When governance breaks down at the top, small businesses must lead by example

The High Small Business Failure Rate in Australia – Linksforce

The landscape of small businesses in Australia is both vibrant and challenging. According to the Australian Bureau of Statistics, small businesses account for approximately 97% of all Australian businesses, employing around 44% of the workforce. Despite their significant contribution to the economy, the failure rates among these enterprises are alarmingly high. Research indicates that about 60% of small businesses do not survive beyond their fir…

When governance breaks down at the top, small businesses must lead by example

Governance is a word that tends to conjure images of grey-suited corporate boards, thick policy manuals, and bureaucracy. But at its core, governance is simple: it’s how decisions are made, implemented, and monitored. It’s the framework that determines who’s responsible, what the rules are, and how an organisation (or a country) ensures transparency, accountability, and fairness. Right now, the world is witnessing what happens when governance br…