Franchising recently spoke with the Minister for Small Business, Bruce Billson about the state of the small business sector.

Billson outlines the primary challenges faced by small business owners, as well as key sub-sectors that are experiencing improved business conditions.

He touches on research from both Microsoft and Deloitte that shows small businesses with high digital engagement experience a wealth of benefits, including:

• More positive business outcomes
• A higher revenue trajectory
• Better growth prospects

Billson said final amendments to the Franchising Code of Conduct are currently being made, and predicts the new Code will have a positive impact on the sector.