Export
A new bilateral Wine Agreement and Mutual Recognition Agreement will ensure continued trade flow between Australia and the United Kingdom post-Brexit. The new Wine Agreement replicates an already existing agreement between Australia and the European Union, which means the UK will accept Australian winemaking practices, and labelling and certification standards. Minister for Trade, Tourism and […]
What can derail a businesses’ plans to launch their offering into an overseas market? Global expansion may be every enthusiastic business owner’s dream but is your business truly ready to expand? Cultural, political, social and logistical differences can impact on your product’s success, as well as simple mistakes, such as neglecting to check your trademark, […]
Seeing Machines has gone from strength to strength since 2000, when the business was founded as part of an association with Australian National University. Today it is at the forefront of driver monitoring technology and has more than 200 staff and operations across the world; including the US, the UK, South America, Europe and in […]
For small and medium businesses (SMEs) that want to take on new export opportunities, understanding your business’ working capital position is critical. Working with the right financial partner can be the key to driving your export success. Accountants and financial advisors continue to be a key support channel for SMEs that are looking to build […]
Last year, one of my colleagues built two semi-detached houses, wanting to sell one. His question to me was: How do I sell it to a Chinese buyer? There’s an implied understanding in that question that Chinese buyers will pay a premium to acquire a property. Besides possible higher premiums, the other reason to target […]
With all of the talk about Asia and the hysteria around Donald Trump‘s presidency, it is easy to forget that the United States is still the largest economy in the world with GDP of over US$18 trillion and by far the largest consumer market with retail sales of over US$5 trillion. While its size means the […]
If your business relies on shipping goods into or out of the country, the recent upheaval in the container shipping market would have taken its toll. Trying to forecast company profits and losses while shipping costs are so uncertain can make it difficult for any business owner to keep a tight rein on expenditure. Behind […]
Any inefficiencies within your business can eat away at your bottom line and makes things a lot harder than they should be, which why it makes sense to find some ways to streamline your operation. There are many aspects of your business to evaluate from using an international parcel service to keep control of your […]
Most business owners have their own ideas on the best methods to improve warehouse efficiency. As with any other department or company asset, regular reviews and upgrades can help optimise the performance of your warehouse. High standards of quality and output targets don’t just happen – success requires constant reviewing of each and every process. […]
When you own and operate a small business, you’ll find yourself experiencing many milestones. Purchasing a company car is often one of the significant stepping stones towards future success. The kind of vehicle you require will hinge on the type of business you run – a Ford Focus hatchback would not be particularly useful to […]
Too many Australian businesses are jumping into exporting without fully understanding and researching the risks involved, resulting in business losses and unnecessary expenses. There are a lot of country-specific details that businesses should be aware of before they consider exporting. For example, Turkey, Brazil, Indonesia, and India are currently viewed as high-risk areas because of […]
An increasingly favourable Indonesian investment climate offers growth opportunities for Australian exporters, according to new analysis from Efic. Jokowi’s reform drive buoys Indonesia’s investment climate Indonesia’s investment climate has benefited from 11 wide-ranging reform packages introduced by the government since September 2015. “This renewed reformist zeal has boosted market sentiment and will aid new efforts […]
For some businesses, expanding overseas is considered a vital component to their growth strategy. And it’s not hard to understand why. After all, they’re opening the door to a new [and often much larger] pool of customers and revenue. But if only it were that simple. Sure – the sky is the limit where those […]
It’s an exciting time to be a small business involved in exporting. With the weaker AUD boosting Australia’s international competiveness in many industries outside of mining, and a host of new free trade agreements opening up entry into foreign markets, there are many great opportunities for small and medium-sized enterprises (SMEs) thinking about expanding overseas. […]
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 […]
Just when the Australian dollar is starting to bounce back against the US dollar after dipping last year, the local market is now being hit by the fluctuations in the Chinese economy. This has knock-on effects for Australian businesses. As Australia’s largest trading partner, China’s economic troubles is putting some pressure on the insolvency landscape, […]
Recently, animal rights activists in Australia have been campaigning against the Australian import of Livestock claiming that the industry is not legal and legitimate. They are also claiming the Livestock industry is not meeting animal welfare interests. In February, the livestock industry has responded saying that it is not only legal and legitimate; they are also […]
It’s easy to believe that workplace accidents happen to ‘other people’. The reality is that workplace accidents can, and do, affect a great range of people and the impact on workers, families and businesses can be devastating. Fortunately, credible legal support is available. By utilising the services of a law firm that specialises in worker’s […]
Some businesses rise and fall on the backs of trucks. Whether you’re shipping or receiving products of your own, on behalf of other businesses or need a truck to help you ply your trade (concrete mixers or cranes for example) it pays to get a great deal on truck finance. Here are top 5 tips […]
