- In short: More small businesses are choosing to close because of falling profits during the cost-of-living crisis but their numbers aren’t included in insolvency figures
- What’s next? The federal government and Reserve Bank have been asked to consider small operators as they continue to fight inflation
Jessica Bailey has a strong record of conquering challenges in the small business world.
She opened her online vegan grocery store 22 years ago, at a time when both online shopping and veganism weren’t on Australia’s radar.
But Ms Bailey grew her sales to a point where she was able to open shopfronts in Sydney and Melbourne, expanding into a new premises in Fitzroy 13 years ago that would be become her flagship store.
She overcame the diffic…
Read the full article at: https://www.abc.net.au/news/2023-06-23/insolvency-data-small-business-closures-rate-rises/102496432