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.