Newsletter
October 2018 Newsletter
The impact of NBN on small businesses
Are you aware of how the NBN roll out (Australia’s biggest infrastructure development in history) will be affecting all types of small businesses? A study was conducted by NBN and AlphaBeta, to decipher the impact and difference NBN had on small businesses in different regions – one where NBN had been developed and rolled out and the other where it has not been completed.
There was some clear data showing on Xero that small businesses with NBN installed increased their employment by 1/3 and increased their revenue by 2/3 in comparison to businesses who did not have NBN installed.
The $49 billion NBN roll out is approximately 50% complete and now provides greater access to small businesses who employ more than 70% of Australia’s workforce.
The study conducted by these two major organisations also showed that businesses who accept and embrace technological advancements for their business (such as apps and online portals) benefit greatly and have increased productivity while managing their growth efficiently.
Source – Read the full article at Inside Small Business here: https://insidesmallbusiness.com.au/planning-management/the-impact-of-nbn-on-small-business