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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, […]
Small business owners and individuals are encouraged to have a say in an online survey aimed at gaining a better understanding of business-related disputes. Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, said they were interested in the steps small businesses took to resolve issues, such as late invoice payments and unfair contract terms. […]
The Fair Work Commission today delivered its annual wage review – the highest percentage we’ve seen since 2011. This decision will have a significant impact on all businesses and industries and over 2.3 million employees who are paid at the National Minimum Wage or minimum Modern Award rates. From the first full pay period commencing on or after […]
Anneke van den Broek, founder and CEO of Australia’s most awarded pet care brand Rufus & Coco, started her entrepreneurial journey at just six years of age, breeding mice and selling them to the local pet shop for 40c each. This entrepreneurial spirit and an unwavering belief that she could achieve anything she set her […]
KEY FACTS Single Touch Payroll (STP) When: 1 July 2018 By: Australian Taxation Office For: Employers with 20 or more employees *The STP will apply to employers with 19 or less employees from 1 July 2019 – subject to parliament Time is well and truly ticking as the countdown begins for larger businesses in Australia […]
When your business has lost its competitive edge, it’s time to take a long, hard look at your product, credibility, and most importantly – what your customers think and want. Taking the first step to reflect on your business and make necessary changes can be quite confronting for some business owners, but according to Michael […]
Corporate lawyer Alyce Tran had a dream to make an extra $50,000 from her fashion blog, The Daily Edited, which she co-founded with her friend Tania Liu. After an unsuccessful attempt to launch an online clothing line, the pair introduced their personalised accessories business, which today turns over more than $15 million a year – […]
Do we always know when companies collect personal information about us? When we choose to provide personal information, do we know how it will be used and stored? Often we do not. The scale of the problem of improper data collection was illustrated by recent revelations that Cambridge Analytica, a research and marketing firm, likely […]
Online purchases continue to grow with more Australians shopping online than ever before. New research from Australia Post indicates total purchases topping $21.3 billion for the first time, a 18.7% increase compared with 2016 with local retailers accounting for more than 80% of the total spend. Australia Post today released its annual Inside Australian Online […]
In a perfect world, suppliers would prefer to be paid cash up front. However, in reality, the world works on credit. Trade credit is inevitable and so is the debt that comes with it. For most businesses, trade credit is essential for growth as businesses don’t have to pay suppliers on the spot but rather with […]
Sydney based startup, Seaquatix, proves that entrepreneurial inspiration can strike anywhere, anytime – even while snorkeling off the coast of Asia. Seaquatix is the brainchild of founders Aprille Lim and Max Mabeka who have developed waterproof cases for phones and valuables using thermoplastic polyurethane (TPU) technology and a patented lock system. “Max and I were […]
Thinking about starting a business? Well before you take the plunge, ensure you have a plan and understand your finance options. In this week’s Let’s Talk we ask financial experts about the finance traps and pitfalls of starting a business, such as putting your home up as security, over-estimating revenue, forgoing insurance and borrowing money you […]
The ACCC is warning investors to be wary of scammers after its 9thannual ‘Targeting scams report’ revealed that Investment scams had increased by more than 8 per cent, costing Australians $64 million in 2017. This week marks Scams Awareness Week 2018 and ACCC Deputy Chair Delia Rickard warns that ‘some scams are becoming very sophisticated […]
Security Colony was one of six cybersecurity companies selected by Austrade & AustCyber to take part in the Federal Government’s Landing Pad program in San Francisco. In this exclusive series for Dynamic Business, Nick Ellsmore, co-founder of Security Colony shares his journey as he builds his second business (the first sold to BAE Systems) and introduces […]
MYOB has teamed up with BPAY to offer a new invoice payment method, which was rolled out to MYOB customers last week (May 15), allowing businesses to get paid up to four times faster. MYOB Head of Product Marketing, Kim Owen-Jones said that giving customers the choice of BPAY as a payment method would provide […]
An integrated cloud-based business platform will revolutionise and simplify accounting, payroll, banking and daily operations for Australian small and medium businesses from July 2018. Combining the business expertise and software development teams of KPMG Australia (business advisory), CBA (banking) and Microsoft (technology platforms), Wiise is targeting SMEs that see themselves as having more complex needs […]
As a business owner, you have many demands on your time. Chances are that you will have to worry about sales, costs, staff, regulations, cash-flow and customer satisfaction, to name but a few. This means that checking utility bills and comparing energy plans may not be at the top of your to-do list. But what […]
The long-term solution to women being underrepresented in Science, Technology, Engineering and Mathematics (STEM) lies in fostering gender equality in the classroom, according to Sarah Moran, co-founder and CEO of social impact business Girl Geek Academy. The Melbourne-based marketer, unapologetic geek and “Let’s Talk…” contributor spoke to Dynamic Business about the barriers women face […]
Since the inception of the World Wide Web in 1991, technology, business and daily life has changed significantly. Who would have thought that billions of people across the globe would conduct business from the palm of their hand? And with technology rapidly advancing and more and more people seeking flexible work arrangements, it’s no wonder […]
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 […]
