“Cautiously optimistic” is a bit of an oxymoron – but a term that Jarot Business Assessments thinks is an apt description for the small business market, in Australia, at this point in time. Australian Bureau of Statistics figures show that an additional 21,000 businesses (1% increase) were added to the total number of businesses in Australia over 2014/15. Importantly, this net increase was just as much about fewer businesses closing rather than a large increase in new business registrations. This is perhaps another sign that the Australian economy, and indeed small business performance, is starting to improve.
