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Sadly, you never know when a natural disaster such as fire, flooding or an earthquake is going to strike. Consider the Queensland floods way back in 2011. Not only did hundreds of homeowners lose their prized possessions, but hundreds of business owners were also affected too. It’s far easier to start again once your business […]
Although women continue to earn less than men in full-time employment and they remain underrepresented on company boards, more employers are taking action on gender equality, according to data released by the Workplace Gender Equality Agency. The agency’s fourth annual gender equality scorecard, which covers over four million employees and 11,000 employers, shows that in […]
Since the internet revolution, the way we do business has changed beyond recognition. Now we are less likely to have direct contact with clients and customers and face-to-face confirmation that they are who they say they are is no longer an option. This has led to a significant rise in internet fraud, which costs businesses […]
In the last year, I have expanded my company into three separate international markets: Singapore, the USA and the UK. While we have only officially launched in Singapore, I have spent enough time in each region to become aware of the massive diversity in culture, social protocols and ways of doing business that is unique […]
Fresh from representing Australia at the Creative Business Cup in Copenhagen this week, Ruth Stephensen – the Chief Creative Officer of Brisbane-based startup Creatively Squared – revealed her approach to captivating judges at the international creative industries pitching competition. Founded by Stephensen and her husband Scott Thomas, Creatively Squared is a digital marketing platform that […]
In Sydney, businesses that utilise a co-working space instead of entering a traditional office lease could reap savings of around 25%, according to Hub Australia. The co-working space provider compared a typical commercial lease in Sydney CBD with its Hub Hyde Park co-working space, set to open in early 2018. The comparison took into account […]
Ten Australian companies have been named amongst the top 100 fintechs globally, with three – Prospa, zipMoney and AfterPay Touch – landing a place inside the top 50. The Fintech100 report, now in its fourth year, is a collaboration between KPMG and fintech investment firm H2 Ventures that recognises innovative fintechs. It consists of two […]
Rising employee turnover remains a significant challenge for Australian businesses. Every time a resignation letter lands on your desk, it will cost you up to 150% of the vacant position’s annual salary to restaff the role. That comes in the form of recruitment and advertising expenses, as well as training costs and lost productivity as […]
What do Flare (HR tech/fintech), Mad Paws (an online pet care marketplace) and Hilti (power tools) – three very different companies – have in common? Each has been steered and shaped by Jan Pacas. As AHRI’s 2015 CEO of the Year explained, “I’m passionate about a great many things that don’t, on the face of […]
Many business owners spend years building their business to only receive a fraction of what it is worth when it comes time to sell. Although there are many more, here are seven of the most common mistakes that could impact you significantly. Inadequate preparation Sellers who get the best deals are those who have left […]
Cloud accounting provider Reckon is selling a 120-person division to rival MYOB for $180 million as it looks to – in the words of Group CEO Clive Rabie – “narrow [its] focus on the small business accounting software market”. Subject to regulatory approval by the ACCC and the NZCC, MYOB will acquire the assets of […]
There’s something really sexy about the idea of being an entrepreneur. Why else would there be so many TV shows and publications dedicated to the pursuit? But the reality of creating, building, and exiting businesses is often far from expectations. Endlessly inspired creativity sessions, constant deal making, investors throwing cash at your brilliant ideas… These […]
Australia’s small businesses have been slow to leverage technology that would improve the customer service experience even though consumers are increasingly turning to large organisations to satisfy their spending needs, according to Katrina Konstas, Vice President Small Merchant JAPA, American Express. Konstas spoke with Dynamic Business about findings from American Express’ Economy of Shopping Small: […]
A review of publicly available data on capital raises undertaken by Victorian startups and scaleups over the past five years shows that 385 firms closed 510 investment deals, worth a combined total of $790 million. Commissioned by LaunchVic, the dandolpartners review also found that: The median seed investment was $100,000 while the median angel investment […]
Hiring people to work in your business effectively means entrusting others with fulfilling your vision. Scary thought, right? With this in mind, it’s imperative to find meaningful ways to keep your employees firing on all cylinders with their eyes on the ball. This week, for our exclusive “Let’s Talk…” feature centering on management, we asked […]
Starting your own business can be distressing at the best of times. It can take a lot of work to make everything look smooth on the surface, when in reality you’re dealing with the chaos and uncertainty of being a startup founder. So if you’re starting up a business for the first time, it’s good […]
To thrive in the digital era, all businesses need to be where their customers increasingly are – online. In 2015/16, Australians spent a whopping $41.3 billion shopping online according to a press release published by Roy Morgan in 2016, up 9.25 per cent on the previous financial year.” Although the popularity of e-commerce amongst consumers […]
Peer-to-peer car sharing platform Car Next Door has completed the first stage of its Series B capital raise, securing $2.3 million from new and existing investors, and kicked off stage two with the launch of a crowdfunding campaign through Equitise. Founded in in 2012 by CEO Will Davies and CTO Dave Trumbull, the startup enables […]
A survey of 1280 SME operators has found that nearly half (49.6%) had relied on unfair contract terms legislation, implemented last year, to negotiate fairer terms with big businesses during the past six months. Conducted by East & Partners, the SME Transaction Banking survey also showed that nearly four in five respondents (78.2%) were aware […]
The Australian Competition & Consumer Commission (ACCC) says its only at the ‘tip of the iceberg’ in terms of its efforts to ensure small businesses are not subject to unfair contract terms. Since 12 November last year, when unfair contract terms laws were extended to small business contracts, the ACCC has taken successful court action […]
