Using the employment measure of small business, there were 2,065,523 small businesses in Australia employing less than 19 people, accounting for 97 per cent of all Australian businesses by employee size. There were 51,000 medium sized businesses, employing 20 to 199 employees, which is 2.4 per cent of all firms.
While the vast majority of businesses in Australia are small -- accounting for 97percent of all businesses -- they're shutting their doors in alarmingly high numbers. According to the Australian Bureau of Statistics, more than 60 percent of small businesses cease operating within the first three years of starting.Sep 28, 2015
