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Would small business awards handed down by the Prime Minister, or formal accreditation for those who pay suppliers on time, help to re-energise the SME sector?
Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Bruce Billson believes so, including both proposals in a new 14-point plan to support the entrepreneurial community.
The plan arrives at a particularly tough time for the small business sector, which has been rocked by economic conditions, consumer spending downturns, and what advocates call an increasingly complex regulatory environment.
The list, released Thursday, suggests formal recognition from the Prime Minister for small business excellence could encourage Australians to take the plunge into entrepreneurialism.
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