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I don’t know that the technology sector has a greater or lesser demand for diversity despite recent headline grabbing issues like ‘the Google email incident’. However, according to a recent report by Australia’s Chief Scientist, women currently comprise just 16% of our total STEM workforce. That’s jobs in the fields of science, technology, engineering and […]
Median revenue in Australia’s fintech sector has jumped by 208% over the 12 months to June 2017, with one in four companies (24%) enjoying a revenue boost of at least 700%, the 2017 EY FinTech Australia Census reveals. According to EY, the Census, which is based on survey results from 166 fintech companies, is “the […]
Choosing a monopolised market to enter with a new business idea is tough, most people find industries with a major dominant players and high barriers for entry an instant turn off. For instance, the NSW rice industry is the last remaining government controlled monopoly in Australia, meaning rice farmers don’t have control over where their […]
The first year of a new business is critical, with repeated evidence that around one third of businesses fail during this phase. However, equipped with the right knowledge and education, you can get off to a strong start. Whilst the focal point for the early months should ideally be on rapid income generation, new business […]
Australia’s peak advocacy group for startups, StartupAUS, has welcomed four new board members: Elaine Stead (MD, Blue Sky Venture Capital), Rachael Neumann (investment advisor and strategist), Attila Brungs (Vice Chancellor and President, UTS) and Aaron Birkby (CEO, Startup Catalyst). The newcomers join current board members Alex McCauley (CEO, StartupAUS), Teresa Engelhard (company director and investor), […]
Uber and Qantas have partnered to enable the airline’s customer to earn Frequent Flyer points when they travel to and from eligible Australian airports using the ride sharing service. From today, an Uber icon will appear in the booking section of the Qantas app for customers to request their airport ride. When taking an […]
The Small Business and Family Enterprise Ombudsman, Kate Carnell, has floated the idea of a Government-backed approach to small business lending, modelled on the British Business Bank, to improve access to finance for SMEs. Kate Carnell told Dynamic Business that the tightening of prudential requirements by APRA and other regulators globally, following the Global Financial […]
Customer sentiment holds the key to unlocking hidden revenue in your business. As a retailer, eCommerce platform or marketplace, you’re likely to value customer sentiment — however being able to turn that sentiment into a successful business strategy to improve your business from a revenue or operations perspective is way more challenging. Customer’s experience, product […]
New Zealand native David Kirk has worn a variety of different hats throughout his career. At one time, during the 80s, he captained the All Blacks, leading the team to World Cup victory. Later, in the noughties, he served as the CEO of Fairfax Media. Today, he is a seasoned company chairman as well as […]
When you’re running a business, you don’t have the time or money to micromanage every single element of what you do. Particularly when you use e-commerce trading, sometimes it’s necessary that things happen even if you aren’t watching or getting involved. By ironing out inefficiencies within your business, automated systems allow you to reduce the […]
When you think of apps, topics like entertainment, travel, and antivirus might come to mind. But take a trip to the App Store or spend a few minutes browsing Google Play, and you’ll find scores of innovative apps that can help you take your small business to the next level. With so many to choose […]
Despite talk of hardening insurance rates over the last few months, the latest BizCover Small Business Insurance Index indicates that premiums for small businesses remains steady at 80 points. Although there have been industry predictions of stricter underwriting criteria and higher prices, BizCover found that excess capacity and good levels of profitability have resulted in […]
Every business owner understands that the rewards of running their own company are immeasurable, but the tradeoff is that you also bear the brunt of the consequences if things go wrong. This is why it’s important to have a risk management plan in place. Having a strategy for the common pain points that your business […]
We are relentlessly told that we should be ‘authentic’ and find our own approach to leading. The idea of emulation is almost frowned upon. But while many people will say that you need to create your own style, not copy others, the neuroscience of performance has produced some very different answers. In any domain where […]
For every dollar spent at a small business in Australia, 42 cents, on average, is reinvested back into their local community, according to a research report released by American Express to kick-start its month-long Shop Small campaign. Running throughout November, the national campaign encourages the business community as well as governments and consumers to support […]
The Turnbull Government has drafted legislative reforms to support investment in innovative fintech companies by venture capital and angel investors, Treasurer Scott Morrison has announced. Released yesterday for a public consultation period ending Friday, 10 November, the exposure draft of the Treasury Laws Amendment (2017 Measures No. #) Bill 2017 proposes amendments to the Tax […]
Due to Australia’s relatively small population and the country’s remoteness from global markets, some businesses will need to expand overseas in order to reach their growth potential. Of course, there are numerous factors businesses must consider before venturing abroad, not least of all laws governing intellectual property (IP) including patents. Indeed, overseas expansion plans can […]
Melbourne-based fintech startup Finch has closed an oversubscribed seed round, raising $2.25m in funding for its social payments app for millennials. Launched in July, the Finch app allows users to pay and request money instantly (without a BSB), split bills, run tabs in groups to track shared expenses. According to Shahirah Gardner, who co-founded the […]
Once you settle on using a website creator to launch your site, you’re not done making decisions. Now it’s time to choose the right website builder for your needs. Are you doing your homework? If not, you could log on one day to find that your page isn’t functioning as promised – if it’s still […]
The use of digital currency for payments “remains relatively limited” while cash will continue to play an important role in society despite it’s declining use, the Reserve Bank of Australia told the House of Representatives Standing Committee on Tax and Revenue. In a statement delivered to the Committee, in relations to its inquiry into Taxpayer Engagement […]
