June 10, 2021 - June 11, 2021
12:00 am - 11:59 pm
Home Page Events, International Trade
Main Beach, QLD
Main Beach, QLD
The Small Business Association of Australia (SBAA) is proud to host its Bi Annual International Small Business Summit this year at Sea World Resort and Conference Centre, Main Beach, Gold Coast, Queensland Australia on Thursday, 10 and Friday, 11 June, 2021.
PROGRAM:The Summit program and presenters will be released early 2021 but will include the official opening, gala dinner and presentations from the business sector, policy makers, government minister, academia.
MESSAGE FROM SBAA FoUNDER & CEO ANNE NALDER:EVOLUTION OR REVOLUTION, A TIME FOR CHANGE There are periods throughout history when the world experiences an event so powerful that things do not remain the same. It becomes a time for new ideas and change. Such a time arrived with the coronavirus. The status quo cannot remain the same and it is now time for change. As a global economy, Australia and other nations can enter the Golden Age, but the Golden Age will only be achievable if there are serious reforms. The Summit is such an event where great minds and ideas come together resulting in a report to government. Whilst it will be important for all sectors of business large and small to play their role in the rebuilding of the Australian and global economies, small business is the key to any long-term recovery and sustainability. Historically it is small business that leads economies out of economic downturns. Economies do not recover from the top down but rather from the bottom up. The Summit will include the following topics,
- Entrepreneurship & Innovation,
- Education & Training,
- National Security that includes energy, food, investment, telecommunications, water.
PURPOSE OF THE SUMMIT96-99.7% of all businesses in contemporary economies are small businesses meaning they make up the bulk of businesses – globally. As an example, between Australian and Japanese small businesses, they make up approximately 6.5million small businesses. They are the economy. The purpose of the Summit is to lay the foundations for good policies including new ideas, best business practices and ease of doing business for small businesses particularly doing trade with global economies. This high-level Summit is set to become a mini APEC/ASEAN having the support of these important organisations and our global partners. It will set the tone and create opportunities for the small business sector domestically and globally. It will forge relationships and produce an environment whereby small business can compete and prosper. Small businesses are the backbone of the Australian economy. They are the key source of employment and a platform for business innovation. Small businesses are also the most sensitive to changes and the first to suffer if weighed down with excessive bureaucracy, changing rules, draconian regulation and unfair competition. Governments and policy makers need to adopt a more sophisticated approach towards small business by providing an economic plan for small business. Such plans need to identify strategic priorities and create opportunities for global economic sustainability for Australian small businesses MSMEs Australian Statistics
- There are approximately 2.4 million actively trading small businesses in 2019.
- 96% of businesses in Australia are small businesses.
- 88% are micro employing 0-4 staff as per Australian Bureau of Statistics (ABS);
- Approximately 700,000 do not employ staff.
- There are 868,248 employing businesses of all sizes. Of all employing businesses, 812,084 were considered small businesses with fewer than 20 employees.
- Small business including owners make up more than half of Australia’s workforce engaging up to 7 million.
- They produced 57% of Australia’s gross domestic value (GVD) which was generated by businesses between $100,000 and $50 million (NAB survey 2017).
- Of the employing businesses, 70% or 608,733 employed between 1 and 4 people whilst only 0.5% or 3,915 employed more than 200 people.