SME business success has many determinants. Recently read a report from a big 4 accounting firm that listed the Six Key Priorities of Change for SMEs in Australia. These SMEs contribute 1/3rd of GDP, 40% of all business revenues, 25% of all borrowings and 25% of all employees.

These priorities were:

1. Gender Diversity

2. Digital Technology Investment

3. Acquisition Strategy

4. Funding Arrangements

5. Shareholder composition

6. Remuneration and Tenure – Management and Shareholders

This analysis was based on a sample of listed ASX 300+ clients. Wonder if private companies would think some of the above more important than others or rank them differently?