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Business owners can be cautious thinkers, looking out for every possible roadblock their business may encounter. It is a both a blessing and a curse, as there are situations when it can serve a business owner well and other times, being ultra conservative can be a hindrance. Being over cautious is often the case when it comes […]
Daniel Hakim feels fortunate to have had a wealth of opportunities and experiences through a personal network of family and friends. He understands how enriching it is for any professional to be surrounded by the right support, knowledge and resources to accomplish their ambitions. From here came his simple, yet unique idea for Cub Network. […]
Location, location, location. While once the buzzword for retailers, today traditional bricks and mortar retailers face increasing pressure from online businesses. Fuelled by consumers reliance on smartphones, tablets and social media, consumers buying and research habits have been driven online with e-commerce sales expected to top $10 billion in Australia in 2015. Retailers, like their […]
The benefits of collaboration within the enterprise are almost limitless. According to a 2014 Deloitte report commissioned by Google Australia, businesses with collaboration at their core are worth an estimated A$46 billion per year to the Australian economy. Moreover, the study also uncovered the massive potential for companies to inject an additional A$9.3 billion in […]
New security breaches are uncovered almost daily – any one of which can jeopardise your company, place your intellectual property at risk, and cause damage to your company’s bottom line and reputation. Cyber criminals are increasingly aggressive, well-funded and persistent, and these days, no company can ever be completely safe from the most determined attackers. […]
Equipped with the company laptop, wifi dongle and remote network access – working from home (WFH) was once considered a special arrangement of convenience or necessity. Now, we are no longer at the mercy of the IT department’s bureaucracy with a handful of accessible technologies we treat as a given. Comprised of home wifi, laptops, […]
“You must spend money to make money”, said Titus Plautus, a Roman playwright from the BC era. This quote that has stood the test of time probably rings truer to those marketing their products or services. For startups trying to grow their business, this is a paradoxical situation. While technology and social media has enabled […]
From and early age, Greg Moshal has always been involved in small business. With his beginnings in a family venture to owning his own, the struggles of obtaining finance to start and grow a business became an all too familiar story. Speaking of his own experience starting and running a business, Greg told Dynamic Business […]
The majority of small to medium sized businesses (SMEs) are not sale ready to take advantage of maximising the sale price when they sell. Approximately 50 per cent of businesses that have sought advice are not in a position to do so. In 2014 middle market mergers and acquisitions increased by 21 per cent according […]
Caught in a common predicament, many of us find themselves motivated by the idea of pursuing a business opportunity but quickly recoil with apprehension. A perceived lack of knowledge, experience, or fears of deviating from a career trajectory are just a few of the things holding us back. The ‘ball and chain’ of entrepreneurialism perhaps. […]
Small businesses are the heart of the Australian economy, but how do they compete with the big end of town? The big end of town is big businesses that have been successful for a reason and have learnt not only from peers, but also their mistakes. To rise amongst the over two million businesses operating […]
The Role of Technology in Business Business technology used to be simple in its infrastructure, yet required high levels of maintenance. For example, a fax machine answered only one particular need, was costly to maintain and required physical archiving. As such, IT was never critical to business operations but was a cog to keep the […]
As cloud computing gains in popularity seemingly every day, it’s our natural tendency to look toward the future for where the technology might be headed. The growth of the cloud has largely been due to the benefits it provides as well as the relative ease with which organisations are able to implement it. It’s clear […]
“Please place item in the bagging area” – you place the item – the command repeats. You lift and replace the item – “please place item in the bagging area” – you turn for help and there’s no one there. “We regret to advise that your imminent flight has been cancelled [therefore ruining your long […]
Let’s be honest; nobody likes to put more effort into something, when he can have same results with less. This state of proceeding with something with little difficulty, we know as convenience, is therefore something that is instantly appealing to the widest amount of people, which could be otherwise divided by the myriad of other […]
Successful entrepreneurs have lots of things in spades – great ideas, the passion to bring them to life and the guts to turn them into a business. But budgets are tight in the startup world and an entrepreneur also needs to be great at managing them. Couple this skill with the right mix of work […]
Have you noticed yourself feeling more anxious, exhausted, susceptible to mood swings, or unable to sleep at night? If any of these symptoms sound familiar, you may be a small business owner on the brink of burnout. According to a 2011 Australian Bureau of Statistics report, managers are the occupation group most likely to experience […]
Launching your brand internationally is a growth strategy that follows from success. But success in one market shouldn’t be construed as a right of passage to success in another. The failure of Starbucks in their attempt to import an Americanised version of ‘coffee culture’ into Australia, a country already au fait with it’s coffee habits, […]
Organisations often view their workforce as an amalgamation of highly talented individuals bringing their own unique skills and experience to the table. Indeed, the strength of a team has traditionally been built upon the knowledge of individual members, who have all come together as a collective. As such when interviewing potential candidates, organisations tend to […]
Building customer loyalty can be a challenge when getting a new business off the ground. The secret is to get to know your customers, find a way to relate to them and exceed their expectations at every turn. This will create positive word-of-mouth, and bring in more business for you. Here are some tips to […]
