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ASBFEO warns Australia can’t afford to overlook sole traders
['David Adams', 'Cec Bus']
SmartCompany
Policy should not ignore sole traders, the small business ombudsman says, pointing to the growth and diversity of entrepreneurs striking out on their own.
Many of those sole traders nowrun a business alongside other work obligations, instead of devoting all their time to solo entrepreneurship.
The data shows the number of women working as sole traders grew 31% between 2017-18 and 2021-22, far outpacing the 15% growth for men.
This change overlaps with caring responsibilities: women sole traders were primarily responsible for a growing number of sole traders providing unpaid care over the same period.
“If Australia is truly the land of opportunity and entrepreneurship, we must ensure sole traders – in all their variety – get the recognition and support they deserve,” said Billson.