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Small business ill-prepared for tech hurdles

Originally published: Accountants Daily, 18 May 2022

The majority are lagging in digital adoption and hope for increased government support post-election, a survey finds.

Australiaʼs small-business owners are facing technology challenges, supply chain pressure and staff shortages in the lead-up to the federal election, the latest Xero survey found.

It revealed technology adoption was lagging for small-business owners, with the vast majority of respondents (79 per cent) having concerns about, or not considering technology important, to the success of their small business.

The survey was commissioned by Xero Australia and undertaken by Pureprofile to analyse the sentiments and expectations of small businesses ahead of the election. 

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