Big and small business

Big and small business are stronger together, and the nation is stronger when we work together.

Together business in Australia employs 10 million of the nation's 12 million workers, and trade between big and small business is valued around $500 billion a year.

The Business Council of Australia and the Council of Small Business Organisations of Australia have signed a memorandum of understanding, committing us to work collaboratively on issues such as taxation and workplace relations.

Business Council President Grant King (pictured bottom right above) signing the MOU with COSBOA Chairman Paul Nielsen, accompanied by Peter Strong and Jennifer Westacott.

Behind every successful big business are strong partnerships with local small businesses, and small business depends on having a growing national economy.

There’s a lot we can achieve simply by working together.

Small operators understand business is an ecosystem, individual businesses don’t exist on their own, and there needs to be investment and cooperation across all levels of business.

A vibrant and diverse business sector underpins Australia’s wellbeing, breathing life and jobs into towns and cities. It generates tax revenue that sustains government services, and returns profits to the nation’s shareholders and superannuation funds.

There is no big business without small business, and there is no small business without big business.

We are totally interconnected, and it is that interconnection which is one of our nation’s greatest strengths.

The activity of Australian businesses – big and small – isn’t just the foundation of our economic prosperity, it’s part of our social fabric.

Read Jennifer Westacott's speech to COSBOA's national small business summit here.