Bankwest business challenges survey

financial indicator series

06 September 2011

The Bankwest Business Challenges Survey found that 80% of SMEs are finding it tougher with the biggest challenge cited as the general economic environment (72%).

The latest report in the Bankwest Financial Indicator Series has found that over a third (35%) of businesses view the strength of the Australian Dollar as a challenge for their business, whilst a fifth (20%) of SMEs see it as an opportunity.

Compared to a year ago, 57% of Australian SMEs have had more challenges in retaining customers and 65% of businesses are struggling to attract new customers.

Businesses are also finding it tougher to retain employees (38%) and attract new talent (42%) compared to this time last year.

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