Industry
With a portfolio worth $50 million, property developer Johnson Tran is the textbook definition of success… but the 29-year-old Melburnian’s tale is anything but ordinary. Unlike many of his peers, Tran didn’t benefit from an affluent upbringing; rather, he is the son of immigrants who fled communist Vietnam on a boat and arrived in Australia […]
As a CEO, you’ll have to know a lot about the critical nature in supply chain management and how it affects the bottom line of a company. There are a lot of ways to make it better and increase the connection between CEO duties and supply chain management. Many companies over the past decades have […]
The Australian shopping experience has evolved dramatically over the last decade. Emerging global high street outlets vie for space among newly expanded independent retailers as each offer unique products and services to towns and cities. At the same time, online retail has experienced a boom; widely adopted by business owners and shoppers alike. Despite the […]
South Australia has recently changed the law for minor civil claims reducing the limit from $25,000 to $12,000. The reduction in the monetary limit for minor civil claims will come into effect on 1 August 2016 however proceedings already underway in the Magistrates Court as of this date will be unaffected. Prior to 2013, the […]
If you have ever signed up to a service that doesn’t end or you can’t seem to get out off, you’ve probably just met an evergreen clause. Evergreen clauses, also known as renewal clauses, are those tricky little statements within a contract that extend its duration automatically – unless one of the parties remembers to […]
Despite globalisation removing barriers to overseas expansion, it appears that SME owners are not yet convinced of the benefits. Recent data from Bentleys, a mid-tier accounting and business advisory firm, found that only 19% of Australian and New Zealand businesses operated in overseas markets. The latest The Voice of Australian Business survey, a bi-annual national survey of SMEs, revealed that a majority […]
If you like the idea of setting up in business as a plumber you may already know that it is a competitive field. If you want to start a business as a Sydney Plumber then you need to be prepared for hard work and some highs and lows along the way. You also need to […]
Trade shows are an excellent opportunity to find new customers and make new contacts, but the only way you are going to get out of your investment in a booth, is to make it a magnet for anyone who is at the show. One way of standing out from the crowd would be to have […]
Most business owners have their own ideas on the best methods to improve warehouse efficiency. As with any other department or company asset, regular reviews and upgrades can help optimise the performance of your warehouse. High standards of quality and output targets don’t just happen – success requires constant reviewing of each and every process. […]
If you don’t want any sort of equipment to break down and leave you high and dry at a critical moment, regular maintenance is one of the key ways to ensure everything carries on running smoothly. As most hydraulic engineers would readily confirm, maintaining hydraulic equipment is particularly important, so here is a look at […]
If you are looking for a metal fabrication company for your project, finding the right company can be a challenge. Narrowing down the options is not always easy, and there are a few things that you should consider to make the right decision. The quality of metal fabrication varies from company to company, and you […]
When you own and operate a small business, you’ll find yourself experiencing many milestones. Purchasing a company car is often one of the significant stepping stones towards future success. The kind of vehicle you require will hinge on the type of business you run – a Ford Focus hatchback would not be particularly useful to […]
Deals website, Catch Of The Day and Brisbane’s Beserk Clothing received top honours at last night’s 2016 StarTrack Online Retail Industry Awards (ORIAS) gala, hosted at Dockside Pavilion in Sydney’s Darling Harbour. The StarTrack ORIAS People’s Choice Award was launched in 2015 to give online shoppers the opportunity to have their say on the online […]
To ensure your business successfully organises an event, there needs to be thorough planning and management of a diverse range of disciplines. As the organiser, you will need to utilise skills from sales and marketing for your advertising. You will also need to be across project and financial management, logistics, and health and safety. Preparing for the unexpected is also […]
Too many Australian businesses are jumping into exporting without fully understanding and researching the risks involved, resulting in business losses and unnecessary expenses. There are a lot of country-specific details that businesses should be aware of before they consider exporting. For example, Turkey, Brazil, Indonesia, and India are currently viewed as high-risk areas because of […]
As Australia transitions to being a cashless country, retailers are being urged to stay ahead of the curve and embrace new payment innovations. Those who don’t futureproof their businesses, but instead restrict the ability of consumers to make electronic payments, are not only missing out on sizeable business but risk becoming obsolete. Garry Duursma, Head, Market Development […]
Take a look across the skyline of any Australian capital city and you’ll see the hallmarks of a healthy building and construction industry. Hundreds of tower cranes busily feeding materials to teams of contractors working together to bring the architects’ futuristic multi-story tower designs to life with extreme precision. These complex multi-billion dollar projects, run […]
Intellectual property, such as patents and copyrights can represent a significant portion of a company’s assets – particularly for highly innovative start-ups. Currently, intangible assets are subject to a legislative “effective life” period which is used to calculate their rate of depreciation. However, these existing provisions which mandate their life span are inflexible and often […]
Customers are increasingly interacting with retailers through multiple ‘channels’ as part of a single transaction. Retailers that fail to offer a superior shopping experience, where their customers can move seamlessly between different channels, risk becoming obsolete, industry experts warned a recent forum’s attendees. Held at Sydney’s Radisson Blu Plaza Hotel on Wednesday, 18 May, the […]
A collective of retailers, business associations and advocates this week launched Surcharge Free – a national movement urging businesses to end the practice of payment surcharges. This follows the commencement, earlier this year, of the Federal Government’s Competition and Consumer Amendment (Payment Surcharges) Act 2016, which bans excessive credit surcharging. Surcharge Free is spearheaded by […]
