Is the small business dream being strangled by regulation and a cost of living crisis? According to the latest ABS data, small businesses are closing by the thousands and the number of new startups is steadily drying up. / (min cost $ 8 ) or signup to continue reading In 2022-23 there was only a 0.8 per cent or 19,973 increase in the number of new businesses, the lowest in four years. While the entry rate stands at 15.8 per cent, the exit rate is 15 per cent. Non-employing businesses have increased by 2.3 per cent, suggesting that businesses are downsizing and struggling to maintain employment levels. However, this pattern does not…
