Featured
As a small business owner, you don’t always have the backup of formal social supports offered by larger employers. When things get tough there’s no manager, human resources department or Employment Assistance Program to access, so the onus is on you to be proactive about setting up your own support network. Don’t underestimate the impact […]
2020 was a year of unprecedented challenge for business owners. Almost overnight, businesses of all sizes were scrambling to find new customers and devise innovative ways to sell to existing customers. Uncertainty and fear abounded, but so too did resilience and ingenuity. At both a state and federal level, the Australian government acted quickly and […]
It is common for people working in business to be concerned with or stressed about their business finances at some point. Unpredictable income, cash flow and delayed payments are common experiences for people working in small business and these can put you at increased risk of poor mental and physical health and family conflict. It […]
The customer is always right is an adage that has been driving the way we do business for years. While the concept of customer experience (CX) has evolved, business processes have not. Today, the smartest organisations are creating competitive advantage by placing customer wants first and managing their customer experience from start to finish. In the […]
As COVID-19 wreaked havoc nationally and demand for safety equipment grew, Victoria’s regional medical device manufacturer Care Essentials pivoted its focus to produce a range of PPE products, surgical face masks and N95 respirators. “Our decision to explore making PPE masks came because we kept receiving calls from hospitals, federal and state departments asking if […]
NSW Premier Gladys Berejiklian has announced a further tightening of COVID-19 restrictions for NYE as 18 new community transmissions are detected overnight. Greater Sydney, Wollongong, Central Coast and Blue Mountains households will now only be allowed to have 5 visitors (including children) and outdoor gatherings will be limited to 30 people. The southern section of […]
Data from cryptocurrency trading simulator Crypto Parrot has found that cryptocurrency traders on Bitfinex and BitMEX lost $US13.47 billion in 2020. The data found that $US9.26 billion of long positions and $US4.21 billion of short positions were liquidated over 2020. Crypto shorting is a bet that the price of a certain crypto asset will fall, […]
The US House of Representatives has approved increasing COVID-19 stimulus checks from $US600 to $US2,000, however it is still uncertain whether these changes will pass a Republican-controlled Senate. The bill passed the House with a sweeping majority of 275-134, with 44 Republicans joining Democrats. However Senate Majority Leader Mitch McConnell has refused to say how […]
Quitting your job and following your passion is more common on theatre screens than in real life, however it’s exactly what happened with the fruit-picking robotics company Ripe Robotics. “I am a massive risk taker so I was quite happy to quit my job and put all my money into this,” said Hunter Jay, founder […]
Who could have predicted 2020? Many of the resolutions that you may have made in your business likely got swept aside in the chaos of the pandemic. As the world starts to emerge and economies recover, what are the 2021 resolutions you can make that will put your business in a strong position for the […]
While 2020 packed a punch that not many people were expecting, impending vaccines and a rebounding economy offer a glimmer of optimism for business in 2021. However improved economic conditions also mean a reduction in government safety nets like JobKeeper and cash flow boost. Properly managing cash flow in 2021 will be a precarious and […]
Many small business owners work long hours and can often be on their own. Having people around them to check in on how they are doing can make all the difference. Have you noticed changes in someone’s behaviour recently? Has a business owner you know been doing it tough financially, been impacted by a weather […]
On Monday, the parliamentary joint committee on corporations and financial services suggested that temporary amendments to continuous disclosure laws in 2020 be made permanent. The committee tabled their final report on Monday, releasing 31 recommendations to improve the litigation funding industry. The inquiry was referred to the committee on 13 May 2020 to investigate the […]
A ban on mass gatherings that forced the postponement of Australia’s premier car festival – Summernats – hasn’t stalled the event’s rise in popularity in the USA, thanks to a gaming app that has been downloaded more than 1.5 million times. In a normal year, Summernats attracts 100,000 car lovers and injects $30 million into […]
This year, COVID-19 and social justice took out the top spots in Twitter’s most tweeted topics in Australia. For the first time in years, #COVID19 edged out #auspol as the most tweeted hashtag in Australia. #COVID19, and variations of it, was tweeted nearly 400 million times worldwide. Angus Keene, Head of Client Partnerships at Twitter […]
Despite lockdown measures in the Northern Beaches and restrictions across Greater Sydney, Sydney residents must all adopt greater precautionary measures or risk a Christmas lockdown, says emergency response expert Dr Ian Norton. As of 11am Monday 21 December, there are now 83 cases linked to the Northern Beaches cluster. Residents in the Northern Beaches are […]
“Learning is critical for everyone’s success.” “Today, we are living in a world of continual change that we’ve never experienced before. Some industries are putting an end to jobs, and new ones are popping up. And so, the need to reskill, upskill and gain new knowledge is not a once in a lifetime activity, it’s […]
When providing support to team members who are doing it tough, it’s vital to take care of yourself too. The quality of care you can offer is dependent on your own mental health and wellbeing. When a friend, family member or business colleague experiences a period of mental ill-health, your positive support and care can […]
Companies who want to expand their footprint in NSW can now access the $250 million Jobs Plus Program. The Program is designed to reduce the cost of establishment and financial risk and increase speed to market. It will create or support up to 25,000 jobs up until 30 June 2022. What is involved The Program […]
Last week, as part of the Australian Government’s ongoing response to the pandemic-induced economic crisis, the Senate passed reforms to insolvency arrangements for small businesses with liabilities less than $1 million. From 1 January 2021, these businesses will be able to avail themselves of: A new debtor-in-possession, debt-restructuring process to improve the prospects of business […]
