Peter Strong: Why 2018 was a good year for most small business owners

There is no doubt 2018 was a year of good outcomes for small business owners in Australia. If, for no other reason, because the year ended with a big focus on the mental health of the self-employed. But there are plenty of other reasons we should be pleased. In 2018, the government focused on growth for the economy through small business. As a result, our economy is now well placed to build on the innovation and energy provided by the 2.5 million self-employed Australians. The budget deficit will soon be a surplus giving more momentum to small business owners to start up, innovate and grow — if that is what they desire. This focus on our sector certainly does not mean all small businesses are well off, but it does provide motivation to develop new products and processes. Those struggling must never be left behind or dismissed as ‘collateral damage’ of market forces, because they likely employ people who will also become collateral damage. Support and consideration for those experiencing the downside of change is not misplaced or a weakness, it is the sign of a healthy society.