The major goal of the Business Report is to link and document the material in your TLR with current practices, activities and experiences in real small businesses. It will require your group to research one or more small firms’ experiences of and understanding about the issues/s central to your TLR.
Business Report On A Small Accounting Firm
The report sets out to draw An analysis on small scale industry growth in Melbourne Australia.In this report it has been tried to analyze the factors that are critical for a small scale level business. Starting from the difficulty in opening a business, to the challenges it faces during operation, are analyzed in this report under question. Also the report determines the crucial factors that the firm has adopted to maintain its stand and operating smoothly towards profitable position.
Establishing A Small Business- An Accounting Firm
A thorough analysis of government literature survey regarding business reports, market economy, growth of small scale industry and problems faced by them, reveals that, in Australia small businesses is becoming a majorly contributing factor in improving Australian economy. According to Australian Bureau of Statistics a small business is an actively trading corporation with no more than twenty (20) employees, a medium sized business employs 20-200 people whereas large scale businesses employs more than 200 employees. According to ABS report of 2009, there were 2051085 numbers of listed active trading organizations, out of which 96% were small scale industry, 4% were medium sized enterprises, and 1% was large scale industries. Financial and Insurance service has a huge market, and according to market data in 2009, 98.4% of financial and insurance service sector and sub sectors were small scale firms,accounting firms and other financial assistance providers (Australian Bureau of statistics).