How much money does a typical small business make?
If you start a small business, how much can you hope to earn?
According to the Australian Bureau of Statistics, at June 2013 about 23 per cent of small businesses had a turnover of less than $50,000. Around 36 per cent had a turnover between $50,000 and $200,000, and 34 per cent had a turnover between $200,000 and $2 million. At the top end, 7 per cent of small businesses had a turnover of more than $2 million.
If you’re looking to boost your own business growth, we’ve put together some advice on how to generate capital for your business.
Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.