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Company directors will be issued with unique identification numbers as part of Federal Government reforms designed deter and penalise directors who engage in illegal phoenixing activity. The reforms were announced this week by Minister for Revenue and Financial Services, Kelly O’Dwyer, who said illegal phoenixing – the stripping and transfer of assets from one company […]
Dynamic Business is proud to present ‘Let’s Talk…’. This exciting new, weekly initiative provides entrepreneurs and industry experts with a forum to share rapid-fire views on a range of issues that matter to start-ups and small to medium businesses. So, what’s the 411 with ‘Let’s Talk…’? Every Wednesday, we’ll pose a themed question to a […]
“I have a strong opinion that the sooner we can have people addressing social issues through financially profitable businesses, the better. Unfortunately, we live in a world with increasing costs of addressing social issues and if we need to continue relying on donor dollars to address them, it’s going to take us longer to achieve […]
For many adults, the video game revolution came along too late, and it’s just not something they’ll ever be interested in. And that’s fine. But gaming is a huge part of so many people’s lives, and sticking your head in the sand to it doesn’t make you ‘mature’ or ‘sensible’ – in fact, the opposite […]
Monday, 11th October 2017 Source: MYOB MYOB has called for Australian SMEs to consider the impact that a cybersecurity attack could have on their business and consider implementing stronger measures to ensure that an online security breach won’t mean having to close shop. The call to action comes following findings from MYOB’s SME Snapshot that […]
Just as Spotify and Apple have transformed the way people listen to music, Brisbane-based entrepreneur Andrew Barnes envisions his edutech startup GO1 as the way forward for corporate training. Since launching in 2015, GO1 has amassed over 500,000 users for its SaaS platform, which enables companies, across all sectors, to find, book and track […]
Sydney-based Parcel delivery startup Sendle has partnered with Ebay Australia to provide the ecommerce heavyweight’s 40,000 small to medium sellers with convenient, cost-effective logistics solutions. According to James Chin Moody, co-founder and CEO of Sendle, sellers that integrate their eBay accounts directly with Sendle gain free access to Sendle Premium and are able to instantly […]
Atlassian co-founder and co-CEO Mike Cannon-Brookes has thrown his support behind Brighte, leading the home energy fintech’s $4 million Series A round through his venture capital business Grok Ventures. Based in Sydney, Brighte is a digital credit platform that provides on-the-spot finance for home energy improvements, allowing homeowners to access solar panels, insulation and batteries […]
Government moves to reduce regulatory barriers to challenger banks entering the market should improve access to finance for small business, according to Australian Small Business and Family Enterprise Ombudsman (ASBFEO). The Ombudsman, Kate Carnell, welcomed news that the Treasury is consulting on proposed changes to the Banking Act, which would remove restrictions on the use […]
The growth of SMEs is being significantly restricted by their inability to access credit readily, according to the results of a survey commissioned by fintech lender GetCapital. The Businessloans.com.au Small Business Credit survey was completed by 611 SMEs, defined as businesses with between 5 and 250 FTE and an average minimum revenue between $50,001 and […]
Despite being a $50 billion industry, the amusement and leisure sector has been ‘starved of advancements’, according to Luke Finn, the CEO of Melbourne-based tech company ROLLER. Determined to be at the forefront of the industry’s tech evolution, Finn along with his co-founders – brother Mark Finn (CFO) and Will Nicholson (COO) – have seen […]
We’ve all seen the grim statistics: more than 90 percent of startups fail. It’s widely acknowledged that many of these failures are caused by “rookie mistakes”. Yet, having worked with hundreds of startup founders as a mentor and investor I continue to see the same mistakes made again and again. At the same time I […]
Brisbane will soon boast a new co-working space with the launch of The Cove in Newstead at the end of September. According to owner and director Courtney Norris, the experience has been designed to encourage creatives to be “brave in business” while eliminating their “Monday blues”. Norris told Dynamic Business that Brisbane has always […]
Western Union’s president of global payments, Jean Claude Farah, has indicated the 116-year-old money transfer giant isn’t at risk of being usurped by FinTechs but does realise the value of partnerships, admitting “today, no one can do it on their own”. Farah told Dynamic Business that the global payments industry is undergoing change, citing disruptive […]
Concerns around governance, culture and accountability within the Commonwealth Bank (CBA) have prompted the Australian Prudential Regulation Authority (APRA) to announce an independent inquiry into the lender. According to APRA Chairman Wayne Byres, the panel would consider the lender’s frameworks and practices in relation to the governance, culture and accountability to determine whether they conflict […]
Founders often ask me ‘how do you know when is the right time to leave a corporate role and start your own business?’ Despite the fact I have a strong accounting background and am very much a numbers person, life experience has taught me this initial decision often needs to be based more on a […]
Michael Nixon – a 14-year-old entrepreneur from Wagga Wagga, NSW – has out-pitched seven startups to be crowned the first-ever Australia Post Regional Pitchfest national champion. Impressing the judges with his innovation, The Amazing Annoyatron – an educational kit that introduces kids and teens to electronics and coding – the EduKits founder was awarded $7,500 […]
Networking with influential door-openers, eager to help female-led startups, helped the brains behind UrbanYou – an on-demand platform for household services – fast-track business growth, with their most recent feat being a $1m capital raise within the space of two weeks. To date, UrbanYou has facilitated over 20,000 services, totaling $3 million, for its 5000 […]
The opportunity for small to medium sized businesses to make the switch to solar and batteries is stronger than it has ever been. Similar to households, small businesses typically pay high electricity rates and unlike big businesses, possess less negotiating power on energy retail costs. Small businesses also tend to have tighter budgets when it […]
Four years ago, Sydney’s Frank Andrews began to transition away from a nearly 20-year career in the banking sector, where he was earning a six-figure sum, to pursue his passion for coffee roasting as a legitimate business. With limited hospitality experience, he faced an uphill battle – especially considering the fiercely competitive nature of the local café […]
