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The Small Business and Family Enterprise Ombudsman, Kate Carnell, has floated the idea of a Government-backed approach to small business lending, modelled on the British Business Bank, to improve access to finance for SMEs. Kate Carnell told Dynamic Business that the tightening of prudential requirements by APRA and other regulators globally, following the Global Financial […]
New Zealand native David Kirk has worn a variety of different hats throughout his career. At one time, during the 80s, he captained the All Blacks, leading the team to World Cup victory. Later, in the noughties, he served as the CEO of Fairfax Media. Today, he is a seasoned company chairman as well as […]
We are relentlessly told that we should be ‘authentic’ and find our own approach to leading. The idea of emulation is almost frowned upon. But while many people will say that you need to create your own style, not copy others, the neuroscience of performance has produced some very different answers. In any domain where […]
Due to Australia’s relatively small population and the country’s remoteness from global markets, some businesses will need to expand overseas in order to reach their growth potential. Of course, there are numerous factors businesses must consider before venturing abroad, not least of all laws governing intellectual property (IP) including patents. Indeed, overseas expansion plans can […]
Melbourne-based fintech startup Finch has closed an oversubscribed seed round, raising $2.25m in funding for its social payments app for millennials. Launched in July, the Finch app allows users to pay and request money instantly (without a BSB), split bills, run tabs in groups to track shared expenses. According to Shahirah Gardner, who co-founded the […]
Two Aussie startups have joined forces to satisfy growing demand within the increasingly lucrative competitive video gaming industry for a daily fantasy esports offering. As part of this undertaking, they are rolling out what they hope will become the universal cryptocurrency for esports enthusiasts. Launched across Australia in late August, Skrilla is a wagering platform that […]
Employees will often compliment a good boss by describing them as a great leader. Someone who can make the tough calls when the situation requires it; someone who stands firm in their beliefs and is guided by a vision. People can’t help but want to get on board and work with people like this. But […]
Employers who resist the tide of change – i.e. refuse to embrace flexible working – not only miss out on the advantages of greater gender diversity, they limit the size of their talent pool, according to Natalie Goldman, the CEO of Sydney-based tech startup FlexCareers. Boasting a community of 75,000 job candidates, FlexCareers – […]
For small and medium businesses (SMEs) that want to take on new export opportunities, understanding your business’ working capital position is critical. Working with the right financial partner can be the key to driving your export success. Accountants and financial advisors continue to be a key support channel for SMEs that are looking to build […]
In the modern business era, technology that was once the stuff of science fiction (hello robots) is now a reality – or, at the very least, a near-future prospect – with massive benefits for organisations that leverage it. It makes one wonder… what will be the next big game changer in business technology? That’s […]
To cement its position as the dominant marketplace for on-demand household services, Sydney-based startup UrbanYou has acquired HomeHello, its rival in the domestic cleaning space. According to UrbanYou co-founder and ex-Yahoo executive, Noga Edelstein, the acquisition was possible due to the “phenomenal” growth of her company over the past 12 months, including an expansion […]
Hailed as the World’s Innovation Capital, Silicon Valley is often top of mind when a startup founder begins contemplating an expansion into the United States of America to add scale to their business. Operating in the Valley does lend a startup a certain degree of prestige – after all, it has birthed some of the […]
Colin Kinner doesn’t have much patience for the tall poppies of Australia or people who are intellectually dishonest in business. He does, however, have a great deal of time and respect for individuals who take the entrepreneurial plunge and attempt things “nobody else has tried before”. In fact, he’s coached hundreds of aspiring entrepreneurs over […]
Online retail marketplace MyDeal.com.au has partnered with small business lender Prospa to offer its listed retailers loans to accelerate their growth. Retailers who list their products through the MyDeal marketplace can now apply for a business loan of up to $250,000 directly through their supplier management system and, in the case of loans under $50,000, […]
This year, Australia continued its descent in the Global Innovation Index, dropping four places*. Now ranked 23rd, the nation’s innovation performance lags behind that of neighbour (and Rugby rival) New Zealand. This is concerning given the Federal Government’s $1.1 billion National Innovation and Science Agenda, launched nearly two years ago, was intended to transform Australia […]
The NSW Government is establishing a $150 million equity fund to allow it to ‘buy a stake’ in top performing businesses across the state, Deputy Premier John Barilaro has announced. Barilaro said the GO NSW Equity Fund, which is being established in partnership with First State Super, would see the Government take an equity […]
When Carl Krumins was fired from a job cleaning floors, twenty years ago, the aspiring tech entrepreneur realised he would never achieve success unless he pursued his passion. Today, his brainchild – mobile messaging tech provider SMSGlobal – is an international success story. With 70 staff across five offices (New York, Dubai, Croatia, Melbourne and […]
With more than 330 active franchisees nationally, Hire A Hubby (HAH) is today the third largest player in Australia’s tradesman and handyman industry, claiming a market share of 5% – and of the big three, it’s reportedly the only one to have gained market share since 2011*. Under the leadership of CEO and owner Brendan […]
On-demand dry cleaning pick-up and delivery service Laundromap has now launched in Perth and Sydney, with the founders of the New Zealand tech startup in the midst of planned $3-4 million capital raise to service further capitals across Australia. Since launching in New Zealand last year, Laundromap has grown at a rate of 30% month-on-month. […]
“What is the biggest growth barrier Australian startups are facing?” That’s the question Dynamic Business put to more than 20 entrepreneurs and industry experts, this week, for our exclusive “Let’s Talk…”, exploring success (and barriers to achieving it). Some commentators pointed to environmental factors such as a scarcity of local capital, customers and talent as well as a […]
