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Small to medium business owners are diligent when it comes to meeting their superannuation obligations to staff but growing their personal super is ‘not top of mind’, according to Tim Reed, CEO of cloud accounting provider MYOB. He told Dynamic Business that government and big business must play a role in eliminating barriers to owners making super contributions. […]
By supporting the local start-up ecosystem, angel investors not only stem brain drain but keep IP in Australia. According to Trevor Folsom, co-founder of Sydney-based start-up generator Investible, problems arise when investors are seduced by opportunities that see them invest ‘too heavily and too early”. This month, Investible launched First Angel, a 12-month educational program […]
With the emergence of a range of new funding sources for small and medium sized businesses, it’s crucial to understand what your company’s debt funding options are and the most competitive interest rate you will be able to obtain. The following sets out the broad categories of the different funding options for businesses and the […]
Judd Armstrong almost quit the entrepreneurial game when he ‘maxed out’ a credit card starting his first business – but a ‘kick in the pants’ put the Queensland native back on course. While that business survived to make a USD$2m dollar profit, Judd’s follow-up venture, Jaybird, has made waves globally. In April, this year, he sold the […]
In today’s increasingly fast-paced and interconnected world of business, it has become necessary for SMBs to have a website. But without the right tools and knowledge, your website is likely to be a wasted investment – and worse, it could harm business. On the other hand, a well-designed website that aligns with your brand, and offers visitors fresh and relevant content, […]
Running a small business can be an empowering experience, but also an unpredictable one. You have to work incredibly hard to make sure new business is walking through the door, but inevitably, you’re going to run into slower periods. Unfortunately, these are out of your control. Seasonality affects all businesses. (There’s a reason why unemployment […]
Since launching six years ago, Sydney-based IT service provider Insentra has seen its workforce balloon from five to 60 team members across Australia, New Zealand, London and Scotland. According to founder and managing director Ronnie Altit, the SME has earned a reputation among current and former employees for being a company ‘you never want to leave’ and […]
There’s no doubting that Influencer marketing presents a huge opportunity for businesses. With 96% of us trusting people over brands, Influencer marketing has the power to leverage word of mouth marketing at scale and sway the consumer decision process. But with such power also comes a high level of responsibility for the consumer. As Influencer […]
Since launching in 2012, online marketplace MyDeal.com.au has enjoyed 150% growth year on year. 2015 was particularly fruitful for the ecommerce start-up – it grew 338% and was named Australia’s 9th fastest growing technology company by Deloitte. The company estimates it will have generated more than $30 million in sales by the end of the calendar year. What’s […]
Entrepreneurialism is its own class of business, even being studied as a distinct subject. It’s no surprise then that entrepreneurialism comes with its own unique challenges, which requires a different mindset and approach than other business areas. In my experience, having founded and lead multiple businesses in the last decade and now working with entrepreneurs, […]
In the space of 21 months, business partners Nik Mirkovic and Alex Tomic have transformed their DIY teeth whitening product into a multi-million dollar ecommerce business with a global customer base. The success of HiSmile, which launched in December 2014, is attention-grabbing for a number of reasons. For one, success was achieved in the absence […]
Innovation and sport are two fundamental pillars in the makeup of the Australian psyche. Whether it is pioneering in medicine or dominating our national sports on the global stage we’ve done it with a sense of community and a touch of inventiveness. Our success in the Olympics over many generations is a testament to our […]
Dubbed the ‘AirBnB of storage’ by its co-founder and CEO, Michael Rosenbaum, Spacer has experienced considerable growth, despite being a relative newcomer to the sharing economy. According to Michael, formerly the CEO of DealsDirect, Spacer is an opportunity for resource-poor start-ups to reduce their operating costs, freeing up capital for business growth. Co-founded […]
Five Aussie start-ups have taken up residence in San Francisco, where the Federal Government has just launched its first ‘Landing Pad’ for home-grown innovators. Australia’s Consul General and Senior Trade and Investment Commissioner in San Francisco, Chris Oldfield, said the new Landing Pad would put Australian entrepreneurs and start-ups ‘at the heart of technology and […]
Mobile apps provide a stellar experience and any business without one falls behind their competition in a big way. Apps are a customer’s go-to throughout the day, when they want to find out information, buy new products, communicate with co-workers or issue work orders seamlessly. If you’re looking to engage your customers or want to […]
Whilst business apps allow for greater productivity, efficiency and can even affect bottom-line results, when it comes to the adoption of mobile apps in the workplace, many companies are lagging behind. Here’s a closer look at some of the mobile app challenges facing organisations today. Mobile app opportunities There’s no question that mobile apps are […]
New research by NRMA Business Insurance[1] shows the majority of small business owners believe the emotional benefits of running their own business outweigh the financial return. The NRMA Insurance Business Owner Sentiment Study (BOSS) surveyed more than 1,000 small business owners and found they rated being the boss (66%), work flexibility (63%) and the sense […]
To thrive and survive in the modern age, corporates must consider working with – and harnessing the disruptive ideas of – start-ups, according to Karen Lawson, the newly appointed CEO of corporate start-up accelerator Slingshot. Dynamic Business spoke with Lawson, formerly the CEO of online job marketplace CareerOne, about opportunities for start-ups and corporates to collaborate […]
Melbourne-based edutech start-up Xplor recently raised $6 million in Series A funding. It’s a big win for founder and CEO Mark Woodland, who sees it as validation of his vision and business model. Having previously transformed his family-owned childcare centre into $22 million business, he’s determined to disrupt the early learning sector, here and abroad, by […]
There are plenty of people out there with brilliant ideas and concepts.You hear about them every day, pitching to investors or trying to get funding to make their startup dream happen. You see them on TV shows like Shark Tank, trying to convince the judges their idea is the next Uber of… you can fill […]
