09.08.2024
Recent insights from a Broker Daily article reveal that small businesses across Australia are feeling the pressure as long-term confidence continues to decline, with only 29% optimistic about the next decade. Rising costs, subdued consumer demand, and economic uncertainty are all contributing to this decline. Despite a slight boost in short-term confidence, the long-term outlook remains bleak, particularly for businesses with lower turnover.
With 66% of small businesses earning under $100k choosing to avoid debt, it’s clear that economic strain is pushing many to adopt a cautious approach. The stress and burnout among business owners, especially in hospitality and construction, underscore the need for tailored support and expert guidance.
At FINSTREET.AU, we specialise in lending solutions for self-employed customers who face these unique challenges. Our expert team is here to help you navigate this complex landscape and find the best financial solutions tailored to your specific circumstances. Reach out to us today for advice and support that can make a difference for your business. Let’s work together to build resilience and secure a brighter future – let’s Grow Further, Together!
