Loren Webb
Insolvency inquiry to help small business
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has today announced an inquiry into the insolvency system, to investigate if current insolvency practices achieve the best possible outcome for small and family businesses in financial trouble. This inquiry into insolvency aims to help more Australian businesses survive when they go into administration as […]
Startup success at risk due to founder wellbeing: KPMG Report
A report by KPMG High Growth Ventures – Fitness, Fulfilment and Foresight – has shown that startup founders are putting their business performance at risk due to a lack of prioritisation over their health and wellbeing. This is despite recognising that their personal performance directly impacts their startup. Only 1 in 5 founders is satisfied […]
Marketing expert and business founder Laura Craig’s tips for small business
In this latest episode of the Dynamic Business Podcast, we speak with marketing expert Laura Craig. Laura founded her own company, Vivo Marketing, three years ago. We found out more about the journey of building up her business and her decision to sell 50% of Vivo Marketing to a larger organisation recently. In the interview, […]
Let’s talk: HR
When on the hunt for a new team member, is it better to look for someone to fit the team environment or to chose the best person suited for the role? It goes without saying that a candidate that ticks both of those boxes would be the ideal option, however usually there is a compromise […]
Top10 Dynamic Entrepreneurs nominations close this week
The Top10 Dynamic Entrepreneurs are the annual awards that Dynamic Business hosts each year to celebrate Australia’s leading entrepreneurs in the start-up and small business space. Recognising the brightest talents in the industry, we aim to give the not-so-well-known entrepreneurs a name in our Dynamic Business SME community. Nominations close this Friday, 11th October. If you believe […]
From the Bondi Farmers Markets to Shark Tank: SOFI Spritz now kicks off equity crowdfunding
Shark Tank success story SOFI Spritz is inviting everyday Aussies to invest and own a stake in the homegrown alcohol startup for as little as $250. Kicking off its first equity crowdfunding campaign with Equitise, SOFI Spritz is looking to raise up to $1 million and is on track to serve over 2 million cocktails […]
“Non-property owners appear to be at a distinct disadvantage in small business”: Research from ebroker
ebroker.com.au, the fintech matching platform that works with over 70 non-bank lenders, has released a series of statistics revealing insights into Australian small business lending habits. The insights are taken from a sample of just over 10,000 unique businesses using ebroker.com.au over the last 12 months, through to the end of June 2019. Urgent loans […]
“Big companies are actually coming to us saying ‘We’ve got a people problem'”
Melbourne-based co-working property CreativeCubes.Co, has cemented itself as one of the key players within the coworking sphere, already taking ownership of several prime locations in the city, including Richmond, Hawthorn, and soon to be launching in South Melbourne. Tovi Skovron is the entrepreneur behind the brand, and is currently also CEO. Inspired by his experiences overseas on his […]
Lending to small business crucial to economic growth: Ombudsman
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, agrees with RBA Governor Philip Lowe's view that small business needs support from our financial institutions. "In cutting the official cash rate to an all-time-low of 0.75%, RBA Governor Philip Lowe made several pertinent observations about the credit squeeze affecting the Australian small business sector […]
How investing in AI has helped SEEK increase site usage and applications
SEEK's ongoing investment into artificial intelligence (AI) and technology development is helping transform the job search experience for candidates and hirers. SEEK’s 'Smarter Search' has enhanced candidate and hirer experience in navigating the job search and talent sourcing process on the platform, which receives over 50 searches per second and 58 million impressions per day. […]
Nearly half of small business employees have problems with their pay
Recent Xero research has revealed that payday problems are widespread across Australia. 29 percent of small business employees have been paid late 43 percent of Australian workers have had mistakes in their pay, increasing to 49 percent for small business employees 45 percent have missed paying bills and mortgage repayments as a result of being paid late […]
Let’s talk: Ecommerce
Considering the digital age that we live in, in today's Let's Talk we ask: Can a business survive without an online offering? We wanted to ask industry leaders whether they thought that it's really possible for a business in 2019 to survive long-term without some form of ecommerce. We, of course, understand the importance of […]
