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In decades gone by, businesses sometimes set the trends for society. Fast forward to today where things move so fast that businesses are having to catch up with society. Even though most CEOs would not want to admit it, their organisations probably still look and operate far too much like a system designed for Henry Ford’s […]
Believing the traditional law firm model to be ill-suited to the needs of entrepreneurs, Demetrio Zema founded legal practice start-up Law Squared, determined to offer a better client experience. Since launching out of Cluster, a co-working space in Central Melbourne, in March 2016, the firm – Zema’s sixth business – has been named ‘Australia’s most […]
If you are seeking to foster a high-performing workforce in your organisation, it would be counter-productive (not to mention narrow-minded) to subscribe to the saying “out with the old, in with the new”. Long-held myths about mature age workers (e.g. they are change-averse, they are not tech-savvy, they have a ‘use by date’, etc.) have […]
We build companies and products faster these days and we have the potential to fail faster – much faster. In fact, the average tenure of a firm in the S&P 500 has shrunk from 61 years in 1958 to only 18 years in 2016. Even amongst the largest and most successful companies, standing still is […]
Incorporating fads such as Pokémon Go into your digital strategy can pay-off; however, it’s important to have a solid foundation of ‘tried and true’ marketing technologies that take you where your consumers are, says Sharon Rowlands, global CEO of ReachLocal. She recently spoke to Dynamic Business about the emerging technologies redefining the way small businesses approach all facets of […]
Recently named one of Australia’s nine most influential female entrepreneurs*, Melbourne businesswoman and start-up advocate Dominique Fisher has made a career out of developing products to assist university students successfully transition into employment. That is the core business of CareerLounge, which Fisher co-founded in 2008 with her son John Collins. Launched in March 2016, Paddl […]
There are calls from the start-up community for the Federal Government to clarify its plan to abolish 457 visas and address concerns the reform could create a skills gap, especially in the technology sector. Dynamic Business was provided with comment on yesterday’s announcement by the leadership of Shippit, Weploy, SafetyCulture, QUT Creative Enterprise Australia, Schedugram and Sail Business Loans. Offshoring and brain drain Logistics […]
The business impacts of cloud technology and the benefits of partnering with start-ups were discussed by a media panel at Amazon Web Services (AWS) Sydney Summit, this month. Panelists included Dan Stinton, Head of Digital (WA) at Seven West Media, Scott Farquhar, the co-founder and co-CEO of Atlassian and David Curran, CIO of Westpac. Stinton spoke about where […]
By extending payment times to small businesses in the supply chain, large Australian and multinational organisations are effectively using them as ‘a cheap form of finance’, according to a new report by the Small Business and Family Enterprise Ombudsman (ASBFEO). The report, which responds to the Ombudsman’s inquiry into payment times and practices, highlighted the […]
Former StartupAUS CEO and chair Peter Bradd, whose enterprise innovation consultancy Beanstalk Factory was named one of Westpac’s Businesses of Tomorrow, recently sat down with former IBM (ANZ) and Telstra CEO David Thodey to discuss the the value of (and barriers to) innovation plus the need for processes that ‘allow people to move faster’. Asked by Bradd to define ‘innovation’, Thodey, […]
Jobs for NSW seeks to help early-stage companies ‘left out in the cold’ by traditional lenders, including those crossing ‘the valley of death’, but there’s one thing it won’t do, according to CEO Karen Borg, and that’s give handouts to businesses that don’t have compelling job growth plans. Borg spoke to Dynamic Business about how […]
As workforces become more and more geographically dispersed, organisations need to support ‘distributed collaboration’ (i.e. the ability for people to work together as a team remotely) to survive, according to Jeff Rodman, co-founder of multinational video collaboration company Polycom. Rodman told Dynamic Business that the impact of digital transformation, including the shift from away traditional […]
Since separating from its parent company, last year, and undergoing a digital evolution, Damstra Technology has wasted no time in proving an SME from a country town can go global. The cloud-based, end-to-end workforce management solutions provider was today named as one of Australia’s 20 ‘high-potential’ Businesses of Tomorrow by Westpac. According to Damstra Technology […]
Online healthcare marketplace HealthEngine has now raised close to $50m after closing a $26.7m Series C funding round. Sequoia India, which has worked closely with Apple’s Steve Jobs, Google’s Larry Page and LinkedIn’s Jeff Weiner and other high-profile founders, led the round. The VC firm, which counts HealthEngine as its first direct investment in an […]
In the process of closing a US$15m Series C Funding Round, home-grown Adobe rival Nitro has partnered with investors who would offer ‘great value’ if the document productivity company decides to pursue an IPO, according to founder and CEO, Sam Chandler. Founded in Melbourne in 2005 and now headquartered in San Francisco, Nitro reports a 40% increase […]
Melbourne start-up MyDeal.com.au has closed a $5 million funding round with strategic investment firm Gandel Invest. Launched in 2012, the fast-growing online marketplace has, until now, been entirely bootstrapped by founder, CEO and serial entrepreneur Sean Senvirtne. He spoke to Dynamic Business about why the time was right to inject capital into MyDeal, which has grown […]
EduTech start-up 1Scope has obtained a $1 million investment from Aqualand Capital ahead of its launch in August. Founder and CEO Christina Chun spoke to Dynamic Business about her online platform, which enables companies, universities and not-for-profits to promote, manage and review the professional development opportunities they offer students. Dynamic Business: What motivated you to […]
SMEs with revenues up to $50 million will have their tax rates cut after the Federal Government struck a deal with the Nick Xenophon Team (NXT) in the Senate on Friday. Under the deal, which will cost $5.2 billion over the next four years, the tax rate for businesses with turnovers up to $10 million […]
Innovation is an underappreciated word in the world of business. Small and medium enterprises are only considered innovators when they bring something new to the market. This parochial appreciation for the meaning of innovation often means SMEs overlook opportunities to innovate. For whilst ‘innovate’ means to introduce something new, it also means to make changes […]
Businesses that can gain visibility into expenditure, automate spend management and achieve effective governance of spending policies can achieve stronger cash flow. But, for many companies, getting a tighter grip on corporate spending can present a daunting challenge. For example, Concur’s recent ANZ spend management index found that, while 82 per cent of respondents have […]
