Too many small businesses are hurt by not being in the 'in-crowd'
Originally published in the Canberra Times on Monday, 27 May 2024.
Bruce Billson
Winning a government contract can be life-changing for a small business. As all businesses know, there is no substitute for good customers.
The Australian government procured goods and services worth $75 billion in 2022-23. Despite making up 97 per cent of all businesses, small business suppliers accounted for only $8 billion, or 11 per cent, by value.