Dimmi founder Stevan Premutico on choosing his next startup idea – that’s already taken off
In this Dynamic Business podcast episode, we speak to Stevan Premutico about the struggles of a startup journey, his learnings in founding and growing Dimmi and his new venture me&u (including why he chose to pursue it, instead of his other 33 ideas!) Stevan is one of Australia’s leading tech entrepreneurs. In 2007, in the […]
RBA cuts cash rate to new record low 0.75%
The Reserve Bank of Australia has cut the cash rate to a new record low of 0.75 per cent, reducing the cost of borrowing for the third time in five months. The market had largely priced in Tuesday's 0.25 percentage point cut, despite lingering doubts over whether the move will deliver the desired lift in […]
“What was a popularity contest becomes an opening for meaningful engagement,” Facebook removes likes
Facebook users will no longer be able to see the number of likes, reactions and video views on other’s posts in a world-first trial. Similar to Instagram’s test that was rolled out in July this year, where the platform removed likes, Facebook is following suit. All likes on posts will now be private and only visible […]
Startup DiviPay raises $2.3m to bring their SME expenses solution to market
Australian startup DiviPay has secured $2.3m in its Series A capital raise after launching less than year ago. ANZi, the corporate venture capital arm of ANZ Bank led the investment round which included Seed Space Ventures and former Pepper Money CEO, Patrick Tuttle. DiviPay enables small business owners to allocate specific amounts to employees for […]
The big mistakes small businesses are making right now: Interview with Trent Innes, Xero MD
Dynamic Business attended Xerocon in Brisbane earlier in the month, and spoke with Trent Innes, Managing Director of Xero Australia about the problems small businesses are facing right now. Xero regularly release small business data insights that shed light on the SME community and the real-time issues. We wanted to ask first-hand what's happening on […]
Significant decline in SMEs naming accountants as their most trusted advisor
Accountants are losing ground when it comes to SMEs nominating their most trusted business advisor, according to a national survey of more than 1000 Australian businesses. The September 2019 SME Growth Index found that only one in 20 business owners named their accountant as their most trusted business advisor. In 2017 when the question was […]
Camplify: How a startup can benefit from an accelerator (Series, part 3 of 4)
In a four-part series, Dynamic Business talks to The Sharing Hub’s startup community about their businesses and their story with using an accelerator programme. In part 3 of the 4 part series, we speak to Justin Hales, Founder and CEO, Camplify. Camplify is a platform that provides holidaymakers with hundreds of options to experience the camping […]
90% of businesses say employee legislation is confusing or contradictory
New research from the Australian Payroll Association has found that more than 9 in 10 organisations find government legislation or employee awards difficult to interpret, with most agreeing that many of these clauses need to be revised or made simpler. The finding was derived from a survey of 520 payroll managers across a mix of large […]
National cash-flow crisis for small businesses
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell says fresh data reveals the extent of the cash flow crisis for small and medium-sized businesses in Australia. The latest SME Growth Index has found one in five SMEs are experiencing cash flow problems due to business loans being rejected. According to the data, the […]
Turning $2,500 into $100m in 5 years; Karl Brown’s solar startup story
Karl Brown has taken his $2,500 startup to $100 million in sales within just five years of trading. As CEO and founder of Instyle Solar, which is now Queensland’s leading solar company, Karl has recently won Brisbane's 'Young Entrepreneur of the Year' award and has been nominated for CEO Magazine's 'CEO of the Year.' As the solar industry has cashed in […]
Vegan demand ensures fast-food chain Lord of the Fries continues to grow
Veganism is on the rise… and it’s a big business. It’s not just vegan companies such as Impossible Foods and Beyond Meat (recently listed on NASDAQ) which are servicing the growing demand. Fast food heavyweights such as McDonald’s, KFC, Burger King and Hungry Jacks have also weighed in, launching or planning to launch specific vegan menu […]
Why setting long-term goals is essential for business and life success
Most business owners are familiar with the process of setting goals. However, there is a difference between short-term goals that keep a business ticking over and the kind of long-term goals that can see a business owner genuinely achieve their dreams. Some business owners prefer to stick to shorter-term goals because they believe it’s more […]