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Machine learning may sound like an extremely complicated high-tech concept, and that’s probably because it is. Big data analytics has become all the rage these days among businesses, and machine learning essentially takes big data and rockets it to another level. Most average consumers have likely not even heard of big data, let alone its […]
It’s true that most businesses today recognise the value of diversity. Through strategic recruitment policies and the development of an inclusive culture, business leaders strive to leverage a variety of backgrounds and perspectives to create a commercial advantage. But when limited by your own industry sector, is there a limit to how far you can […]
One of the requirements for businesses to secure a bank loan is to have a formal business plan in place. According to the State Government of Victoria’s Business Victoria website, “When applying for a business loan, it’s essential to prepare a detailed business plan and fully inform the lender about your proposed venture. This information […]
In global terms, Australia is an expensive place to do business. Wages, rents, taxes and regulation combine to make conditions here tougher than in many other countries. As a result, Aussie small and mid-sized businesses are constantly on the lookout for ways to keep a lid on operational costs. By identifying areas in which savings […]
When Steven Atkinson wanted a new challenge, he just left home and travelled; when he wanted his own business, he just started one; and when he lost his passion – he just stopped and started over. Dynamic Business hears how ‘just getting on with it’ can pay dividends as Steven shares a story of fast […]
According to a report published in Harvard Business Review, out of 20,000 hires during a three year research period, 46 percent had failed in the first 18 months and only 19 percent achieved success. The primary reason given for failure was “poor interpersonal skills” which 82 percent of managers admitted to having overlooked in the […]
You want to grow your business but you’re struggling. Perhaps you’re out of ideas, or the ones you have are stale, and you’ve got a limited marketing budget. One option, which can be a win-win-win in terms of exposure, partner and customer relations, is to hold an event. Not only does it get your brand […]
Creating a business is an incredible journey made up of both success and failures, and entrepreneurs who are fortunate enough to watch their venture grow from a simple idea to an established company will understand that it involves constant change and management – From experience, here’s some advice in managing these changes. Expanding and thriving […]
Today I am proud to be throwing my support behind Australia’s startup sector by getting involved in UberPITCH as part of the 2015 SydStart Conference. The initiative, which has successfully run in San Francisco and India, gives entrepreneurs the chance pitch their idea to accomplished entrepreneurs for fifteen minutes. I’ve travelled the world for business […]
“Universities will want to play a role, industries will want to play a role, start-ups will want to play a role.” These were the words of NSW Premier Mike Baird recently speaking to the ABC about plans to transform Sydney’s inner-west foreshore into a new tech hub. A development some say is long overdue – not least, […]
Has fintech dropped the ball when it comes to brand building? Have we spent too much time developing great products and not enough time spruiking them? If recent research by East & Partners is anything to go by, then yes, yes we have. The study found 39 per cent of micro and SME businesses couldn’t […]
You want to feel alert, fresh and awake at work. You are hoping to feel energised and focused throughout the day. Yet by 2pm your energy sags. You still have several meetings in the hours ahead. You order another coffee and keep going, all the while feeling increasingly depleted. The demands, the deadlines and expectations […]
More, faster and cheaper – these three words could be used to describe our modern day media consumption habits, and the ever-increasingly accessible internet is here to feed them. With the average daily media consumption via the internet increasing by 105 per cent over the last five years, it’s no surprise that newspapers and magazines […]
For many SMEs, the question around innovation isn’t if or when, but how. Andrew Pearce Partner at McLean Delmo Bentleys, provides tips for SMEs looking to innovate within their business. Most SMEs are keen to ensure their business not only stays relevant but it thrives in an ever-changing, digitally- driven environment. In fact, almost a […]
Family is one of the most important units of society. These are the people we’re closest to. We share history. We love them. We trust them. We spend a lot of time with them. Starting a company together can be a great idea. And a great risk. There are many successful family businesses. Many small […]
Commonly thought of as an alternative to the bricks and mortar retailer, a website is just another ‘location’ in which to do business. Or so many might think. For James Wakefield and his business partner Robin McGowan however, physical and digital presence is not about ‘alternatives’ but instead the creation of a reciprocal relationship where […]
There may be times in your business where as a small business owner you may have to look for a new accountant. This could be because you are setting up a new business in itself or in conjunction with your existing businesses, and would like advice on tax planning. It could also be because you […]
The winner of the prestigious 2015 Ernst & Young (EY) Entrepreneur Of The Year award has been announced at a gala dinner in Sydney last Thursday. That winner was Manny Stul, Chairman and co-CEO of toy company Moose Enterprise, who stood out ahead of 27 other national finalists tipped for the award. Dynamic Business spoke to […]
When you first set up your business, you probably dived in head over heels, researching, forming new relationships, setting up an office space, and organising your daily operations. Your blood, sweat, and tears were most likely sacrificed for the cause, alongside investing your time and money. For those who survived the challenging start up process […]
The digital age has given us a lot to be thankful for. With the ability to transfer information freely and quickly, we have never been better connected with information, resources and people. It’s easy – with only a few touches of a keypad, we need not speak, travel or put on our best corporate attire […]
