It appears that a change in Prime Minister has only bolstered the view of small business when it comes to Australia’s Coalition as EntreHub’s State of the Small Business Nation survey has found. The survey is conducted quarterly and tests the mood of small business owners, start-ups and entrepreneurs when it comes to Government and Opposition policy dealing with matters related to overall confidence in the future, preferred Prime Minister, small business policy and issue specific areas of concern dealing with business growth. This is the first time the survey has been conducted and was sent to 1200 EntreHub small business members residing in Australia with 304 responses received. The survey was conducted between the 10th and 13th of October 2015.
The results show that the Governments budget announcements in May for small business hit the mark with many wanting to see more detail of the Labor policy or they 31% did indicate they were unaware the Opposition had one. Just 6% were in favour of Opposition policy. 72% said the elevation of Malcolm Turnbull to the Prime Ministership had boosted their confidence with 62% also saying they were more confident about the Australian economy now than they were 12 months ago. A whopping 83% have said that it is time for a review into penalty rates.
Matthew Tukaki, CEO of EntreHub said "There is no doubt that Malcolm Turnbulls tilt at the top job was just what business in general needed and his statements so far back up the approach the former Abbott Government was taking under Bruce Billson to focus more on small business. The response about Labor seeing only 6% in favour of their policy could be attributed to the fact traditionally an Opposition only releases policy near or during an election which is why 63% wanted more detail or 31% didnt know there was one but by far the biggest jolt is when it comes to penalty rates - many think it is time for a honest debate about penalty rates and that I think is one area where both Government and Opposition will be seen as moving in different directions."
What do you think of the Australian Government’s small business policy agenda announced during the May budget:
In Favour: 81%
Have already accessed it: 62%
Missed the mark: 9% (many commenting they would have liked to have seen movement on penalty rates)
What do you think about the Labor Opposition’s small business policy?
In Favour: 6%
Would like to see more detail: 63%
Unaware they have one: 31%
Do you think a change in Prime Minister has boosted your confidence?
Are your more confident about the Australian economy today than at the same time last year?
Do you think it is time for the Government to review penalty rates?
Tell us what you think; are you more confident today than 12 months ago, do you think it is time to relax penalty rates? Is Malcolm Turnbull the right Prime Minister for small business, start-up, entrepreneurs or is Labor hitting the mark? comment below.
(if you would like to repost the infographic and data as a media organisations please do so so long as you provide acknowledgement and links back to the original article)
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