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Commonly defined as enterprises employing nine or fewer people, “micro-businesses” are big players on the business stage. In 2013, they accounted for 14% of all businesses newly opened in Australia, but only 9% of businesses shutting down[1]. Any new business will face its share of growing pains. When you’re trying to grow your business without […]
Research suggests that it is critical for marketing and sales to work together to create best practices, deliver more quality leads, and drive higher-impact deals. Unfortunately, in Australia, many companies are misaligned when it comes to marketing and sales, as marketers focus on top of the sales funnel, while sales reps close deals at the […]
Organisations planning to streamline workflows by using a digital document management system need to ensure staff are consulted throughout the deployment process. Regular communication about the new technology and its impact on jobs will ensure staff embrace rather than resist the changes. Staff consultation Digital document management systems sit at the heart of an organisation’s workflows. […]
Regardless of the successes your business achieved in 2016, a ‘financial detox’ is an invaluable opportunity to take things to the next level this year. Like a personal detox, a business cleanse is focused on boosting energy levels and performance. Specifically, it’s all about understanding your financial vulnerabilities and cash flow pressures and creating a foundation to fund […]
We all have a love-hate relationship with our emails. It’s great because it’s instant, easy to use, and costs next to nothing. At the same time, most of us get hundreds, if not thousands of emails a month—leaving a majority of them unread. As a business reaching out to customers through email, how can you keep […]
When launching her handmade Jewellery business in March 2014, Melbourne designer Erin Browne resolved to take a gradual approach. The decision was fuelled by her desire to self-fund the brand, which meant part-time work, and form a deep understanding of the market she was entering. Wanting a hands-on education in ecommerce, she opened an online […]
If you have an entrepreneurial spark, with a focused passion and unwavering determination to start up your own business, you’re off to a good start. While the experience of setting up your first business can teach you invaluable lessons, many of those costly start-up mistakes can be avoided by investing in a Master of Business […]
Cloud computing represents a quantum shift in how businesses can conduct themselves in the 21st Century. The thing is, cloud computing is not only a catchy phrase, it’s also an oblique one. “In the cloud” has, in the last few years, become shorthand for any facet of IT that seems overly complex but, for businesses, […]
Market share growth and sales increases are the driving forces for SMEs. Neither, however, happens by chance. You must be prepared and put in place a strategy that will enable you to achieve the desired results. Generally, collecting information that is relevant to buyers and organising it is often seen as the key to driving sales. Even then, […]
Each year, an estimated 15 billion trees are cut down worldwide to produce paper, timber and other consumables. Terrified by the statistics, Sydney-based entrepreneur, designer and self-proclaimed ‘eco-warrior’ Ziah Lane launched 100% tree-free tissue brand NO ISSUES, eager to drive a consumer revolution that would help preserve the planet for future generations. Validation, both of […]
Every day millions of men and women are left asking the question “how can I get out of debt?” or “will I ever to be able to get out of debt?” Well, it is certainly possible to get out of debt, but the overwhelming majority of men and women either look down the wrong roads […]
Sydney-based tech start-up Audience Republic, which helps event organisers boost ticket sales, today closed a $525,000 seed investment round. Co-founders Jared Kristensen, a former promoter, and Jason MacLulich, ex CTO of GoCatch, raised capital from Artesian Capital and QUT Creative Enterprise Australia. Funding also came from angel investors Radinck van Vollenhoven (Stocard’s MD, formerly with Spotify and […]
By the time you have read the title of this article there is a 50/50 chance that you have got something else on your mind as well. In 2010, Harvard psychologists carried out a study that tracked people’s activities, their thoughts and their feelings at random intervals. They found that just under 50% of the […]
Deutsche Bank of Germany recently decided to cut bonuses for local employees as it struggles to turn a profit in the wake of a large litigation bill. The litigation issue stems from the mortgage market collapse in the lead up to the 2008 Global Financial Crisis, resulting in a $7.2 billion-dollar settlement with the US […]
Senator Eric Abetz has recommended the federal government return small business to the cabinet and place the portfolio in the hands of Liberals. In an address to the Young Liberal Federal Convention, last weekend, the former minister warned that “too much red tape, too much taxation and oppressive regulations” barred small businesses from fulfilling their […]
One of the many challenges you face when running a business is deciding when to invest in technology that helps you grow to the next level. In the beginning your needs are simple, so you may even be able to manage your business with a spreadsheet on your laptop. But at a certain point the […]
It’s a familiar tale: a small business gets off to a flying start…and then growth stalls. Sales plateau, staff morale falls and the company’s leader feels frustrated at his or her seeming inability to take things to the next level. Often, this is caused by the leader’s failure to adjust their leadership approach from a directive […]
Investing in a vehicle has many benefits for your business. You can have a company car as a benefit for potential employees. Your current workers can drive an executive car to a meeting with new clients. And, you can deliver your products in a truck or van. There are also important legalities to keep in […]
The decision to launch a start-up is often justified by statements such as “it was time to do something on my own”, “now was as good a time as any” or “it’s too good an opportunity to pass up”. These statements, while high on enthusiasm, are low on balanced consideration. While all opportunities carry a risk and […]
In February 2016, Brett Kaplan – a veteran of the corporate world – ‘flew the coop’ to become CFO of online home services marketplace Oneflare. Founded just five years earlier by serial entrepreneurs Marcus Lim and Adam Dong, the fast-growing Sydney tech start-up provided the enterprising South African with relief from an itch big business […]
