* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 15, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Iconic Missouri Diner That Gives You A Taste Of Live Entertainment With Your Meal – Yahoo

    Savor Delicious Meals While Enjoying Live Entertainment at Missouri’s Iconic Diner

    Keke Palmer Revealed How She Came Up With Her Son Leodis’ Name – Yahoo

    Keke Palmer Shares the Heartwarming Story Behind Her Son Leodis’ Name

    The Media and Entertainment Deal Machine Is Revving Up – WSJ

    The Media and Entertainment Deal Machine Is Gearing Up for Action

    Op-Ed: Data Storage and Protection in Today’s Media & Entertainment Industry – Sports Video Group

    How Data Storage and Protection Are Transforming the Media & Entertainment Industry

    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Editor’s Pick: 9 Books on Technology – The Gospel Coalition

    9 Must-Read Books That Will Completely Transform How You Understand Technology

    New Semiconductor Technology Could Supercharge 6G Delivery – SciTechDaily

    Revolutionary Semiconductor Technology Set to Turbocharge 6G Connectivity

    UTC To Host Quantum Technology Workshop June 23-25 – Chattanoogan.com: Breaking News

    Join the Quantum Technology Workshop This June 23-25!

    Rimac Technology Powers the Bugatti Tourbillon with Cutting-Edge Battery and Powertrain Tech – Rimac Newsroom

    Rimac Technology Drives the Bugatti Tourbillon with Revolutionary Battery and Powertrain Innovation

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Iconic Missouri Diner That Gives You A Taste Of Live Entertainment With Your Meal – Yahoo

    Savor Delicious Meals While Enjoying Live Entertainment at Missouri’s Iconic Diner

    Keke Palmer Revealed How She Came Up With Her Son Leodis’ Name – Yahoo

    Keke Palmer Shares the Heartwarming Story Behind Her Son Leodis’ Name

    The Media and Entertainment Deal Machine Is Revving Up – WSJ

    The Media and Entertainment Deal Machine Is Gearing Up for Action

    Op-Ed: Data Storage and Protection in Today’s Media & Entertainment Industry – Sports Video Group

    How Data Storage and Protection Are Transforming the Media & Entertainment Industry

    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Editor’s Pick: 9 Books on Technology – The Gospel Coalition

    9 Must-Read Books That Will Completely Transform How You Understand Technology

    New Semiconductor Technology Could Supercharge 6G Delivery – SciTechDaily

    Revolutionary Semiconductor Technology Set to Turbocharge 6G Connectivity

    UTC To Host Quantum Technology Workshop June 23-25 – Chattanoogan.com: Breaking News

    Join the Quantum Technology Workshop This June 23-25!

    Rimac Technology Powers the Bugatti Tourbillon with Cutting-Edge Battery and Powertrain Tech – Rimac Newsroom

    Rimac Technology Drives the Bugatti Tourbillon with Revolutionary Battery and Powertrain Innovation

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Over a third of sole traders see income fall

April 4, 2024
in Business
Over a third of sole traders see income fall
Share on FacebookShare on Twitter

The beginning of the year has brought challenges for Australia’s 1.5 million sole traders, as more than a third (38%) have seen a decrease in revenue, marking the sole financial quarter to show such a decline in the past two years.

According to the latest Hnry Sole Trader Pulse, the sole nationwide survey of self-employed individuals in Australia, encompassing consultants, freelancers, contract tradies, and healthcare workers, the drop in revenue has surpassed growth (37%) for the first time since the onset of the pandemic. This marks a departure from the previous two years, during which sole traders consistently witnessed an improvement in turnover rather than a downturn.

Feeling the increasing pinch of inflation and rising costs, only 56% of sole traders in March 2024 feel secure in their jobs, falling from 61% in October last year.* This comes as one in five (19%) are looking to give up independent earning to work for someone else, with 48% of this group looking to improve their earnings and 47% seeking greater stability.

Karan Anand, Managing Director of Hnry Australia, said: “With 50,000 new sole traders expected to enter the sector this year, this group is an essential subsection of our workforce that signals the broader health of the economy. Our data shows us they’re doing it tough and feeling the lasting impact of inflation and back-to-back interest rate rises. 

“The good news is that as economic pressures promise to ease, overall sole trader optimism, whilst modest, is on the rise – with 35% feeling positive about the health of the economy in six months’ time, a jump from 23% in October 2023, and the highest since March 2022.”

