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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Saturday, June 26, 2004 | |
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Small Business Banking in Australia | |
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The small business landscape in Australia consists of a large number of very small companies.
According to a recent report by Datamonitor, SMEs account for more than 95% of the companies in Australia. There are 624,010 SMEs. The vast majority employ fewer than 20 people:
A few words of explanation are in order about the terminology "SMB" and "SME," both of which you will see used here on Small Business Trends. The two acronyms mean the same thing, more or less. They simply are used in different parts of the globe. "SMB" stands for small and midsize (or sometimes medium) businesses, and typically is the term used in the United States. "SME" is an acronym for small and medium enterprises. SME is the terminology of choice in much of Europe, the U.K., Australia and Asia. |
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