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Small business can get better use out of technology.



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Media Release The Hon Fran Bailey, MP

13 February 2007

SMALL BUSINESS CAN GET BETTER

USE OUT OF TECHNOLOGY

Small Business Minister Fran Bailey says while small business has embraced IT, the sector could further benefit by exploring more ways of using computer technology.

"A recent CPA Australia survey shows that while more than 90 per cent of small businesses use computers for book-keeping, more than half of small businesses could get even more value from their IT investment," Fran Bailey, Minister for Small Business and Tourism, said today.

The survey reported that accountants believe only 44 per cent of small businesses were getting the full value from their IT investment. On the other hand, of the 34 per cent of small businesses that believed they could get better value from IT, 24 per cent said their skills needed updating to help take advantage of IT.

"That's why the Howard Government is offering funding of more than $8 million through the Building Entrepreneurship in Small Business program to deliver business skills training, particularly focusing on IT skills, to small businesses."

Around 92 per cent of small businesses said IT delivered improved business efficiency and 82 per cent said it helped them achieve their business goals.

"I urge small businesses to take advantage of the opportunities that are available to them to enhance their IT skills and to take advantage of the booming Internet and electronic business environment," Fran Bailey said.

"A great place to start is www.business.gov.au. This free website provides handy tips and suggestions for starting and developing a small business."

Media contact: Kevin Lowe 02 6277 7450 0408 404 468