Small Business Focus

How to ensure your business survives (and thrives) despite the grim economy

Recently released statistics exposed our economy as quite grim.

The Money Show’s Bruce Whitfield interviewed Pavlo Phitidis, Director and CEO of the Aurik Business Incubator, for his weekly small business feature.

Phitidis mentioned examples of businesses that are surviving - and thriving - despite the stats.

Scroll down for quotes from the audio below.

In 2012 about 2 million businesses were registered for tax. In 2015 we have just under 3 million businesses registered for tax.

Pavlo Phitids, Aurik Business Incubator

In 2012 about 700 000 businesses paid tax. In 2015 only 476 000 paid tax.

Pavlo Phitids, Aurik Business Incubator

Small and medium sized businesses are increasing their tax payments while large companies’ tax contributions are flat.

Pavlo Phitids, Aurik Business Incubator

Economic participation by small and medium sized businesses is increasing.

Pavlo Phitids, Aurik Business Incubator

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This article first appeared on 702 : How to ensure your business survives (and thrives) despite the grim economy


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