Locked
An online retailer of kitchen appliances including Omniblend blenders, has been ordered to pay a pecuniary penalty of $17,500 for aiding, abetting, counselling and procuring overseas supplier, Taiwan Star International (TSI), to engage in resale price maintenance. The Federal Court of Australia found that TSI sought to induce Omniblend’s competitor not to sell OmniBlend blenders […]
Three months after the 2015 Budget announced a $20,000 tax break to small businesses, Tim Reed, CEO of MYOB, provider of business management solutions, shares his professional view with Dynamic Business on the effect these budget measures can have on the Australian small business community. Commenting on the $20,000 tax break, Mr Reed said “small […]
Instead of just complying with the fringe benefits tax legislation, why not use it to your advantage? Salary packaging can maximise take-home pay and attract talent. Could salary packaging be a cost-effective way to attract and retain talent? By combining cash salary with other benefits, organisations have greater flexibility to negotiate remuneration, but that’s just one […]
If you’ve been involved in sales and marketing on any level, you have probably heard of the sales and marketing funnel. A visual way to depict the process your customers take from lead to conversion, your sales and marketing funnel is more than just a pretty picture. If you want to get the most out […]
One good idea breeds another – is what TuShare founder James Chin Moody could say about his new venture, Sendle, a revolutionary door-to-door delivery service. TuShare, a marketplace where those unwanted space robbing items can find their way to a new home, was founded upon partnerships with delivery services who made getting items from A […]
Offering emergency response, crisis and risk management services to government agencies, corporates and not-for-profits, Perth-based Executive Risk Solutions (ERS), were crowned Business of the Year at the 2015 Telstra Business Awards ceremony in Sydney last night. Scott Houston, who served in international conflicts as a former Special Air Services Regiment trooper, established the business in […]
A three-day festival is due to take place in Sydney that aims to address an urgent need for innovation in Australian business. Sound like a good cause? Well, that’s not all – all proceeds for the event will go directly to Cure Brain Cancer Australia. SWITCH FESTIVAL will take place 27-29th of August at the University […]
Business travel can turn complicated if it’s not well managed, specially when it comes to travel expenses and making sure these are under control and within budget. In the last few weeks, we’ve seen even the government struggle to manage politicians’ travel expenses. The reality is, today there is technology available that makes it easy […]
There are plenty of reasons to start your own business – being your own boss and master of your own destiny, following a passion and fulfilling a dream and vision are just a few of them. Whatever the dream, the reality of running a business is that it requires a lot of hard-work, sacrifice and […]
As the costs associated with managing a rapidly growing number of IT security threats, dealing with constantly evolving technology, the training and daily management of an in-house IT staff continue to rise, every smart business will begin to search for alternatives. As is generally the case with outsourcing, the obvious benefit to the company that […]
The Australian Retailers Association (ARA) has expressed its dismay at the Victorian Government’s decision to introduce two new public holidays for the state. The public holidays on Grand Final Day and Easter Sunday will increase Victoria’s public holidays to 13 per year. The ARA have said many retailers will be forced to close their doors […]
With consumers juggling multiple digital devices, the value in having a digital presence as well as a physical presence has never been greater. Despite this, according to the Sensis e-Business Report 2015, only 17 per cent of SMBs have a digital business strategy. The pressure on SMBs to navigate the digital sphere is building as those […]
Some of the leading causes of small businesses failures are unrealistic budget, unnecessary costs, overexpansion and ignoring debt payments. Though borrowing makes sense for start-ups, sometimes entrepreneurs are borrowing large amounts of money without sufficient capacity for returning it. Business debt is like a labyrinth, it’s easy to go in and difficult to go out. […]
You may be familiar with the expression, ‘Two brains are better than one’? Well, imagine if you had three. The good news is you do and business leaders are now realising the significant advantages that can be gained by understanding how the three brains work and how to tap into their collective power. Some advantages […]
The Australian SME market is undergoing an exciting change with more options available to business owners looking for alternative finance solutions to the ones offered by the big banks. However, the Australian Alternative Finance Industry has been flooded with inexperienced entrants mainly from offshore institutions offering quick fix cash loans to Australian SME owners without […]
Bigstone Capital, a start-up Australian loan market dedicated to small business, and The Interface Financial Group (IFG), one of the North America’s largest alternative finance sources for small businesses have signed a deal to deliver a flexible invoice finance product funded by peer-to-peer market platform. As a result of the collaboration, a range of funding […]
The Federal Circuit Court has fined a former owner of the Crust pizza outlet in Maroubra $3825 for refusing to reimburse 8 underpaid workers. The 8 delivery drivers and sales employees who worked for the former owner, Sotirios Theocharidis, were underpaid a total of $25,995 in 2013. The underpayments were discovered by the Fair Work […]
25 Factory workers at Nambucca Heads on the NSW North Coast have been underpaid by a total of $45,000 over eight years. An investigation by the Fair Work Ombudsman discovered that the wages system had been set up incorrectly resulting in miscalculations of leave accruals, leave loading and superannuation entitlements between 2007 and 2015. The […]
The phenomenal speed of change that got us to the 21st century’s technological frenzy is not going to slow down any time soon — and it is creating an uncertain future on a global business level that is naturally demanding change. We are having to evolve how we operate so that what we do aligns […]
As the mining boom continues to lose pace, Australia’s trade and investment profile is changing. While the growth of our commodities sector may have diminished, other sectors are performing well as demand for Australian products and services overseas is strong and, in many sectors, growing. Against this background, there are a number of opportunities for […]
