Author at Dynamic Business
Jirsch Sutherland, national insolvency and business recovery firm, has warned company owners and directors to understand the risk of using debit loan accounts. This comes after noticing an increase in bankruptcies as a direct result of director loans. “Used wisely, director loans can be useful,” said Stewart Free, Jirsch Sutherland Partner. “However, there are some circumstances where […]
Some of the biggest businesses in Australia will trial a series of eight principles around artificial intelligence, developed as part of the Morrison Government’s AI Ethics Framework. NAB, Commonwealth Bank, Telstra, Microsoft and Flamingo AI have signed up to test the principles to ensure they deliver practical benefits and translate into real world solutions. Minister […]
With predictions of a November rate cut having all-but evaporated, the question now seems to be when the Reserve Bank might resume its cash rate reductions. The Reserve Bank is widely expected by economists to leave the cash rate unchanged at Tuesday’s monthly board meeting but yet more gloomy economic data has reinforced an impression […]
A series of recent business failures highlight a skills gap that is widespread in business. The Royal Commissions into banking, aged care and disability; the celebrity chef wages scandal; and this month’s liquidation of domestic violence charity White Ribbon Australia are just some of the cases that highlight a flaw that is now common and […]
A revitalised property market and record-low interest rates mean businesses should be able to find affordable financing, but only if they negotiate effectively with lenders, a Melbourne lawyer has said. Rigby Cooke Special Counsel Daryl Lim said since most loan agreements are generally heavily one-sided in favour of a lender, it is extremely important when […]
The Victorian Small Business Commission’s (VSBC) Annual Report 2019 reveals a record 2,074 small businesses sought help in resolving their business disputes. The main issues causing disputes were: 1. Retail leases 2. Money that wasn’t paid 3. Understanding rights and responsibilities when it comes to contracts 4. The quality of goods and services 5. Goods […]
The Retail Innovation Program will return in 2020, developed by early-stage investment firm Investible in partnership with the City of Sydney, with an expanded program and capacity to support more local retailers. Designed to help future-proof Australia’s retail sector, the intensive 12-week accelerator will provide business owners the opportunity to innovate, scale and grow – […]
Over the past few years Emotional Intelligence (EQ) has become a hot topic, particularly in the workplace. Hard skills alone aren’t enough to create strong leaders, with research showing that those with a high EQ are more self-aware, motivated and empathetic – crucial traits for successful management. “The importance of EQ in management is becoming […]
Managers need to be prepared for the extra work and responsibilities that accompany growing business, and put into place the right strategies and mindset to facilitate positive and successful growth, according to SAP Concur. Fabian Calle, General Manager, SMB and Nationals, ANZ, SAP Concur, said, “SMBs looking to expand need the right tools, plans, and […]
Applications for the Chivas Venture 2020 are now open – enter before 31st October 2019 for your chance to win a share of $1M Leading blended Scotch whisky, Chivas, has announced the launch of the 6th year of the Chivas Venture – a global competition that gives away $1 million in no-strings funding every year […]
