Locked
2020 was an unhinged year for businesses on many levels, particularly in the cyber department. CrowdStrike observed an increase in eCrime activity up over 330 per cent in the first half of 2020 alone, compared to all of 2019. The onslaught of criminal activity has been exacerbated in particular by remote working, increasing attack surfaces and […]
2020 was a year of unprecedented challenge for business owners. Almost overnight, businesses of all sizes were scrambling to find new customers and devise innovative ways to sell to existing customers. Uncertainty and fear abounded, but so too did resilience and ingenuity. At both a state and federal level, the Australian government acted quickly and […]
It is common for people working in business to be concerned with or stressed about their business finances at some point. Unpredictable income, cash flow and delayed payments are common experiences for people working in small business and these can put you at increased risk of poor mental and physical health and family conflict. It […]
The customer is always right is an adage that has been driving the way we do business for years. While the concept of customer experience (CX) has evolved, business processes have not. Today, the smartest organisations are creating competitive advantage by placing customer wants first and managing their customer experience from start to finish. In the […]
As COVID-19 wreaked havoc nationally and demand for safety equipment grew, Victoria’s regional medical device manufacturer Care Essentials pivoted its focus to produce a range of PPE products, surgical face masks and N95 respirators. “Our decision to explore making PPE masks came because we kept receiving calls from hospitals, federal and state departments asking if […]
The recent Netflix documentary, The Social Dilemma, looks at some of the devastating impacts that technology and artificial intelligence (AI) are having on many of us. Through an AI lens, it examines the causes of the recent polarisation of society; why, how, and who controls our information; and the effects of social media on mental health […]
NSW Premier Gladys Berejiklian has announced a further tightening of COVID-19 restrictions for NYE as 18 new community transmissions are detected overnight. Greater Sydney, Wollongong, Central Coast and Blue Mountains households will now only be allowed to have 5 visitors (including children) and outdoor gatherings will be limited to 30 people. The southern section of […]
Data from cryptocurrency trading simulator Crypto Parrot has found that cryptocurrency traders on Bitfinex and BitMEX lost $US13.47 billion in 2020. The data found that $US9.26 billion of long positions and $US4.21 billion of short positions were liquidated over 2020. Crypto shorting is a bet that the price of a certain crypto asset will fall, […]
The US House of Representatives has approved increasing COVID-19 stimulus checks from $US600 to $US2,000, however it is still uncertain whether these changes will pass a Republican-controlled Senate. The bill passed the House with a sweeping majority of 275-134, with 44 Republicans joining Democrats. However Senate Majority Leader Mitch McConnell has refused to say how […]
Britain’s Prime Minister Boris Johnson has professed that the recently secured Brexit trade deal falls short for financial services. In an interview with the Sunday Telegraph, Mr Johnson admitted that the Brexit trade deal “perhaps does not go as far as we would like” in determining Britain’s market access to the EU after 1 January […]
Premier Gladys Berejiklian has confirmed that there will be no gatherings in Sydney Harbour on New Year’s Eve and current restrictions will continue beyond 30 December. “You cannot come to the CBD on New Year’s Eve unless you have a booking from a hospitality venue. But even if you have a booking, you have to […]
Let’s be frank—passwords are still the bane of our online existence. They’re living fossils, throwbacks to a time when a secret string of characters was the only thing available to secure accounts. Thankfully, there are now secure and easy to use authentication options which let organisations relegate passwords to computing’s Jurassic era. We’ve all been there. Staring […]
Quitting your job and following your passion is more common on theatre screens than in real life, however it’s exactly what happened with the fruit-picking robotics company Ripe Robotics. “I am a massive risk taker so I was quite happy to quit my job and put all my money into this,” said Hunter Jay, founder […]
Who could have predicted 2020? Many of the resolutions that you may have made in your business likely got swept aside in the chaos of the pandemic. As the world starts to emerge and economies recover, what are the 2021 resolutions you can make that will put your business in a strong position for the […]
Restrictions across NSW will remain, except children under 12 will now be excluded from the 10 person rule in Greater Sydney, Central Coast, Wollongong, Nepean Blue Mountains and south Northern Beaches households during 24 – 26 December. This does not allow for different groups of 10 per day. “Can I stress, you cannot have different […]
While 2020 packed a punch that not many people were expecting, impending vaccines and a rebounding economy offer a glimmer of optimism for business in 2021. However improved economic conditions also mean a reduction in government safety nets like JobKeeper and cash flow boost. Properly managing cash flow in 2021 will be a precarious and […]
Many small business owners work long hours and can often be on their own. Having people around them to check in on how they are doing can make all the difference. Have you noticed changes in someone’s behaviour recently? Has a business owner you know been doing it tough financially, been impacted by a weather […]
On Monday, the parliamentary joint committee on corporations and financial services suggested that temporary amendments to continuous disclosure laws in 2020 be made permanent. The committee tabled their final report on Monday, releasing 31 recommendations to improve the litigation funding industry. The inquiry was referred to the committee on 13 May 2020 to investigate the […]
A ban on mass gatherings that forced the postponement of Australia’s premier car festival – Summernats – hasn’t stalled the event’s rise in popularity in the USA, thanks to a gaming app that has been downloaded more than 1.5 million times. In a normal year, Summernats attracts 100,000 car lovers and injects $30 million into […]
This year, COVID-19 and social justice took out the top spots in Twitter’s most tweeted topics in Australia. For the first time in years, #COVID19 edged out #auspol as the most tweeted hashtag in Australia. #COVID19, and variations of it, was tweeted nearly 400 million times worldwide. Angus Keene, Head of Client Partnerships at Twitter […]
