00:03Small businesses face big costs, and for many it's a weekly struggle to make ends meet.
00:09As a small business owner, there's never been less in the kitty at the end of the week.
00:14Spiro Siros has been a business owner for more than 21 years, but says it's harder than ever to balance
00:20the books.
00:21He's far from alone, the Australian Chamber of Commerce and Industry's latest survey revealing the extent of the issue.
00:27A third of all small businesses said they had considered closing their doors in the last 12 months, and that's
00:34a very worrying sign of course.
00:3663% of respondents said they were struggling with rising costs, 53% said red tape was negatively impacting them,
00:45and 84% said they had some degree of stress about the future of their business.
00:50If you want an unstable job, go and buy a small business. You get paid less than most of your
00:55staff on so many occasions.
00:56And with inflation remaining stubbornly high, business owners, along with homeowners, are bracing for another rate hike by the end
01:05of the year.
01:06We've got to give small business a fair go. Small business shouldn't be the punching bag in the economy.
01:12The government says no country has been spared from global economic uncertainty, with oil prices soaring from the war in
01:19the Middle East escalating.
01:21But the opposition says the issue is homegrown.
01:25And it continues to engage in a failed economic model of stoking inflation, taxing inflation, then spending inflation, where real
01:34wages and wealth is falling further behind.
01:37Something needs to give before businesses are forced to call last drinks.
01:426.
01:444.
01:45The one who owns the bank.
01:46The two who owns the bank.
01:4712.
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