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Intellectual property, such as patents and copyrights can represent a significant portion of a company’s assets – particularly for highly innovative start-ups. Currently, intangible assets are subject to a legislative “effective life” period which is used to calculate their rate of depreciation. However, these existing provisions which mandate their life span are inflexible and often […]
How do you take $10,000 and turn it into $10 million turnover? Best ask Emily McWaters, the tenacious law school dropout who got her hands dirty, shrugged off the naysayers and – with a helping hand from her sisters – became one of Australia’s most successful e-commerce professionals. In 2003, Emily, then 20-years-old, quit […]
After spending years getting yourself up and running, working on sales and the front end, it’s likely that the back end – accounting practices and accounts receivable – have been somewhat forgotten. With more and more companies defaulting on payments, going into administration and getting wound up by the ATO, now more than ever is the […]
The Dynamic Business team had the pleasure of joining the Canon Collective last night for an immersive, after dark walking tour of Circular Quay as part of Vivid Sydney 2016. Armed with a Canon EOS80D Camera and an EF-S 18-135mm lens, we were treated to an hour-long tutorial on camera basics, including tips for taking […]
As Sydney’s Edwin Onggo can attest, some businesses are born out of sheer frustration. While studying at university, Edwin’s passion for live music was put to the test by a student budget, risk-averse friends and an industry plagued by financial uncertainty. “I was frustrated that I never got to see my favourite acts live,” Edwin […]
How time flies. It has now been 12 years since my baby and all-consuming obsession, Firefly in Neutral Bay, took shape. More than a decade on, Firefly has not only endured but thrived and, in my humble opinion, it’s one of the best bars and restaurants on Sydney’s North Shore. The bar scene can be a cruel mistress. It […]
Friday afternoon drinks – it’s the great Australian ritual that brings workers together so they can celebrate the week’s successes and recover from its trials. But there’s always been one catch: some poor fool has had to go on a bottle shop run. Not anymore… enter Friday Beers. The brainchild of ex-corporates Keegan Sard and […]
Superstar entrepreneur and Virgin Group founder, Sir Richard Branson regaled attendees at last week’s World Business Forum in Sydney with tales from his storied career, including lessons learned. But it was a symbolic act early in the proceedings that seemed to perfectly sum up Branson’s business and life philosophy. Appearing on stage to meet with session facilitator […]
The past, present and future of innovation in the technology sector, including opportunities for startups, were examined by thought leaders at a roundtable hosted by Oracle Australia. The event, held on Tuesday, 10 May at the Altitude Restaurant at Sydney’s Shangi-La Hotel, featured the following speakers: Tim Ebbeck, Regional Managing Director of Oracle Australia – a […]
The end of financial year can be a hectic time, particularly for SME business. With books, budgets and tax time on the mind, it’s easy for business owners to cast recruitment plans aside to focus on other aspects of the business. The truth is that end of financial year extends well beyond inventory and overheads, and is […]
For organisations, the decision to ‘go green’ and actively seek ways to conserve the environment goes beyond the warm, fuzzy feeling of being a good corporate citizen – it also makes good business sense. Just ask Richard Fine, founder of BioPak. Hailing from South Africa, Richard worked in his family’s plastic packaging business for 15 years […]
A collective of retailers, business associations and advocates this week launched Surcharge Free – a national movement urging businesses to end the practice of payment surcharges. This follows the commencement, earlier this year, of the Federal Government’s Competition and Consumer Amendment (Payment Surcharges) Act 2016, which bans excessive credit surcharging. Surcharge Free is spearheaded by […]
Australia’s small business exporters are concerned about accessing finance for their export journey. This isn’t a new concern, but it is one that can be addressed. This article outlines some of the perceptions of, and challenges in, accessing export finance, as well as the ways that Australian small businesses are overcoming this challenge. Access to finance […]
Thinking about starting up a rental business? Running a business that rents equipment rather than selling it has definite advantages. One of the more appealing aspects of renting out equipment is the potential for financial gain. But like most things, along with the positives comes some less desirable factors to consider before deciding to rent […]
It takes a certain level of fearlessness to become the captain of your own ship, quit a six-figure corporate job and set sail for relatively uncharted waters: Australia’s tech sector. Alex Louey did just that, co-founding one of the first mobile-first app developers on the scene: Appscore. Six years on, it’s clear Alex’s voyage has […]
The willingness of small businesses to share a failure can have a powerful effect. I remember this one failure clearly. It was a real punch to the gut. I was standing in the foyer of a building in downtown Melbourne when I received the call. The voice on the other end of the line was […]
Some of Australia’s largest tech firms have united with more than 40 startups to launch TechSydney – a not-for-profit group aimed at transforming Sydney into Australia’s Silicon Valley. According to TechSydney CEO and Spreets founder Dean McEvoy, the group will work to address the Sydney innovation ecosystem’s greatest challenge: collaboration. Despite efforts from major tech […]
For a woman who has built an empire out of hard-to-find goods, her success is easy to see. Erica Stewart is easy going and matter-of-fact about her business journey thus-far. Until 2008, Erica was a national sales manager for a top Australian magazine. She enjoyed her work, but it was the products that came in […]
It seems like everywhere you look now there are ‘experts’ telling you the best thing you can do is ditch your secure job and risk it all to follow your dreams, become an entrepreneur and start your own business. The vision around creating a laptop lifestyle, earning passive income or making millions while sipping cocktails […]
In Australia, there is a clear trend towards the e-Commerce and traditional retail channels merging, but not replacing, one another. Traditional bricks and mortar retailers are finding they need an online presence and many pure play online retailers are now venturing into the physical world. Whereas consumers used to only browse online and purchase in […]
