Business and management insights
There’s no doubt about it: Australia is a nation of small business owners and managers. More Aussies are employed by small businesses than medium and large businesses – just over 44%. In other words, if you’re not working in a small business now, there’s a strong chance you will be later in your career. In fact, you might be one of the thousands of Australians who launch their own business each year. Or one of the hundreds of thousands of managers working in small businesses.
Modelling on success
Great leaders aren’t born, they’re made. It takes experience, determination and a bit of elbow grease to become an effective manager. One of the most important steps you can take is learning how to make smarter business decisions. And smarter human decisions.
According to a survey by CPA Australia, the top priorities of fast growing small businesses include good staff (28%, compared to 21.5% of non-growing businesses) and improved business management (27.8%, vs 12.9%). In other words, SMEs that put HR and management at the top of their to-do list are more likely to succeed. As a future leader and manager, you’ve got real power to shape the success of your organisation.
The changing face of employment in Australia
Currently working in a profession? There’s a chance that in the future, your career will look a lot different. Sure, you’ll be doing the same kind of tasks, but according to the stats, you’re much more likely to be an independent contractor. Nearly 10% of all Aussie workers today are independent contractors (ICs). If the trend towards becoming an IC continues, it’ll become just as normal as being a permanent or casual employee within the next 20 years. Being an independent contractor doesn’t just mean knowing how to manage the tax and accounting stuff – though that’s a big part of it. You’ll also need to know how to market yourself as a contractor.
That’s where we come in. Monarch Institute courses are designed to give you the real-world skills you’ll need to succeed as a small business of one.
There’s never been a better time to study business and management. You could be stepping up in your current organisation. Or planning to be your own boss in the future. Whatever your path, you’ll love your Monarch Institute learning experience.
Your next steps
Ready to get started? Check out our nationally recognised courses, including the BSB42615 Certificate IV in New Small Business, or for future family business leaders, the BSB42615 Certificate IV in New Small Business – Specialisation: family business. The BSB51915 Diploma of Leadership and Management is ideal for students chasing those big-picture skills, like organisational change and policy development. Or for a unique course that’ll leave you ready to hit the ground running, explore the BSB61015 Advanced Diploma of Leadership and Management.
Sources: abs.gov.au, imip.gov.au, business.gov.au, businessincubation.com.au, smallbusiness.wa.gov.au, KPMG, cpaaustralia.com.au