Ridgeline Commercial Realty’s Post

📝 This recent report provides a regional breakdown of its main findings, providing information that members of our different branches may find useful.

In an independently produced survey with Amárach Research about business costs, small businesses were asked about the impact of rising business costs in the past 12 months. This survey revealed that 83% of small businesses in Ireland are facing escalating costs.   Moreover, 35% of businesses report that they cannot continue trading beyond six months without additional funding. David Broderick, Director of the SFA, underscores the severity of the situation: “The fact that over a third of small businesses will run out of liquidity within six months without any financial aid shows how cash-strapped they are. One in five small businesses have secured funding from friends and family to cope with rising costs. This is an alarming reality.”   Supporting small businesses, the lifeblood of our communities, is more critical than ever.   For the complete survey results and detailed insights, visit: https://lnkd.in/emuD69XM #SmallBusinesses #BusinessCosts #CostEscalation #SFA #SupportSmallBusiness Ibec Jonathan McDade Geraldine Magnier

Have you seen the Queensland Small Business Strategy 2024–27, which is powering Queensland's small business sector? The Queensland Government’s three-year strategy is shaping success for small businesses by increasing employment and procurement opportunities, making it easier to do business, addressing workforce and costs of business challenges, enhancing skills and development, and growing diversity among the small business community. Explore what’s on offer at https://lnkd.in/gXEicxHB #QldSmallBusinessStrategy #PoweringSmallBusiness

From Aberdeen to Perth, smaller businesses across Scotland face unique challenges and opportunities. Our latest SME Access to Finance report will help us tailor support to help smaller businesses across Scotland thrive. Published collaboratively with Scottish Enterprise, our report offers deep-dive analysis of smaller business finance across Scotland and a comparison to other Devolved Nations. Download your copy here 👉 https://lnkd.in/g43PKEpf #Scotland #SmallBusiness #SME #SmallBusinessResearch

#QSBM2024 #LoveYourSmallBusiness Thanks so much to the Queensland Small Business Commissioner for last week launching the ‘Understanding the life cycle and mindset of Qld Small Business’ study by CENTRAL QUEENSLAND UNIVERSITY. This report is about improving our understanding and allowing government to tailor opportunities and support to help Queensland small business. It identifies the priorities of small business owners as well as providing insights into their personas! From this study, 6 typical Qld small business owner personas have been developed, distinguished by their different mindsets: 1. The Competitor 2. The Traditionalist 3. The Soloist 4. The Entrepreneur 5. The Risk Taker 6. The Vigilant Operator To discover which mindset persona best describes you, please check out the full report here https://bit.ly/44QM9Ce   Cheers Tamara Business Chamber Queensland          Queensland Chief Entrepreneur      #workshopspecialist #speaker #businesscoach #author #5littlebusinesspigs #repairyoursmallbusiness #renovateyoursmallbusiness #rebuildyoursmallbusiness #growyourbusiness #growyoursmallbusiness #businessgrowth #ProblemSolverExtraordinaire #businesscoaching #smallbusiness #smallbiz

2 businesses per day closed in 2023, with a projected 3 per day in 2024. (That was the projection in Q1, but since there's been over 11,700 businesses served demand notices by Revenue in May regarding their tax debt warehouse situation. So the figure of 3 per day for 2024 may be conservative. We can no longer ignore or sideline the reality of the newer and more grave pressure small businesses are under now (that's 98% of all the businesses in Ireland). Calling on Govt to do a 'PRSI rebate' as proposed by Small Firms Association, so as to effectively support every small business in our country rather than just those who pay rates (ICOB - 'Increase in Cost Of Business' package, the €257m support scheme is only getting paid to rate payers.) #sme #smallbusiness Minister Peter Burke and Department of Enterprise, Trade and Employment

Small businesses are the backbone of NSW, and we're doing more to support them 🙌 The NSW Charter for Small Business will help us work with small businesses to promote more opportunities and programs. This will look like: • a clearer and stronger focal point to support small businesses to start, grow and thrive through the Service NSW Business Bureau • stronger engagement on new policies and regulation • listening and responding to business pain points • making it easier for small businesses to bid for NSW Government contracts. Plus much more, so that we can work towards easier processes and less red tape for our local businesses. Learn more 👉 https://lnkd.in/g_8UBUVa #NSWBusinesses #SmallBusiness

Business Growth Programmes for SMEs are an essential facet of regeneration. In this article Jay Mehta examines the Subsidy Control issues to address when applying public sector funding towards Business Growth Programmes. Learn more: https://lnkd.in/eg5edM_s #BusinessSupportProgrammes #SubsidyControl #CommercialLaw

New Small Business Council meets for first time to discuss access to finance and removing barriers to growth. Chaired by Small Business Minister, Kevin Hollinrake, the Council will work alongside the PM’s Business Council to tackle the key issues facing small firms who will be given new levels of access direct to government. #smes #smallbusinesses #governmentsupport

Always a pleasure to be featured in Deeside Business Forum (DBF)! 🌟 Read more about our commitment to helping #SMEs and their finance needs below.