Clinton is joined by Barry Urquhart, a business strategist and consumer analyst at Marketing Focus, about whether there is a future for small, family-based businesses in Australia?

Mr Urquhart reveals that the majority of Australia's 2.5 million small businesses are family-owned and operated, many of which are micro-sized with five or fewer employees.

The COVID lockdowns, coupled with current cost-of-living and business challenges, have severely impacted this sector. Aging business owners face daunting realities:
Small business values have declined or disappeared.
Retirement plans are postponed.
Succession within families is uncertain.
Cash-flow problems and squeezed margins have dampened enthusiasm.
Technological advances have made many products and services obsolete. Decisions ahead are tough and critical.

Clinton is joined by Barry Urquhart, a business strategist and consumer analyst at Marketing Focus, about whether there is a future for small, family-based businesses in Australia?
Mr Urquhart reveals that the majority of Australia's 2.5 million small businesses are family-owned and operated, many of which are micro-sized with five or fewer employees.
The COVID lockdowns, coupled with current cost-of-living and business challenges, have severely impacted this sector. Aging business owners face daunting realities:
<ul>
<li>Small business values have declined or disappeared.</li>
<li>Retirement plans are postponed.</li>
<li>Succession within families is uncertain.</li>
<li>Cash-flow problems and squeezed margins have dampened enthusiasm.</li>
<li>Technological advances have made many products and services obsolete. Decisions ahead are tough and critical.</li>
</ul>

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.

Wake Up Australia, 4am - 9:30am weekdays.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.
Wake Up Australia, 4am - 9:30am weekdays.

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