What are the big trends affecting Aussie small businesses in 2023 and beyond? Part 1

RSM's talkBIG Podcast

In this two-part episode of talkBIG, hosts Andrew, Young and Chris explore the big trends affecting small businesses in Australia in 2023 and beyond. If you own a small business, listen up because this episode is just for you.

The world is changing fast, so it’s important for business leaders to reflect on their strategies and look for ways to improve. Obviously, knowing what to expect makes it that much easier to plan ahead. Earlier this year, RSM released an in-depth report which identified 8 trends changing the Australian business world in 2023. Our talkBIG panel discuss the report, talking about each trend and what it means for the average Aussie small business owner.

In part one of this two-part series, the gang talks about some pretty important topics that could make or break your business. First up, they cover wage compliance and how to stay on the right side of the law when it comes to paying your employees. Trust us, you don't want to get caught out on this one!

Then, they delve into data privacy, discussing the hefty price tag that comes with collecting customer data. With data breaches on the rise and the government cracking down on privacy breaches, it's important to take data privacy seriously. Luckily, the guys have some tips on how to do just that.

Next up, they tackle the topic of digital business and how to give your business a digital makeover. With remote working becoming the norm, it's time to start thinking about how you can use technology to improve your business and save money.

Last but not least, they chat about data insights and how to use the data you collect to make smarter business decisions. By combining data from different sources and incorporating external data, you can gain valuable insights that will help you make informed decisions for your business.

Stay tuned for part two, where we cover the remaining four trends impacting small businesses in Australia.

Text us your questions!

Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Chapters

1. Introduction (00:00:00)

2. Wage compliance: How to make sure your business stays compliant with wage and salary awards (00:01:04)

3. Data Privacy: The hefty price tag attached to your business’s customer data collection (00:09:03)

4. Digital Business: How to give your business a digital makeover (00:15:52)

5. Data Insights: How to use the data you collect to make smarter business decisions (00:22:00)

6. Outro (00:27:15)