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Open Banking is here. It’s not scary, and it could save you money. I asked my 72-year-old Dad what he thought Open Banking was. With a daughter deep in the fintech industry, you would hope he’d know a thing or two about dollars and cents. Despite his enthusiasm for the topic, he thought Open Banking […]
The Digital Skills Organisation (DSO) has announced the appointment of Patrick Kidd, as its Chief Executive Officer, off the back of the 2020 Budget’s push towards digitisation for small businesses. Mr Kidd will lead the DSO as it aims to improve digital skills training in the VET system and provide an innovative and world-leading approach […]
Daniel Andrews has announced a “cautious pause” on the easing restrictions for Melbourne businesses, triggering negative backlash from the business sector frustrated that retail and hospitality opening will continue to be delayed. Victoria’s “roadmap to recovery” promised a step towards COVID-normal once Melbourne had a rolling 14-day average of below five new cases a day, […]
While China offers Australian exporters unprecedented opportunity in terms of potential customers, entering the market doesn’t come without risk. One cost-effective way for Aussie SMEs to sell to our biggest trading partner without having to establish a physical presence is through e-commerce. Selling online is a popular way to test how a product will be received in a […]
The Prime Minister has encouraged businesses to “be the best at adopting” technology but has cautioned against becoming “one big Silicon Valley.” This has elicited confusion among tech creators who question how Australia can promote technological innovation under a Federal strategy that prioritises practicality over originality. In an address to the Australian e-Commerce Virtual Summit […]
Small Australian businesses will be hurt the most if trade relations between China and Australia falter. While large companies like BHP and Rio Tinto can absorb the temporary revenue loss from lower export rates, it will be much harder for small businesses to survive. According to the latest release of ABS data on Characteristics of […]
With You With Me (WYWM) is a workforce technology platform that helps upskill veterans through training, education and recruitment. In 2019, WYWM won Deloitte’s Tech Fast 50 and Tech Fast 500 programs because of its explosive growth rate of 13,361 per cent. We sat down with co-founder Luke Rix to discuss why they founded WYWM, […]
Fewer businesses reported a revenue decrease in October compared to July, showing that businesses are stabilising as the economy recovers from the coronavirus recession. However, experts are saying this may be a sign of insolvencies to come. New data from the Australian Bureau of Statistics’ (ABS) COVID-19 Impact Report released on Thursday shows that while […]
Paypal and Buy From the Bush (BFTB) have launched an online marketplace for rural small businesses to expand their reach through ecommerce. The online marketplace connects bush businesses to consumers in cities around Australia. More than 250 small businesses have already signed up to the BFTB marketplace. Four out of five BFTB businesses are sole […]
China is the world’s first major economy to grow after COVID-19, after reporting a positive GDP for Quarter 3. The latest economic data from National Bureau of Statistics of China has shown a 4.9 per cent GDP growth in the third quarter, a positive sign after a -6.8 per cent GDP plummet in quarter one […]
Taj Pabari is the CEO of the Australian School of Entrepreneurship (ASE), was named the Australian Young Innovator of the Year in 2014 and Young Australian of the Year for Queensland in 2017 – and he’s only 21. His company, ASE, is a social enterprise that helps develop entrepreneurial skills for anyone between the ages […]
With the 2020 Federal Budget bringing news of a new instant asset write-off measure for Australian small businesses, SMEs are being urged to use the opportunity to digitise. Under the new scheme, businesses are able to claim the full value of all new eligible depreciable assets of any value which are first used or installed […]
As the public looks to businesses for the stability and guidance that many international organisations, governments and political institutions have failed to provide, there’s a golden opportunity for Australia’s small business sector to lift the bar and change how it does business. But how can small businesses walk the walk when it comes to upholding […]
Many stakeholders in the Start-up and Innovation Funding sector were delighted to see the Morrison Government enhance the value of the R&D Tax Incentive program by committing to additional investment in its 2020 Budget over the forward estimates period. That is to say, that the Refundable R&D Tax Offset rate has been significantly increased, and […]
Success looks different for each business. There is a huge variety in the business models that we hold up as success stories. The journey to becoming a successful company brings an even more diverse collection of stories. However learning about others’ secrets to success undoubtedly helps bring fresh and helpful perspectives to your own business. […]
A former rider for Deliveroo has taken the food-delivery service to the Fair Work Commission (FWC) in an unfair dismissal case. Diego Franco’s contract was terminated in April after working for Deliveroo for three years. Mr Franco claims that he was an employee and was sacked without warning at the height of the pandemic. The […]
As trade tensions with China increase, Australian industries as diverse as cotton, barley, coal and meat are being forced to reassess their export strategies. Now a new report highlights how the dairy industry plans to become less reliant on the Chinese market by focusing on ASEAN-6 countries. After prioritizing the Chinese market for the past […]
Zip has announced its partnership with Visa, Apple and Google to allow many more small businesses to accept buy now, pay later (BNPL) in store. The company’s new ‘Tap & Zip’ product feature enables Zip Pay users to shop anywhere that accepts Visa1, ApplePay or Google Pay. Unlike its major competitor Afterpay, which can only […]
The Law Council of Australia is encouraging the Government’s move away from the one-size-fits-all approach when dealing with small businesses facing insolvency to be fast-tracked. The reforms to the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 aim to establish a new formal debt restructuring process for eligible small businesses, to enable financially distressed but viable firms […]
Australian plant-based meat startup, v2food, has today announced the closing of $77 million in Series B funding, including investment from Singaporean state-owned investor Temasek. Joining the round of new and existing investors includes ABC World Asia, Altitude Partners, China Renaissance, Esenagro, Horizons Ventures, Main Sequence Ventures, Marinya Capital, Novel Investments and Sequoia Capital China. “This […]
