The Reserve Bank has raised the cash rate for the third consecutive month. The rise of 25 basis points takes the rate to 3.75 percent, effective from tomorrow. In a statement, RBA governor Glenn Stevens said they decided to raise the rates because the downturn has been “relatively mild, and measures of confidence and business […]
In an close finish, Tony Abbott has been elected leader of the Liberal Party after a 42 to 41 vote, defeating former leader Malcolm Turnbull. MP Fran Bailey was unable to vote due to medical advice preventing her from travelling to Canberra, and party rules disallowing a proxy. This morning the party voted in favour […]
You’ve embraced corporate social responsibility and the ecological movement, but how does that translate through your international dealings? Here’s a global view of ethical business.
Even small towns have chambers of commerce, but what exactly do these organisations do and how can they assist your business?
Making an employee redundant is never a happy prospect but you must also be able to prove that the process has been lawful.
Attending events and swapping business cards is one thing but making real connections is another. After an event, stay relevant by sending a follow-up email to the people you met. Even if you don’t think they are a potential client or customer, they may pass on connections that are. Remind them who you are and […]
Your business may not be able to grow any further, but your brand has no limits if you decide to franchise. There are many financial advantages of becoming a franchise, including earning revenue separate from the capacity of just one business. Franchises also allow you to work on your business and take a big picture […]
Hiring employees to meet your present needs is one thing, but aligning recruitment with your future business goals is a strategy that may change the way you evaluate potential employees. Employees must, of course, meet your business’ current requirements, but if they do not have the capacity to evolve with your business alongside your projected […]
Leasing business equipment – from cars and computers to furniture – may seem poor value for money, but for businesses without the funds to invest in equipment, leasing is a good way to forget depreciation calculations because the entire lease amount is deducted for tax purposes. However, if you plan to make a long-term investment […]
Staff not performing? The key to keeping on the right side of unfair dismissal laws is to write performance clauses into employment contracts and have them checked over by a legal expert to give weight against any unfair dismissal claim. Performance indicators must be those elements of an employee’s role wholly and directly controlled by […]
