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A study shows the percentage of businesswomen at the helm of the top 200 ASX-listed companies has gone backwards in the past year. Australia’s finance sector is struggling to shake its male-dominated image, with the number of female ASX 200-listed CEOs falling in the past 12 months. Woman accounted for 6.0 per cent of chief executive […]
For the first time Australian SMEs are more likely to use a non-bank ahead of their main bank to fund their 2019 growth plans, according to a national survey of more than 1000 businesses. The September 2019 SME Growth Index, to be launched this week, is conducted by banking analysts East & Partners, on behalf […]
The holy grail for many business owners is to get to a point where they don’t have to work in their business, giving them the freedom to pursue other interests and even take an entire year (or longer) off. Many owners harbour dreams about going to live in another country for a year, or spending […]
In a four-part series, Dynamic Business talks to The Sharing Hub’s startup community about their businesses and their story with using an accelerator programme. In part 2 of the 4 part series, we speak to Michael Rosenbaum, Founder and CEO of Spacer and Co-Founder of The Sharing Hub itself. The Sharing Hub is a community […]
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has reminded small businesses they have until 30 September to adopt Single Touch Payroll (STP). Small businesses with 19 employees or less are required to make the transition to STP by the deadline in two weeks. STP became mandatory for small employers on 1 July […]
Stripe, which builds economic infrastructure for the internet, is raising $250 million in additional funding—at a new pre-money valuation of $35 billion—from investors including General Catalyst, Sequoia, and Andreessen Horowitz, among others. Stripe will use the capital to accelerate its growth in three key areas: accelerating international expansion; growing its product suite; and extending its […]
All four of the big banks expect another cut to the country’s cash rate when the Reserve Bank of Australia meets on October 1. NAB analysts on Friday revised their initial forecasts of cuts in November and February to October and December, predicting the cash rate – currently at a record low of 1.0 per […]
Nine out of 10 Australian businesses employ under 20 workers, making us a nation of small businesses. While there is a multitude of positives in running a small business, there are also many pressures including managing employees, servicing customers and dealing with suppliers, which means there are a lot of plates to juggle. It’s easy […]
Gemma Crowe founded Infamous Swim, an online swimwear brand for women, men and their children, in 2018. She witnessed her business’s Instagram blow up overnight – literally – with hundreds of thousands of users (now a 233k following!) clicking the follow button. The brand was launched initially with no more than a few thousand followers, […]
Australians are encouraged to thank and nominate successful women in business to be part of a significant milestone – the 25th Telstra Business Women’s Awards. Nominations are now open for the program, which celebrates and recognises exceptional women in leadership across all sectors, including: small, medium and large businesses, public sector, academia, for purpose and social […]
The concept of robots in the workplace was once more akin to science fiction than reality, but today automated processes are increasingly becoming ‘business as usual’ for organisations seeking greater operational efficiencies. In fact, a recent report by UiPath and The Economist found that over 90 percent of organisations use technology to automate processes, such […]
Managers need to be prepared for the extra work and responsibilities that accompany growing business, and put into place the right strategies and mindset to facilitate positive and successful growth, according to SAP Concur. Fabian Calle, General Manager, SMB and Nationals, ANZ, SAP Concur, said, “SMBs looking to expand need the right tools, plans, and […]
Xero, the global small business platform, reports that late payments to Australian small businesses have seen an improvement. An analysis of hundreds of thousands of anonymised invoices by Xero Small Business Insights reveals a nearly 2.5-day decline in late-payment times in July across Australia. This is the biggest June-to-July drop in three years. Businesses waited […]
Bosses who deliberately steal money from their employees’ pay will face criminal penalties, but genuine mistakes won’t be punished. But Attorney-General Christian Porter says employers who make genuine mistakes and fix them quickly will avoid a criminal record. The coalition government is releasing a discussion paper on Thursday looking for community feedback about wage theft. […]
In this podcast episode, we interview and chat with Olivia Molesworth, who is the youngest female fintech entrepreneur in Australia at age 23. Olivia founded Bromleigh Capital last year when she identified a need for young Australian eCommerce startups to access capital in order to scale. Bromleigh Capital is the first ethical financier for eCommerce […]
Australia’s startup scene is booming. In fact, it is quickly becoming recognised as one of the most attractive countries in the world to launch a startup and was named fifth in the StartupBlink Startup Ecosystem Rankings 2019 report. Although the failure rate of 90% can be daunting, there are a number of ventures that make it past […]
In Australia, all employees are currently entitled to parental leave provided that they have worked for their employer for at least 12 months (this is slightly different for casual workers). This entitles employees to to 12 months of unpaid parental leave. As well as this, the government will give eligible employees who are the primary carer […]
Applications for the Chivas Venture 2020 are now open – enter before 31st October 2019 for your chance to win a share of $1M Leading blended Scotch whisky, Chivas, has announced the launch of the 6th year of the Chivas Venture – a global competition that gives away $1 million in no-strings funding every year […]
Some of the most profitable and ultimately sustainable companies are focused on collaborating for the good of the community, rather than their bottom dollar line. Why? Well, it’s a reflection of society. The Australia Giving 2019 Report, recently released by Fundraising and Philanthropy in Australia, found that 35% of Australians have volunteered in the preceding […]
The operator of a Victorian Coffee Club franchise is being taken to court after allegedly underpaying two workers more than $15,400 and proving false records. Two staff allegedly underpaid more than $15,400 at a popular coffee chain outlet have started legal action against the Victorian operator. Edison Peng and his company JMSL Pty Ltd, which […]
