Make no mistake, running a small business is tough. From the business owners who wake up well before dawn to open their stores, to those that burn the midnight oil long after the kids have gone to bed. Australia’s 2.3 million SME business owners work longer hours, take less leave and suffer from more stress than the average worker. It takes courage, sweat and tears to start and run a business.
One of the biggest contributors to this lack of work/life balance is the unexpected time that business owners spend on financial admin tasks that take up their day, or keep them up at night. Even though good financial management is cited by business owners as the number one factor in running a successful business, most business owners struggle to carve out the time required to do it properly.
We established Thrive in 2020 to help Aussie business owners solve this major problem and to unleash the power of good finances. Our integrated business banking, accounting, tax and lending solution acts as the financial operating system of a business. In doing so, Thrive automates and simplifies the bulk of financial admin tasks for SMEs, saving time, increasing productivity, improving accuracy and helping SMEs grow and succeed through smarter access to capital.