Latest / Best of Business / Chris Small: ABC Business Sales CEO on the MYOB report revealing the increasing work for SMEs

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Chris Small: ABC Business Sales CEO on the MYOB report revealing the increasing work for SMEs · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talks B follow
• 0:12
  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: When you report into our economy focus on small to
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  Speaker 2: mediums i e. The Smeeth growing positivity, a third saying
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  Speaker 2: they've got more work lined up this quarter than usual, manufacturing, retail, construction,
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  Speaker 2: all looked good. Chris Small is the ABC Business Sales
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  Speaker 2: CEO and news back. Well, this is Chris. Morning to you.
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  Speaker 3: Well in Mikey going very well, indeed, thank you.
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  Speaker 2: How would you describe the vibe generally?
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  Speaker 3: Oh, look, I'd describe a really really positive especially in
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  Speaker 3: comparison to the previous two years we've had. We've we've
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  Speaker 3: had numerous high volumes of business owners coming to see
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  Speaker 3: us who we saw this time last year and said, look,
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  Speaker 3: I'm not gonna I'm not going to take my business
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  Speaker 3: to Mark. My earnings are down, and they're now saying
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  Speaker 3: I've had a pretty strong last two quarters. In its
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  Speaker 3: talk and then even just I was driving down Ponsby
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  Speaker 3: Road about seven o'clock this Tuesday, it was papped. Every
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  Speaker 3: restaurant and bar was busy that time. At this time
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  Speaker 3: last year, it was certainly not the same same sort
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  Speaker 3: of vibe out there. So no, we agree with all
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  Speaker 3: the surveys that have come out. I mean, on top
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  Speaker 3: of a zero survey, there's also Force oak Bar had
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  Speaker 3: a CVO come out yesterday sixteen hundred businesses and one
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  Speaker 3: of the questions was would you invest more or the
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  Speaker 3: same as last year, and eighty five percent said they're
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  Speaker 3: going to invest more all the same as that had
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  Speaker 3: last year. So all in asb I heard your commentary
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  Speaker 3: on ASP that's all positive. Four percent increase in business lending.
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  Speaker 3: So look, everything we're reading and hearing is super positive,
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  Speaker 3: which is great.
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  Speaker 2: That's good. As regards sales, how does that work? So yes,
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  Speaker 2: you're any more things looking good? Do you sell or
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  Speaker 2: do you go? Hang on? I'll hold on for some
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  Speaker 2: good times.
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  Speaker 3: That's great question that they tell us. In the bad times,
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  Speaker 3: they want to sell, but they're not ready to sell,
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  Speaker 3: so they're not going to maximize daruy and then as
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  Speaker 3: soon as they start making money, they oh, this is
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  Speaker 3: this is easy again, so we'll hold on. But a
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  Speaker 3: number of these people are baby boomers and some of
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  Speaker 3: them are nearly seventies and they are ready to go,
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  Speaker 3: so they definitely will be heading the go THEA and
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  Speaker 3: they've just been patiently way like good keyw weis do
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  Speaker 3: to try and maximize abit. Know, homeowners don't want to
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  Speaker 3: sell at the bottom of the cycle, and business owners
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  Speaker 3: are exectuvely the same.
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  Speaker 2: Now, what about the hiring aspect, When do the good
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  Speaker 2: times if you're seeing good times, now, when do they
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  Speaker 2: do you think lead to more hiring, because there's one
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  Speaker 2: thing to make more, but you've got to eventually be
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  Speaker 2: expanding enough to employ people.
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  Speaker 3: Yeah, that's a great question, and unfortunately we've got this
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  Speaker 3: h AI sort of over the top of everything we're
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  Speaker 3: doing at the moment, even in my business where we're
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  Speaker 3: looking at implementing an AI type solution, which lots of
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  Speaker 3: other businesses are, especially in the sort of white collar sector.
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  Speaker 3: So we may see businesses make more money and be
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  Speaker 3: more profitable, but it may not necessarily translate to more
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  Speaker 3: jobs being created because of a pretty big change that's
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  Speaker 3: going to affect especially the white collar service type job.
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  Speaker 3: So yeah, I think in the blue collar and labor market, yep,
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  Speaker 3: we'll see we see it uptick as the infrastructure projects
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  Speaker 3: kick off because robots can't quite dig holes just yet.
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  Speaker 3: But certainly within the white causes. We may we may
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  Speaker 3: actually see high profitability but declining jobs.
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  Speaker 2: Great inside has always Chris good to heavy on the program.
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  Speaker 2: Chris Small ABC business sales CEO. Speaking of which our
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  Speaker 2: old make Kelly Ekhold has come to the party. If
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  Speaker 2: you missed these numbers this morning, estimated GDP for the
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  Speaker 2: last year one point eight. I can't see it. We
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  Speaker 2: haven't got Q four yet from last year. But when
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  Speaker 2: we do, which can't be far away, I can't see
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  Speaker 2: it being much less than what it was in Q three,
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  Speaker 2: which was over one. It will be one or thereabouts anyway.
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  Speaker 2: He thinks one point out for the year. He's picking
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  Speaker 2: three point three this year in election year, if you
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  Speaker 2: can see and feel that the government are home free.
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  Speaker 2: And then he's got two point seven for twenty seven,
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  Speaker 2: and that, by the way, is a significant upgrade. He
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  Speaker 2: sees what Chris sees, what most of us are starting
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  Speaker 2: to see.
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