large businesses in the Australian economy. However they are very different in the way they operate and in their chances of succeeding.'
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'Small businesses play as important a role as large businesses in the Australian economy. However they are very different in the way they operate and in their chances of succeeding.' A.) What role do they play in Australia? B.) Outline the strengths and weaknesses of small businesses. Small businesses play a very important role in Australia's economy. In 2001 research proved that 96% of all business enterprises were made up by small businesses. Small businesses provide a lot of people with employment, and encourage business growth. While small businesses do play a large part in the Australian economy, it is harder for small businesses to survive as opposed to large businesses. In the first two years 48.5% of small businesses fail and in the first five years 73.5% fail hence small businesses are very different in the way the operate and in their chances of succeeding. Large businesses to not generally have as many...
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