The contribution of Small Business Enterprises to the Australian economy is significant. Therefore, it is necessary for small business owners to be accurately and timely informed whenever making decisions, such as, how to set up, operate, control and manage a small business enterprise in Australia, as well as, when to expand or dispose of this business. Ideally, the small business owner will obtain the appropriate information so as to make effective and efficient planning and control decisions, including those decisions necessary to meet legislative obligations. Owners must ensure that planning and control decisions are made using current information. There are various sources of information available to the owners of Small Business Enterprises. Information can be collected from diverse sources, such as, accountants, lawyers, local councils, small business agencies and government departments. In addition, there are a number of business magazines and media websites in Australia that discuss current issues surrounding small businesses. News Media's also include sections and, at times, special features on small businesses. Industry and trade journals also are aimed at Small Business owners. Retail Pharmacy is an example of a monthly publication aimed at Pharmacy owners and their employees and includes advice from business finance to marketing to technical information. Accounting bodies also have their own magazines, such as, the Chartered Accountants Australia and New Zealand Acuity magazine which is freely accessible online.
Create a portfolio based on current issues for small businesses which will be separated into the 5 discussion topics below:-
1. Record Keeping & Compliance and Australian Tax Obligations
2. Budgeting for Labor Commitments.
3. What is involved in Planning and Managing for Innovation/s?
4. Security and E-Business
5. The concepts of Environmental Management and Sustainability in SBE's