However, not all sole traders are bearing the brunt equally. Understandably those that are new to sole trading are struggling to find their feet in a tough economic climate, with over half (52%) of sole trader businesses under two years old reporting falling revenue, in contrast to 30% of those aged 3-10 years, and 39% aged over 11 years. 

This data corresponds with independent earners aged under 34 feeling more impacted by stagnating turnover (49%) when compared with their 35-54 year old (38%) and 55+ year old (34%) counterparts. 

Some industries are also faring worse than others – less than half (46%) of freelance creatives including designers, photographers and marketing consultants, feel positive about their financial security. This comes despite the government’s multi-million dollar investment into the creative sector last year, with many businesses continuing to tighten the purse strings and take creative work in-house that would have previously been outsourced.**

By comparison, health and wellness professionals are feeling the most secure (67%), followed by consultants (64%) and contract tradies (63%). Where 42% of self-employed creatives have seen their income fall, only 28% of wellness workers reported the same, as consumers prioritise spending on self-care and wellbeing in 2024.

Mr Anand continued: “Despite experiencing a challenging start to the year, the majority of sole traders are still continuing to reap the rewards of being their own boss. Positive feelings around work-life balance (65%) and wellbeing (58%) have remained unchanged since last October, while job satisfaction has improved from 62% to 66% – signalling the greater freedom and flexibility of self-employment continues to pay personal dividends.”

The data also reveals that tax and financial admin continues to be a significant drain on productivity, robbing the average sole trader of an hour per day, while a day per week is lost to tracking business expenses alone. 

“An empowered workforce is a productive one. Ensuring that sole traders have the tools and resources they need to build thriving businesses is vital not only for the sector’s longevity – but for the nation’s economic success,” Mr Anand concluded. 

The Hnry Sole Trader Pulse is Australia’s only regular, comprehensive snapshot of the sentiment of self-employed people in Australia. For more information, visithnry.com.au/au/soletraderpulse.

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram. 

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Dynamic Business – https://dynamicbusiness.com/topics/news/over-a-third-of-sole-traders-see-income-fall.html

Tags: a thirdbusinessTraders
Previous Post

News24 | ‘The suspects were plotting to execute a hit’: Nine gunmen killed in shootout with KZN police

Next Post

Modular: Transforming AI infrastructure for maximum performance

Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

June 15, 2025

UF taps global invasion ecology expert to lead new era of the ISI – South Central Florida Life

June 15, 2025
Saluting excellence in science, math – West Newsmagazine

Saluting excellence in science, math – West Newsmagazine

June 15, 2025
Scientists found the brain glitch that makes you think you’re still hungry – ScienceDaily

Scientists found the brain glitch that makes you think you’re still hungry – ScienceDaily

June 15, 2025
Healthy Lifestyle Lowers Cancer Mortality Risk – Cancer Health

Healthy Lifestyle Lowers Cancer Mortality Risk – Cancer Health

June 15, 2025
World Bank warns the global economy is barreling toward its weakest decade in 50 years – Fortune

Global Economy Braces for Its Weakest Decade in Half a Century, Warns Experts

June 15, 2025
The Iconic Missouri Diner That Gives You A Taste Of Live Entertainment With Your Meal – Yahoo

Savor Delicious Meals While Enjoying Live Entertainment at Missouri’s Iconic Diner

June 15, 2025

Urgent Update: Fourth Emergency Committee Convenes to Address 2024 Mpox Surge with New Temporary Recommendations

June 15, 2025
Democrat Mikie Sherrill and Republican Jack Ciattarelli win New Jersey governor primaries – CNN

Democrat Mikie Sherrill and Republican Jack Ciattarelli win New Jersey governor primaries – CNN

June 15, 2025
Editor’s Pick: 9 Books on Technology – The Gospel Coalition

9 Must-Read Books That Will Completely Transform How You Understand Technology

June 15, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (687)
  • Economy (701)
  • Entertainment (21,604)
  • General (15,394)
  • Health (9,742)
  • Lifestyle (706)
  • News (22,149)
  • People (703)
  • Politics (708)
  • Science (15,919)
  • Sports (21,201)
  • Technology (15,689)
  • World (683)

Recent News

Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

June 15, 2025

UF taps global invasion ecology expert to lead new era of the ISI – South Central Florida Life

June 15, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version