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Businesses must navigate a multitude of risks daily. While large companies tend to have dedicated “risk management” departments, which monitor threats to profitability, among SMBs, risk management often begins and ends with physical risks, including those posed by work health and safety hazards. But what of the risk of competition, market conditions, cyber security breaches and emerging industry disrupters? SMBs can’t afford to take these risks for granted, […]

Securing early-stage venture capital is easy for quality start-ups. What’s often neglected, however, is the other side of the equation – the difficulty for angel investors to find and determine between a company worth investing in from one that’s unlikely to succeed. It’s a feeling that any punter who has lost big on the Melbourne […]

Last month, thirty Aussie entrepreneurs flew to Cambodia with social enterprise Project Gen Z to spend time teaching disadvantaged youths how to establish their own business ventures with a view to helping them out of the cycle of poverty.  While it was a chance to impart life-changing skills, the travelling business people found they had […]

As the war for talent intensifies, small businesses may find themselves on the losing end if they insist on rigid recruitment standards, according to Paul Wolfe, senior vice president of HR at employment-related search engine Indeed. Wolfe, who has served as a VP and SVP at a number of well-known companies including Match.com, Orbitz, Conde Nast and Ticketmaster, […]

A few short years ago Melanie Perkins was desperately pitching her graphic design start-up to investors, uncertain whether she’d secure the support necessary to fulfil her mission to democratise design. Today, she and co-founders Cliff Obrecht and Cameron Adams are being courted by large firms, keen to get in on the action.   Since launching […]

Even the toughest of business people are taking their hats off to the Tiwi Islanders nowadays. Only seven years ago, the islanders committed themselves to resurrecting an abandoned acacia plantation business on their homeland. They had no money, no trained forestry staff, no port suitable for woodchip and no export market. Tiwi sought and received expert […]

Visibility into working capital is essential to manage cash flow and ensure a business can remain sustainable, yet research shows that companies frequently miss quarterly working capital forecasts by up to 23%.[1] Organisations must address this inaccuracy as a matter of urgency, as working capital is a measure of the operating liquidity of an organisation […]

Drive Yello, the app-driven start-up that lets food services outsource and manage delivery jobs, has partnered with Menulog to enable more restaurants in the latter’s network to offer delivery.    The partnership will also provide Menulog customers with access to Drive Yello’s last mile technology, allowing them to track their order from the time it […]

By seeking out ‘smart capital’, as distinct from seed funding, early stage SMEs can enhance their business acumen, avoid unnecessary start-up mistakes and increase their appeal to prospective investors, according to Kylie Hammond, founder and CEO of Director Institute. “Smart capital is money from an individual or group of individuals who can, by sitting on an […]

A quartet of sharing economy founders have partnered to launch Australia’s first shareconomy accelerator in Sydney. The Sharing Hub will provide entrepreneurs with education, mentorship and investment opportunities, as well as a space for collaboration and sharing ideas, with the aim being to accelerate the life cycle of shareconomy startups.   To promote the growth of […]

The founders of a healthcare organisation that operates in challenging and under-resourced environments have been jointly named 2016 Australian EY Entrepreneur Of The Year.   As the Australian winners, Dr Andrew Walker and Glenn Keys of Aspen Medical Pty Ltd will travel to Monaco in June, next year, to compete against national winners from more […]

The rise of the sharing economy has led to an evolution in consumer behaviour and the disruption of legacy industries. For some, it’s a threat. For others, it’s an opportunity to provide new solutions to old problems and thrive. If there’s one constant, it’s that people enjoy a good, homemade meal. A new ‘shareconomy’ player […]

Disruption has become ‘business as usual’ in many markets and, as such, it is necessary for entrepreneurs to adopt a disruptive mindset. Disruption is forcing business leaders to act quickly and decisively to remain relevant in their industry or to leverage new market opportunities. All change, regardless of what level it occurs at, is fundamentally disruptive to an […]

Are you still paying your employees’ super contributions manually via cheque, EFT or BPAY directly to funds? If so, it’s likely you aren’t compliant with the new, compulsory standard for paying super – SuperStream. As part of SuperStream, you need to pay and report your employees’ superannuation contributions electronically; allowing payments to be tracked and […]

Entrepreneurs start businesses to solve problems facing customers or to improve the way customer needs are satisfied. In the event that on-hand funding is insufficient to fully realise the potential of their proposed business, an entrepreneur will need to seek assistance from investors.  Finding the right financial partner can be challenging. There are key things you should ask to […]

Seven years ago, siblings Abigail and Jamie Forsyth founded KeepCup. They envisioned it as a business and a line of eco-friendly coffee cups in service of a campaign for behavioural change: ‘from discard to reuse’. Today, more than five million consumers worldwide have joined their ‘Reuse Revolution’.  Abigail, the company’s managing director, spoke to Dynamic Business about the […]

Google has launched a free training platform to help small businesses develop the digital skills they need to grow and thrive online. According to John Ball, Head of Google Marketing Solutions Australia, The Digital Garage includes 90 training modules covering a range of topics including website design, search engine optimisation, online marketing including social media, […]

Jackie McArthur from logistics service provider Martin Brower was named the ‘NSW Business Woman of the Year’ at the 2016 Telstra NSW Business Women’s Awards, held in Sydney last night. McArthur is the Managing Director ANZ for Martin Brower, where she supervises the end-to-end logistics and supply chain for more than 1,100 McDonald’s restaurants. She […]

Small businesses stand to benefit by borrowing from the rulebook of social enterprise and building strategic alliances in their local communities, according to social philanthropist and former Australian Survivor contestant, Lance Brooks.  Brooks is the founder and managing director of Brooks Community Consultants (BCC), a grassroots community engagement and social sustainability consultancy. He also founded Communities […]

Technology is redefining the workplace and removing geographical barriers to worker collaboration, providing businesses with new ways to create ideas and innovate, according to Workplace of the Future ‘evangelist’ Amy Barzdukas. Dynamic Business spoke to Barzdukas, who is the Vice President, Global Solutions Marketing with video conferencing company Polycom, about the challenges and opportunities associated with the evolution of the […]