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The Morrison government has announced they will back the construction of a gas-fired power station in plans to prevent an energy price spike for employers and households and help rebuild the Australian economy. “Gas is a critical enabler of Australia’s economy,” Prime Minister Scott Morrison said in a statement ahead of Tuesday’s speech. “Our competitive […]
Rebranding can be difficult at the best of times. Companies fear losing recognition, customer retention and brand loyalty. With this in mind, rebranding during a global pandemic, when customers are far and few between? Seemingly impossible. That is what business entrepreneur Rebecca Klodinsky took on when she rebranded her swimwear company Frankii Swim to IIXIIST […]
Start Path – Mastercard’s global start up program – has bolstered 230 fintechs around the world and helped them raise $2 billion in capital. The program boasts an Australian alumni of Airwallex, Money Tree and identitii, and has recently partnered with its first Australian fintech mx51. We chatted with Kallan Hogan, Head of Fintech Australasia […]
Amidst the constantly changing news cycle and rule amendments, it can be hard for SMEs to keep track of their tax obligations. We interviewed Kirsten Fish, Chief Tax Counsel at the ATO (currently Deputy Commissioner Small Business), on the major tax issues facing SMEs during the pandemic and how best to navigate them. What are […]
Environmental, social and governance (ESG) concerns are a rising trend in investment decision-making globally. Between 2016 and 2018, the value of sustainable and responsible investment assets in Europe, the US, Japan, Canada and Australia/New Zealand rose by 34 per cent to $30.7 trillion. This trend has been accelerating the fastest in the United States. More […]
Guest authored by Jason Toshack, General Manager ANZ at Oracle NetSuite So far, 2020 has been a challenging year for many Australian businesses. The Australian Bureau of Statistics (ABS) found that two-thirds of Aussie businesses have reported a decrease in revenue compared to last year. Business leaders have had to adapt fast, including re-thinking how they […]
From working in a fish and chip shop to owning a global award-winning skincare company, these two high school mates are on the fast track to commanding the beauty industry. Entrepreneurs Manny Barbas and James Hachem founded the skincare company Alya Skin in 2018. Since then they have turned over $20 million, selling to 500,000 […]
Increasing the sales of your business is more important now than ever. As Australia declines into the coronacession, businesses are being forced to adapt and pivot their sales strategies to ensure they maximise revenue. Take a look at this week’s Let’s Talk, where industry leaders share their top tips to increase sales. Kylie Gleeson-Long, Managing […]
Melbourne hospitality businesses are banding together to create a service which provides food to their workers who are doing it tough. The COVID-19 Employee Assistance Directive (COVID-19 EAD) was created in the wake of the collapse of the hospitality industry due to the coronavirus pandemic. One of the founding members of the initiative is Iain […]
Qwilr, online proposal and quote software startup, has announced the appointment of Ben Mackie as Head of Engineering. Ben joins from Atlassian where he spent six years leading engineering, platform and technology partnerships for Confluence, Atlassian’s workplace collaboration platform, and scaling product growth and experimentation across the company. Ben is looking forward to moving from […]
Many entrepreneurs secretly dream of one day listing on the Australian Securities Exchange (ASX), but the IPO process is not for the faint-hearted. Brett Kelly shares Kelly+Partners’ journey from privately-owned accounting practice to publicly listed company. Brett Kelly has never been afraid to aim high. When the 22-year-old suddenly found himself unemployed, he approached 34 […]
Less than 5 per cent of the Federal Government’s $40 billion Coronavirus SME guarantee scheme has been taken up by business owners. On 22 March, the Government announced the Coronavirus SME Guarantee Scheme (the Scheme). Under the Scheme, the Government guarantees 50 per cent of loans issued by eligible lenders to SMEs. Loans can be […]
The ABS confirmed Australia’s first recession since 1990 after recording two consecutive quarters of economic decline. After being hammered by the pandemic, bushfires and drought, Australia’s GDP plunged by 7 per cent in the April-June quarter. This follows a 0.3 per cent fall in the previous quarter. The 7 per cent fall is also the […]
Australian startup ACE EV has unveiled their plans for Australian-manufactured electric cars, made from imported flat-pack vehicle kits. From 2019-2020 there was a 40 per cent increase in global sales of electric vehicles. As the electric vehicle market continues to grow Greg McGarvie and his international team from ACE EV have created a flat-pack model […]
Figuring out where to best invest your time and money is a difficult task. As businesses scale, leaders’ daily tasks become more and more unpredictable. When time becomes money, it is imperative that businesses effectively allocate their resources. We explore how business leaders have invested their time and money to generate successful outcomes. Mike Featherstone, […]
Facebook is threatening to ban news from being shared on its platforms in Australia, due to a new regulatory code that would force themselves and Google to pay news publishers for content. The mandatory news code being introduced has been supported by major media companies including Nine Entertainment, News Corp Australia and Guardian Australia, looking […]
The increasing preference for contactless payments during the COVID-19 pandemic might be here to stay. What payment trends are emerging? Mark Hodgson, Head of Product and Services at Samsung Electronics Australia, noted that there has been growing demand for cashless payment options. “Demand for digital wallet solutions and contactless payments have grown strongly this year […]
Despite the global economic slow-down, the shift to online spending and move from traditional forms of credit have boosted Afterpay’s position domestically and internationally. Afterpay announced today that it had doubled its revenue to $519.2 million. This is a 97 per cent increase from the 2019 financial year. Net losses are also down to $22.9 […]
2020 has been a year where the discussion of workplace flexibility has been at the forefront of every company in Australia. With what has been a pretty unpredictable year, it has been difficult for business owners and leaders to create lasting company policy regarding the flexibility of their employees and their workplace culture. There’s a […]
While the small business sector has been hit dramatically by the effects of COVID-19, they may also be our ticket out of economic distress. Small and medium sized businesses employ 4.8 million Australians (44 per cent) and are a major GDP contributor (57 percent). Employment growth in small businesses accounted for approximately 60 per cent […]
