The average age of small business owners in Australia has been increasing over the years.

The most common age of small business owners across Australia is now 50 years old, compared to 45 years old in 2006. 

In the 1980s, there were actually twice as many small business owners aged between 30 and 49 as there were over 50. However, the proportion of younger entrepreneurs has been shrinking, with only 8% of small business owners now aged under 30. 

Some sectors have an even older demographic, with two-thirds of small businesses in agriculture, forestry and fishing owned by people over the age of 50. Over 50% of small business owners are aged 50 or over in manufacturing, retail, finance, real estate, wholesale trade, utilities and waste services. 

Compared to other Asia-Pacific markets, Australia has a significantly higher proportion of small business owners over the age of 50, at 46.8%, more than double the regional average. 

In summary, the average age of small business owners in Australia has been steadily increasing, with the most common age now 50 years old, up from 45 in 2006, and a declining proportion of younger entrepreneurs entering the small business sector.

Struggling to stay on top of ever-evolving technology and AI advancements? Let Organic Crawl Digital Marketing services take the reins for you. Reach out to Josh today - he's on the pulse and up-to-date.