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How did Australian small businesses fare during the first COVID-19 lockdown? Did some cope better than others? |
Australian Small Business Responses to the COVID-19 pandemic
A SEAANZ white paper by Tui McKeown, Sean Way, Miria Lazaris, David Gregory, Daniel Prajogo and Barbara Maidment
Small businesses (those with less than 20 employees) make up nearly 98% of all Australian businesses. Responding to the COVID-19 crisis has presented small businesses with new challenges, and there is evidence that many are looking to alternative solutions for survival in the longer term. This paper presents recent evidence which can be summed up as a focus on business innovation, flexibility, and agility.