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Personal relationships in the office can be expensive for employees and their employers in both a financial and reputational sense. In recent months there have been a series of highly publicised cases where big business has been hauled over the coals for its approach to the issue. But this can be just as costly for small […]
No business operates in complete isolation. Agreements must be made between your business and its customers, as well as with other businesses such as suppliers and distributors. So how do businesses enforce their agreements? The answer is through the formation of legally binding contracts. Unfortunately, many businesses get caught out with unenforceable contracts and, in turn, […]
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 […]
Australians will feel the impact of the upcoming new credit card interchange regulations — we’re a nation of points junkies with 11 million Qantas Frequent Flyers * alone. But while everyone’s thinking about how the reverberations of these changes affect consumers, it’s easy to forget that new interchange rates raise a number of big questions […]
Attracting and retaining the next generation of leaders is an increasing challenge not limited to any one sector, due largely to Gen Y (aka millennials) having different expectations for their careers. Job loyalty is far less of a consideration for young workers, making it difficult to retain talent. In fact, 50% of Gen Y believe every job […]
Bolstered by a $1 million seed injection, Melbourne start-up Weploy has launched an on-demand recruitment platform that connects pre-screened, talented employees to employers who need short term staff to manage peak periods or cover employee absences. Co-founded by serial entrepreneurs Nick La and Vince Luong, Weploy was conceived in response to the frustration they had […]
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, […]
With over 900,000 company cars on the roads in the UK alone, it’s clear to see that many businesses have an entire fleet of company cars for their employees as opposed to just a couple. Often provided as part of a benefits package, employees can expect a wide variety of advantages both in their working […]
There has been talk of a fourth industrial revolution for a while now. I believe it is well and truly here. The physical, biological and digital worlds are being brought closer than ever before by new technologies such as the Internet of Things, artificial intelligence, advanced data analytics and mixed reality. In turn, the way […]
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 […]
Determining the right marketing budget for your business can be difficult – it’s a fine balance between not spending enough and spending a lot more than you need to to be effective. The first thing you should do is look at your budget and how much you CAN afford to spend, before assigning numbers to different […]
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 […]
As a recruiter, I am surprised by the number of employers who are caught unawares when one of their staff quits to pursue a new job. There are many reasons why people change jobs but usually it’s because they feel they exhausted all opportunities in their current role, desire more money and/or want a new career path. […]
Is your start-up gaining momentum to the point that work is piling up and your small team is struggling to keep up? Outsourcing a few tasks might be just what your team needs to concentrate on their field of expertise and achieve the best possible results. Deciding what to outsource might be one of the key decisions you’ll make […]
Great ideas often come from startups and small to medium enterprises (SMEs), but the difficult question is what to do next, and at what stage should intellectual property (IP) protection be considered? It’s important to devise an IP strategy of what to protect and when, and costs can be a factor. Luckily, not all […]
As part of its Businesses of Tomorrow program, Westpac has today recognised 200 ‘outstanding’ businesses, including 20 ‘high-potential’ organisations, that have “demonstrated a clear vision to shape Australia’s economy… as it transitions to a services and knowledge-based economy”. The 200 ‘Businesses of Tomorrow’, which have a collective turnover of approximately $2 billion per year and […]
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 […]
Your brand is what sells your product. Brand management builds and maintains your brand’s reputation. Do your brand’s name, logo, and personality all reflect the identity you want to portray to consumers? Successful brand management will help to define and position your brand in the market, making you stand out from competitors and attract consumers. […]
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 […]
