Small Business
Which businesses are eligible for the commercial rent reduction?
State governments announced the commercial tenancy code of conduct last week, which aims to support businesses with commercial rent reductions. The code outlines a set of principles which tenants and landlords are expected to follow, along with Australian banks. It will be prepared for legislation this week. Is my business eligible for rent relief? If […]
Small businesses owners share their tips for working from home
With most office-based small business making the switch to working from home, we wanted to share some tips from the community on how you can make the most of the remote working situation. From trivia and quizzes to "wine downs" and group exercise, we hope these insights bring you some practical and fun ideas for you and your […]
When COVID-19 is over, reconsider foreign outsourcing…
With international manufacturing markets being thrown into uncertainty due to the COVID-19 pandemic, General Manager of Adina Watches, Grant Menzies, believes there has never been a better time to shine a spotlight on the capabilities of Australian businesses than right now. As one of the nation’s oldest watchmakers, Adina has always been advocates for home-soil […]
How to grow an international business during a global pandemic
Expanding internationally always has risks but developing a business during a global pandemic is not usually a central part of a risk management strategy. The global nature of the COVID-19 outbreak has given international businesses an unprecedented challenge, one that requires diversification and resilience. Here are a few ways you can mitigate the pandemic risk […]
How hospitality businesses can adapt to the coronavirus impact
As the coronavirus pandemic continues to have a global impact on the foodservice industry, Australian hospitality owners are encouraged to take some important steps to help them ride out the storm. Hospitality owners should be looking closely at their last P&L statement to see where the impact will be felt. If sales fall, how will […]
Sole traders and the COVID-19 pandemic: The support available
Last week we brought attention to the fact that sole traders had been missed out in the first stage of the stimulus package put forward by government during the COVID-19 pandemic. The Small Business and Family Ombudsman, Kate Carnell, called for more support for businesses that do not employ staff, saying they needed "income support […]
Why does Corporate Social Responsibility (CSR) matter for businesses?
What is CSR and why is it so important for businesses? With the ever growing social and environmental concerns of a business’ operations in contemporary society, there exists an inevitable pressure for businesses to consider what is known as the triple bottom line. In brief, the triple bottom line posits the interrelated significance of the […]
Hospitality industry calls for Uber Eats to cut commissions
There is no question that the hospitality industry has been left in disarray as a result of the current COVID-19 pandemic. One major factor that could balance the scales is a change in the 35% commission rate that UberEats, Deliveroo and Menulog are currently charging. One entrepreneur is paving the way for change, urging these […]
The not-so-negative stories on COVID-19 that give us hope
Many businesses are feeling the effects of COVID-19, and in mainstream media the negative ones have been extensively covered. We know that the global pandemic will have a detrimental impact on the economy, with the RBA making an unscheduled record-breaking interest rate cut yesterday and the government announcing a $17.6 billion stimulus package. As we […]
Free resources and help for small businesses during COVID-19
Many businesses are offering either free services or products during this challenging time that small businesses can take advantage of. These range from software, to forums to parent-specific tools. Please follow Dynamic Business for updates on these resources, which we will continually add to, and also for updates on the stimulus package and what you […]
How the Hembrow sisters built a multi-million-dollar business empire
The Hembrow sisters have established a highly marketable brand within a short timeframe of just three years, combining their skills to develop a multi-million-dollar global fashion, influencer, health and fitness business empire. Yet like any start-up venture, there are always lessons to be learnt along the way. Tammy Hembrow is one of Australia’s biggest influencers, […]
Small businesses celebrate Sydney Mardi Gras 2020
With Mardi Gras arriving in Sydney’s streets tomorrow, we wanted to take a look at how businesses are intertwining their brand with the LGBTQI+ campaign. Back even thirty years ago, businesses and big brands wouldn’t have engaged in what would have been considered a ‘controversial’ movement, but obviously now times have changed. We can see […]