Friday 22nd September 2023

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

It’s a tough time for small businesses in Australia and the road back from COVID seems to be a lot longer one that most expected. In this episode of The Weekend Edition Phil talks to Ana Marinkovic, NAB’s executive general manager of the Small Business Bank, who describes a two-speed recovery, between those who have been able to cut costs and embrace online, and those who haven’t. Those unable to find cost effective labour are being hit particularly hard. But many businesses hit with rising costs are reluctant to push their prices up, taking a margin hit instead. So, looking closely at your operating costs and not being afraid to reprice are some of the key takeouts from Ana on this week’s podcast.

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