Businesses want more govt support: SME survey

Over a third of Australian small businesses are unhappy with the support they receive from the federal government, according to MYOB.

The March 2015 MYOB Business Monitor, a bi-annual national survey of more than 1000 small to medium business owners, found that 33 per cent of SMEs were dissatisfied with the level of federal government support they are receiving compared to 27 per cent saying they were satisfied.

Younger business owners (Generation Y) were most satisfied while those aged 65 and above most likely to call on the government to do more.

In addition, 34 per cent of respondents were disappointed in their state government’s performance in the last six months, compared to 29 per cent of SMEs who felt that their state representatives had been performing well.

“The message from Australia’s small and medium businesses is clear – more support from the federal and state governments is required to allow them to reach their full potential and further develop the key role they play in our country’s economy,” said MYOB CEO Tim Reed.

Despite the negative attitudes to government, the survey also found that the sector enjoyed its strongest revenue performance for the last four years.

23 per cent of SME owners surveyed increased their revenue in the last 12 months. This is the highest level of revenue growth recorded since September 2011.

Thirty per cent of SMEs surveyed reported a decrease in revenue, the lowest level since March 2011. A further 43 per cent reported stable revenue in the last 12 months.

According to Reed, the result shows small businesses are reaping the rewards of their hard work.

“However, we continue to see a larger number experiencing declining revenue than those seeing it grow. For the sake of our economy, we need to address this by providing the nation’s SMEs with the support they need to drive their businesses forward,” he said.