Resilience of Australia’s SMEs highlighted in survey
October 2th, 2020 – While it is undeniable Australia’s SMEs are facing an incredibly challenging period, which may understandably make it hard to focus on the future, research from OnDeck Australia has revealed a streak of resilience through the country’s small businesses.
While around just under nine out of ten (86%) SMEs have already been impacted by the pandemic, with 92% expecting COVID to have a ‘negative’ impact on their business in the future, many organisations have insisted on optimism nonetheless.
One in five (17%) of those surveyed expect to recover within three months, with a further 33% hopeful of recovering within six months. For 29% of SMEs, the process could take between nine and 12 months – meaning an overwhelming 80% of small businesses expect to be back on their feet within one year’s time.
Written by Austrialian Broker
Related Post
IUE Opens a New Chapter: Celebrating...
The International University of Entreprenology held its 2026 Graduation Ceremony in Las Vegas, honoring the wisdom of lived experience and w...
Smaller firms, greater risks
“Smaller firms greater risks- How Strait of Hormuz disruptions could trigger an exclusion effect for small and medium-sized enterpri...
ICSB Releases Top 10 Global Trends...
The International Council for Small Business (ICSB) has published its annual Top 10 Trends for MSMEs in 2026, authored by ICSB President &am...
