Economy
Amongst Australia’s SME owners, millennials are not only more optimistic about the future, they are also more likely to expand their business in the near future, according to a new whitepaper from NAB. Titled The Moments That Matter: Understanding Australian SMEs, the whitepaper reports on qualitative and quantitative research undertaken by IPSOS on behalf of […]
September 2016 was a mixed month for the Australian economy, and one that brought both incredible milestones and sudden, unexpected troughs. To begin with, the end of the month saw Australia complete its 100th consecutive quarter without a recession, continuing a 25-year growth streak that is the second highest in history. Given that this period […]
The SME community is divided when it comes to confidence in the Turnbull Government to address the relevant issues, according to research from a mid-tier accounting and advisory firm. Bentleys Chartered Accountants undertook a poll of 328 SMEs from across Australia and found that 45% have either low or very low expectations of the Turnbull […]
Small and medium business (SMB) confidence has risen to a five-year high, largely due to an improved economic outlook, according to the latest Sensis Business Index survey. The views of 1,000 SMBS were captured by the Index, which is released by Sensis each quarter. The latest survey found that 60% of SMBS are confident while […]
While a majority of business owners are pleased with the return of the Turnbull Government, only one in four (27%) are confident the SME policies the Coalition brought to the election will pass, according to new research from MYOB. “The latest MYOB SME Snapshot confirmed that many of the policies the government took to […]
The UK’s decision to exit the European Union is causing market instability and while much of the focus has been on the valuation of ASX200 companies, SMEs are on the frontline during this volatile period. SMEs are considerably more likely to have direct exposure to lending conditions, greater dependency on a handful of key clients and, given their smaller size, […]
The current federal government is more popular amongst SMEs than its predecessor but an increasing number of business owners are dissatisfied with the Coalition’s support, according to the latest MYOB Business Monitor The bi-annual national survey of over 1,000 SME operators revealed that since being elected to power in September 2013, the Coalition government has […]
With just nine weeks to go until the federal election, this year’s budget announcement wasn’t the free-for-all that the electorate came accustomed to in budget/election combo in years past. While there were a number of clear losers, small business definitively emerged with a blue ribbon. From July 1 small business will get a tax cut […]
MYOB has rated the Federal Government’s 2016 Budget a 9/10 for its positive impact on Australian Small and Medium sized businesses – saying the initiatives are welcomed but could have gone further and faster. MYOB congratulates the Federal Government on again recognising the power of SMEs in driving the Australian economy especially as it transitions away […]
After a year in which the world economy experienced heightened volatility and global growth slowed, there has been a positive shift in opportunities ahead for SME exporters. Trade is still growing, albeit at a slower pace than before the global financial crisis (GFC). After relatively modest growth of 2.6 per cent last year, Efic expects […]
Yes – the Australian government has recently launched the National Innovation and Science Agenda which aims to cultivate Australia’s newest economic pillar: Technology and Innovation. “Welcome to the Ideas Boom” the homepage boldly and proudly states like a gatekeeper of previously untrodden territory. But are these policy changes (welcome as they are) driving this shift, […]
South Korea is one of Australia’s closest economic and trading partners, and with its high-income economy, there is a strong market for Australia’s high quality goods and services. For Australian SME exporters thinking about entering the South Korean market, it is important to first identify the opportunities for your business and any potential risks. Opportunities […]
It’s said that buying a property is one of the most stressful life events. Further, mortgage lender incompetence, bank and finance problems are in the top 20 most stressful aspects of selling a property. For two people, those frustrations spawned the next big idea to hit the FinTech industry. Mandeep Sodhi, a loyal customer to […]
Today, over 20 small business association leaders are convening at Parliament House to make their case for the adoption of the hotly debated effects test into Australian competition law. Put simply, the effects test, proposed by the Harper competition review, seeks to amend section 46 of the Competition and Consumer Act by targeting business behaviour that […]
Australia’s national peak advocacy group for technology entrepreneurship, StartupAUS, has outlined its Federal policy priorities to improve capital and talent for Australian startups and strengthen economic prosperity. The recommendations were presented to The Hon. Christopher Pyne, Minister for Industry, Innovation and Science last Friday 9th October at a special board meeting. Policy action items recommended […]
A survey of over 1,200 businesses across Australia has revealed that 45 per cent of businesses are more confident under Prime Minister Malcolm Turnbull’s leadership with only 11 per cent reporting to be less confident. The report, produced by local services marketplace ServiceSeeking.com.au represents the largest insight into business confidence and economic sentiment this quarter. […]
If figures from Deloitte are to be believed, Australia’s digital economy is booming – with the advisory firm valuing it at $AUD79 billion. Another report by Chinese networking firm Huawei now ranks the country in 12th position among 50 leading countries, for Internet connectivity and adoption of a digital economy. The digital enterprise within Australia: A […]
According to Australian Made Campaign an increasing number of Australian businesses are registering for certification schemes to demonstrate quality, safety and ethical values. Australian Made Campaign administers and promotes the iconic green-and-gold kangaroo, used by producers and manufacturers to promote their products as genuinely Australian for nearly three decades. Australian Made Campaign Chief Executive, Ian […]
Tech leaders have expressed new found enthusiasm and excitement following Malcolm Turnbull’s appointment to Prime Minister this week. As a founding director of Australia’s first internet company, OzEmail, Mr Turnbull’s credentials and acumen are expected to deliver a boost to tech start ups across Australia. “He understands the challenges we face in regard to tech disruption […]
“We need to have in this country — and we will have now — an economic vision, a leadership that explains the great challenges and opportunities that we face. “Disruption we see driven by technology … is our friend, if we are agile and smart enough to take advantage of it. “There has never been […]
