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Hello Florian
I wonder how many will succeed 🤔
I wonder how well they will go with the markets overseas being very unstable
Not buying the stat's, unemployment all time low, ABS Is manipulating the data, all BS, same with the fed reserve
Does anyone start to believe the fake number
Sadly, see how long they last.
Registering an abn and name is pretty simple. rebuilding a business closed due to government control or bankruptcy…well time will tell.
You'll probably find there mostly foreigners refugees and the like that have just come here and are about to start ripping of the system .
How many closed in the same period?
Many left the workplace due to unlawful mandates! Anyone caught in that trap would do much better in life starting their own business!
I wonder how many of these were people registering for uber eats 🤔
you're not getting it…. until u realise u need capital to RUN a business…
too bad you're 20 years behind.
''Quiet qutting' coporate slang for not taking the bullshit of working beyond regular paid business hours for free.
Wouldn’t be the self managed super fund’s opening businesses?
167,646 businesses went bankrupt and rebirthed
How many are side-gigs?
Hope the authorities are investigating new companies making sure they didn't just shut up to avoid taxes or services to reopen under new name etc
Unfortunately, 95% of these new business starters are dreamers. Anyone can register a business name and think they can do a better job by themselves than when they were working for an established company.
Also, too many "similar type" businesses are being started, who believe that undercutting their opposition will make them succeed – the result is that no one makes a worthwhile profit. Recessions typically cleanse out these excess businesses/sole operators & poorly operated companies.
Sit back and watch the unfolding show folks.
I'm a building designer and outsource to 2 Filipino (building designer & architect) using upwork. I am able to outsource at a 1/10th of the invoice. I get the work, communicate with the client and all relevant contractors, manage and do quality checks. The issue is it would take me at least 6mths to train up someone with no prior experience (Which I dont have the time to do- that would mean losses) and any decent drafter in Australia would be charging not much less than what I charge the client so would make no profit really. So this way I can serve the demand which is high and feed 2 families in the Philippines and make a profit for myself