News

Small businesses are being urged to take advantage of the Government’s 30 percent Investment Allowance before the June 30 2009 deadline.

A lot of people imagine being a magazine editor is all glamour and freebies. Maybe if you work for Vogue or Madison, but not so much on Dynamic Business, sadly! Today, however, has been different. Because today, dear reader, I came back to the office to find a bottle of wine on my desk. This […]

With some $200 billion wiped off superannuation books in the last 12 months, an average of $20,000 per working individual, the industry needs to bounce back from the financial crisis and shareholder empowerment is the key, says Colin Melvin, one of Britain’s leading pension experts. “As a result of this global crisis, pension funds are […]

Reports of the death of manufacturing have been greatly exaggerated, believes Ian Murray, executive director of the Australian Institute of Export (AIEx), citing advanced manufacturers Cochlear and Resmed as examples of companies that still produce in Australia, during yesterday’s panel session of the AIEx’s ‘Managing your export business in a turbulent global environment’ conference. Panellist […]

The Commonwealth Bank yesterday announced a funding package designed to support small business growth. The Small Business Investment Package will address small businesses’ short and long term needs, says Ian Narev, head of the bank’s Business and Private Banking division. “There’s a misconception out there that small businesses do not have access to the lending […]

New reports have shown that Australian families are struggling to make rental payments in the financial crisis, with many being laid off from their jobs and evicted from their houses. More than 7600 people have lost their homes in NSW while a further 28,000 are struggling to meet repayments and are flocking to the NSW […]

In response to the Government’s $13.8 billion Telepresense video conferencing plan, Telarus, the national infrastructure-based service provider has today announced the availability of high definition video conferencing and Telepresence products via its partnership with LifeSize. The new technology will allow people to do more while travelling less, thus cutting costs and improving productivity, through true-to-life […]

A report conducted by global recruitment firm Robert Walters, has shown that a company’s green stance adversely affects whether a potential employee will choose to work for that firm. The Employee Insights Survey found that 74.4 percent of professionals claimed that a company’s stance on the environment and commitment to green policies would affect their […]

In his address at the NSW Chamber of Commerce luncheon in Sydney yesterday, Rudd spoke of the financial crisis and the need for all Australians to work together to get through the downturn.
Small business owners were left unimpressed by his address, according to Sydney Morning Herald reports, with one business owner claiming the speech was “all spin and no substance.”

The retail industry experienced some much needed growth in the month of January, off the back of extended retail sale periods, along with the Government’s December stimulus package.

At it’s board meeting today, the RBA decided to leave interest rates unchanged at 3.25 percent. According to RBA Governor Glenn Stevens, demand in Australia has not weakened as much as in other countries, and the financial system remains strong. “The Australian financial system remains strong and the monetary policy transmission process is working to […]

Small businesses are increasingly turning to suburban accounting and legal firms for advice on insolvency and bankruptcy issues as the economic crisis takes hold. A survey conducted by Deloitte of Black Inc. Members (network providing specialist accounting and financial service advice) has found that 80 percent of clients of suburban accounting and legal firms are […]

Workplace Minister Julia Gilliard has launched a $12 million plan offering small business grants of between $5,000 and $15,000 to make their workplace more family friendly. The proposed grants have been designed to help retain staff in the economic downturn, along with boosting productivity and promoting family values in the workplace. Gillard said the grants […]

According to research conducted by WebVisible and Nielsen, reported by Marketing Charts, a large number of small businesses lack a visible online presence. The report indicates that although 63 percent of small business owners turn to the internet first for information, only 44 percent have a website, and half spend less than 10 percent of […]

Moody’s Investors Service has given Australian banks some not so good news, cutting it’s ratings outlook to negative as a result of a slowing economy and mounting debts. In the first time since the 1991 recession, Australia’s big four banks have had a negative outlook on their AA ratings. The ANZ, Commonwealth Bank, Westpac and […]

Treasurer Wayne Swan has predicted that the economy is set to nosedive even further in the next few months as the backlash of the failing US and Asian economies hits Australia. Swan warned that the collapse of output amongst Australia’s major trading partners will have a dramatic impact on our economic growth. Growth in the […]

Written by Phillip Waite Alarmingly, almost half of the businesses in Australia that go bankrupt do so because of their own deficiencies – they do not develop the basic internal strengths to survive. Given the current state of global economies, now more than ever, innovation has become fundamental to building this internal survival strength. Most […]

For once, I’m not whingeing. In fact I’m delighted to find out about the appointment of COSBOA’s new CEO, the young politician Jaye Radisich, today. She promises to bring a fresh energy to tackle small business issues and, at such challenging times economically, it couldn’t be a better time to have a politician at the […]

The Council of Small Business Organisations of Australia (COSBOA), the nation’s peak representative body for small business, have announced their new CEO, Ms Jaye Radisich.

I am a big fan of reality TV and I don’t care who knows it or thinks any less of me, intellectually speaking, as a result. I am a huge fan of The Biggest Loser. I love watching those overweight people giving it their best and slowly but surely, with a lot of hard work, […]