A RISING proportion of small businesses is enjoying improved revenue flows, and there has been a sharp jump in those firms expecting better times this year, a new survey shows.
Research by business software provider MYOB found that while less than a quarter (22 per cent) of small and medium sized enterprises (SMEs) surveyed reported rising revenue over the year to February, it was the best result since March 2011.
Those reporting a decline in revenue also eased to 34 per cent compared to 39 per cent when last surveyed in August 2013.
The March 2014 MYOB Business Monitor also saw a significant increase in SMEs anticipating a revenue rise in the next 12 months - 34 per cent compared to 25 per cent previously.
MYOB CEO Tim Reed said the findings clearly told a positive story.
"Buoyed by record-low interest rates and a lower Australian dollar, local SMEs' hard work and resilience is now bearing fruit," he said when releasing the report on Tuesday.
The survey of 1032 sole traders to mid-sized companies found that those in finance and insurance were the most positive in terms of both actual revenue and the revenue expectations.
South Australia and Victoria were the most optimistic mainland states.
The price of fuel was once again the top pressure point for SMEs, as it had been since March 2011.
Cash flow remained in second place, while attracting new customers rose one place to equal third with competitive activity.
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