In general, small businesses are not healthy. Here are some alarming statistics – Australian Small Business and Family Enterprises Ombudsman (ASBFEO) has found that 49% of small business owners make less than average wages, and two out of 5 micro and small businesses are not profitable.

Interestingly, there are also businesses who are thriving in the current conditions, at the same time these other businesses are failing. And these differences can be seen within the same industries. So what can be done to make more businesses into profitable, successful ventures? If you are concerned about the health of your business, what can you do to improve it?

The first step is to understand what is going on in the business and identify any problems. Seeking help from your business adviser is key.

Start the process today with a Business Health Check Quiz. You’ll get a free, no obligation report sent to you. It will highlight what is working well in your business, and areas that need improvement.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.