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The legendary unicorn, frequently depicted as horse with a horn protruding from its forehead, has captured imaginations since antiquity. In 2013, the term was appropriated by venture capitalist Aileen Lee to refer to a statistical rarity – namely, a startup with a market valuation of at least $1 billion. Since then, the ranks of the […]
What does ‘culture’ in a corporate context really mean anyway? We all throw the term around with the assumption there is a common understanding of what it actually means, but I feel in its over use its lost its meaning and worth defining to set the scene. Most people would agree corporate or organisational culture […]
The brains behind mentoring software startup Mentorloop have closed an oversubscribed seed round, raising $725,000 from Blackbird Ventures, Rampersand and Tempus Partners to bring their total funding to more than $1 million. Launched in 2015 by Heidi Holmes (COO) and Lucy Lloyd (CEO), Mentorloop is a cloud-based, mobile-first platform that assists corporates, universities, not-for-profits and government with […]
Burnout is one of the few mental disorders recognised by Work Safe Australia as directly caused by too much work; and it contributes to a $20 billion “stress bill” businesses foot each year. Through the ubiquitous smart phone, leaders are always connected to work when at home, and when on leave. In my role as […]
Australian businesses are connected to more than 210 million people, globally, through Facebook, while more than one in three SMBs have been built on the social media platform. Kaylie Smith, Head of SMB for Facebook Australia & New Zealand, spoke to Dynamic Business about the company’s local data, including findings from a recent poll of […]
For those entrepreneurs who envision their business as the next big thing, it will pay dividends to take cues from forward-thinking leaders, such as Tesla founder and CEO Elon Musk, and surround themselves with inspirational peers. Likewise, it’s incumbent on entrepreneurs seeking to both disrupt the market and avoid being disrupted to continually leverage – […]
The Christmas Blackout period can bring Australian small businesses to a halt as wage bills take priority and payments begin to dry up. With everybody looking to preserve the cash they have available, business to business transactions begin to slow down from November through to February, leaving some business owners scrambling or tying themselves up […]
The Australian Small Business and Family Enterprise Ombudsman has today released a study into factors impacting small to medium enterprise investment. According to Ombudsman Kate Carnell, SME investment is being impeded by limited access to capital as well as red tape and energy prices and that removing these barriers would “give them confidence to grow […]
In the wake of Startup Muster handing down its fourth annual report, co-founder and CEO Monica Wulff spoke to Dynamic Business about the portrait it paints of the local startup ecosystem including her concern for the one in five founders whose cash runways are fast running out. This year’s report was informed by data from […]
By actively supporting flexible and remote work, businesses can position themselves as employers of choice in the ever-more-ruthless war for talent. Plus, if they’re seeking to be national or even global in scope, enabling ‘distributed collaboration’ – i.e. the ability for people to work together as a team, albeit remotely – isn’t just a strategy […]
Businesses risk being disrupted if they don’t create environments where people can sit in their ‘challenge sweet spot’, have freedom to express crazy ideas and feel safe to fail meaningfully, according to Dr Amantha Imber, the CEO of innovation consultancy Inventium. Prior to founding Inventium a decade ago, Imber – a 2016 inductee into the […]
With Amazon having its soft launch in Australia, today, Dynamic Business spoke with Dominique Lamb, the CEO of the National Retail Association (NRA) who admitted the ecommerce giant was a ‘worthy opponent’ for local retailers but one that can’t satisfy demand for ‘retail as entertainment’. [Related: Let’s Talk… Ecommerce and If you can’t beat them, join […]
The holiday season is one of the biggest times of the year for retailers, accounting for as much as 20% of annual sales. With the increased sales, as well as the opportunity to acquire new customers who will shop year-round, early planning and preparation can be key to maximising success. But, what happens when the […]
Over the past two decades, Vanessa Stoykov has carved out a successful career in the finance industry as a storyteller, TV host and entrepreneur. Her first business, Evolution Media Group, has become a multi-million-dollar production house off the back of demand for its educational video content about wealth. Meanwhile, No More Practice – Stoykov’s e-learning […]
The Federal Government will begin paying small business suppliers ten calendar days sooner to improve their cashflow, it has been announced. Under the Government’s revised ‘pay on time’ policy, Small Business Minister Michael McCormack said federal agencies and entities will be required to pay invoices for contracts worth up to $1 million within 20 calendar […]
With Amazon expected to launch in Australia on Thursday, the build up has seen mixed reactions from online retailers. While the immediate response from many has been one of fear and skepticism, there’s no doubt that appetite among consumers is alive and well. A recent study by Nielsen reported that 75% of Australians aged 18+ […]
Inbound marketing is one of the most exciting initiatives to arrive on the marketing and business scene in the past five years. If you are not investigating inbound marketing at the moment, it is time to take action. One of the biggest challenges of running a business is remaining relevant and adapting to change. Whether […]
Technological advances such as video conferencing and cloud-based file-sharing are enabling businesses to save time and money by virtually engaging with stakeholders such as clients across borders and oceans rather than meeting them in person. This begs the question… have in-person meetings, requiring attendees to travel interstate or abroad, become redundant? We asked 15 business […]
Although it’s been one week since World Kindness Day (13 Nov), it’s important for CEOs to realise that being kind should be an ongoing commitment and obligation. Introduced in 1998 by the World Kindness Movement, a coalition of over 25 non-government organisations across the world, World Kindness Day serves as a reminder to be purposeful […]
High-profile entrepreneur Mark Bouris will head up a taskforce established by the Federal Government to encourage small businesses to adopt digital technologies that will streamline their operations. Bouris will be joined on the Small Business Digital Taskforce by Spiro Pappas (Executive General Manager of Global Institutional Banking at NAB), Pip Marlow (former MD, Microsoft Australia), […]
