‘Squeeze the tube’: Small businesses, big problems as inflation, energy costs bite

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Running a company right now is like getting the most out of a tube of toothpaste, according to small businessman Avi Efrat. tom_cowie costofliving smallbusiness Melbourne

Running a company right now is like getting the most out of a tube of toothpaste, reckons small businessman Avi Efrat.

Federal Labor’s workplace bill includes a greater role for the Fair Work Commission to determine requests for flexible working hours and multi-employer bargaining across a range of industries.“The ripple effect of the proposed changes would simply result in small business owners reducing staff levels, cutting back hours or simply closing their doors as it is no longer viable to run,” Small Business Women Australia founder Amanda Rose said.

To prevent passing on those increases to his customers, Efrat now sources his timber in bulk from Malaysia and Indonesia. Sales are up 70 per cent over the past year after the pandemic drove customers to his mobile business, but that profit was at risk of being eaten up by inflation. “People need to start to opening their expenses, their credit card bills, to go over everything,” he said.

 

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tom_cowie Pffft!

tom_cowie Oh the poor business owners. The poor coffee shop owners. Here's a tip. Don't open a business if you can't afford to pay a living wage. $25 an hour for a adult. My suburb has 3 pizza shops, 3 fish and chip shops, a Chinese, a Vietnamese and an Indian.

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‘Squeeze the tube’: Small businesses, big problems as inflation, energy costs biteRunning a company right now is like getting the most out of a tube of toothpaste, reckons small businessman Avi Efrat | tom_cowie smh_andrew tom_cowie _andrew Yes, it's true.
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