Australia/New Zealand Small Business News Round-up – 2009/03/11

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from Australia and New Zealand:

  • Plea to banks over easier credit: ACCESS to finance was the big issue for small business at the Government’s Global Financial Crisis roundtable meeting.
  • Govt to help SMEs get credit: The Federal Government says it will step in and help small businesses that have been refused finance from banks.
  • Bleak view, even as tide turns: TENTATIVE signs of the economy stabilising are emerging from small business, according to a survey published this week. But many fear worsening conditions.
  • Small business job cut intention grows: Small businesses are nearly three times as likely to be expect to lay-off workers than they were six months ago, a new survey shows. The Veda Advantage small business economic impact survey of 322 businesses found 22 per cent of…
  • Gill South: Start up companies’ success or failure in thew lap of the angels: PGG Wrightson chairman Craig Norgate triumphantly announced last week that he had arranged refinancing from the company’s banks. Other public companies are chopping dividends to help their financial situation and leaning on long relationships…
  • Cheque yourself – getting clients to pay up: The American wit Dorothy Parker once said that the two most beautiful words in the English language are “cheque enclosed”. Many entrepreneurs will agree.
  • Save the sob story for your accountant, not customers: IN THE past few weeks, I’ve been speaking to a lot of entrepreneurs about the current economic climate. As some large companies continue to slash jobs and profit expectations, there is an atmosphere of uncertainty and concern. Most of the entrepreneurs I have spoken to fall into two main camps.
  • Small business denied rate cuts: SENIOR bankers have acknowledged that interest rate cuts on mortgages have not been passed on to small business customers, as the Federal Government promised to keep pressuring banks to keep their credit lines open.
  • Adding fuel to the fires: Faction-plagued councils are bad news for small business, writes Max Newnham.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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