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## Australian Small Business and Family Enterprise Ombudsman Bruce Billson

### Speech to COSBOA National Small Business Summit

#### Acknowledging the Organising Committee

Australian Small Business and Family Enterprise Ombudsman Bruce Billson delivered a powerful speech at the COSBOA National Small Business Summit, where he particularly acknowledged the efforts of Matthew (Addison), Luke (Achterstraat), and Liz (Skirving) as part of the organising committee. He commended COSBOA for putting together a fantastic summit that focused on the challenges facing the small business community in Australia.

#### Challenges Faced by Small Businesses

Billson highlighted the numerous challenges that small businesses face, from constant consultations on new regulations to the burden of compliance activities. The multitude of new measures and impositions adds complexity and can be overwhelming for business owners who are already juggling various tasks to keep their businesses afloat.

#### Perpetual Optimism and Business Realities

Despite the challenges, Billson praised the perpetual optimism of enterprising men and women in the country. However, he also delved into some hard-hitting statistics that shed light on the harsh realities faced by small business owners. For example, the average age of a business owner has increased, profitability remains a struggle for many, and the economy is shifting towards favoring larger, well-resourced corporations over smaller businesses.

#### Role of AI legalese decoder

In addressing the complexity and overwhelming nature of new impositions and regulations, the AI legalese decoder can play a crucial role. By utilizing AI technology, business owners can simplify and decode legal language to understand their compliance requirements better. This tool can help small businesses navigate the legal landscape more effectively, ensuring they stay compliant and avoid potential pitfalls.

#### Enabling Innovation and Empowering Future Generations

Billson emphasized the need to inspire and enable the next generation of entrepreneurs. He encouraged fostering an environment where business ideas can thrive, entrepreneurial urges can be nurtured, and innovations can be driven. The AI legalese decoder can aid in this process by providing clarity on legal requirements and empowering aspiring business owners to take the leap into entrepreneurship.

#### Shifting the Conversation and Advocacy Efforts

Billson called for a shift in the conversation towards maximizing support for small and family businesses rather than just mitigating challenges. He advocated for better workplace relations, simplified regulatory frameworks, and incentives for digitization and innovation. The AI legalese decoder can assist in advocating for clearer regulations, streamlined compliance processes, and accessible legal resources for small business owners.

#### Conclusion: Energizing Enterprise

Billson’s speech underscores the importance of energizing enterprise and creating an environment where small businesses can thrive. By leveraging tools like the AI legalese decoder and advocating for tailored support for small businesses, stakeholders can work towards building a more conducive ecosystem for entrepreneurship and economic growth.

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