Small Business
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 […]
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 […]
With the news of the 2020 Federal Budget bringing forward the Coalition’s three-stage tax cut package, Payroll SaaS platforms are working to implement the new tax tables into their services for their small business customers. The Australian Taxation Office has announced that as the changes have been made part way through the income year, employers […]
Melbourne business owners are displeased with Premier Daniel Andrews’ plans to keep customer-facing businesses closed under his government’s latest COVID-19 response plan. In a press conference on Sunday, the Premier announced Melbourne’s newest roadmap out of the pandemic, along with which came news that customer-facing businesses may not open until November 2. There will be […]
Australia’s unemployment rate increased to 6.9 per cent in September, however Australians should be focusing on another more troubling labour statistic. The latest ABS data showed that the underemployment rate also increased to 11.4 per cent in September (3 pts higher than a year ago). “Even before the pandemic, underemployment in Australia was persistently high,” said Matt […]
Phase 2 of the Coronavirus SME Guarantee Scheme commenced on the 1 October 2020 and includes a range of new measures to support businesses applying for loans. We examine what the Phase 2 changes mean for your business and how you can apply. What is Phase 2 of the SME Guarantee Scheme? The Government has […]
Governor of the Reserve Bank of Australia (RBA), Dr Philip Lowe, made a speech this morning encouraging Australians to spend more money to assist the stimulation of the economy. The speech addressing the annual Citi Australian and New Zealand investment conference also outlined the RBA’s plans to raise the cash rate, saying it will not […]
We live in an age of belief-driven buyers. Increasingly, consumers worldwide are making purchase decisions based on the impact they have on the world and on their health, and are seeking help in making sustainable choices, according to Nielsen’s 2018 report, “The Evolution of the Sustainability Mindset.” And yet that belief is tested every day — from reports of […]
Understanding how to grow your business is difficult, however understanding how to grow your business beyond domestic borders can be even more daunting. As technology opens up a multitude of global partnership opportunities and communication channels, knowing where and how to start can be critical to your business’s success. This week we ask: ‘What are […]
Dr Farzaneh Ahmadi is the CEO and Founder of Laronix, an Australian stratup creating Bionic Voice: the world’s first smart, wearable (non-invasive), artificial voice box that gives people who have lost their larynx, their voice back. So far, Dr Ahmadi has raised over $1 million for Bionic Voice, and has guided the technology from inception […]
With the Australian Government putting pressure on small businesses to digitise amidst the COVID-19 recession, more SMBs are looking for support to build an online presence. AppsVillage (ASX: APV) creates mobile apps from SMB Facebook and Instagram pages. The apps created using the tool aim to assist businesses to interact with their customers, and create […]
Finance leaders from mid-sized businesses (100 to 999 employees) are known for keeping a watchful eye on nuanced signals and indicators of potential risk. And yet recent results from a survey conducted by Oxford Economics and SAP of small and mid-sized businesses found that roughly half of finance executives from mid-sized businesses cite risk management […]
As we continue to navigate the impacts of the global pandemic, Export Finance Australia is supporting Australian businesses with access to finance. Without a doubt, new challenges have emerged – from difficulty in fulfilling international orders to the loss of a steady customer base. As a result, many exporting or supply chain businesses need additional capital to help them stay on top of […]
Five Australian startups have been shortlisted from a record number of international applicants to participate in FoodBytes! Virtual Pitch 2020, Rabobank’s global food and agri startup discovery program. The Australian-based companies are among 45 food and agri startups, from across 14 countries shortlisted from 340 applicants from around the world. Successful applicants will become a part of […]
Guest authored by Sam Allert, CEO of Reckon With 23 per cent of small businesses concerned they won’t exist this time next year without Government support, there were many eager business owners waiting to hear what the Budget delivered on Tuesday evening. A pre-budget survey conducted by Reckon interviewed over 1000 small businesses and found […]
Whilst largely satisfied with the way the Budget has catered for women, female founders are saying there is room to create greater opportunities for support. The landmark 2020/21 Budget on Tuesday evening included $231 million for the second Women’s Economic Security Package. This includes $35.9 million to increase the number of co-funding grants to women-founded […]
Guest authored by Brooke Jamieson, Head of Experiences at smart spaces platform PlaceOS. The pandemic has accelerated two ongoing trends: a decline in the traditional use of real estate, particularly retail, and an increasingly flexible approach to work. For example, a recent Retail Market Overview by JLL reported that vacancy across the Australian core retail […]
The fourth annual NSW Small Business Month has now launched, providing hundreds of free and low-cost activities across NSW and a chance for businesses to reboot and recover. Premier Gladys Berejiklian noted that this is an opportunity to support small businesses and focus on the future of commerce in NSW. “Business communities have faced unprecedented […]
The number one concern for female entrepreneurs prior to COVID-19 was funding, but now it’s simply business survival, reports a new international study, Future Females 2020: Changing Landscape of Entrepreneurship Survey. Within the first month of the pandemic, 59 per cent of the Future Females community had experienced a negative financial impact on their business, and […]
The Federal Government has announced new insolvency rules that will allow small businesses to stay afloat whilst restructuring debts. This new insolvency regime is proposed to start from 1 January 2021, following the lifting of temporary insolvency measures introduced in March 2020. Related: Government extends temporary insolvency and bankruptcy protections Incorporated businesses with liabilities less […]
