Small Business
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
The economy needs the innovation, skills, goods and services and job creation generated by small business. As such, the government and other major players offer a myriad of funding opportunities, including grants, to support small business service provision. Small businesses are essential to big businesses with them relying heavily on small business to provide resources […]
Now that Single Touch Payroll (STP) has been live for over half a year, we wanted to know – from the perspective of small business owners themselves – how the system is benefitting businesses. Dynamic Business has covered the roll out of Single Touch Payroll extensively, including a podcast with the ATO’s Jason Lucchese last […]
Prushka Fast Debt Recovery has revealed, through data sourced from court records, that 953 businesses issued Notices of Winding Up Application during the Oct-Dec quarter. This figure increased 5 per cent compared to the July quarter, and by 6 per cent year-on-year. The Australian Taxation Office continues to be the largest petitioner, with ATO and other […]
In the wake of the recent bushfires, a number of measures have been announced by government to help fire-affected small businesses, their owners and their employees to recover and rebuild – including tax exemptions and grants. Crucially, whilst many of the grants and payments on offer would normally be regarded as taxable income (meaning that […]
There have been plenty of reports regarding the latest Black Friday sales breaking shopping records… However, this is not at physical stores, it’s online purchasing that continues to rise. So, how can retailers boost their physical in-store visits? Smart in-store analytics are helping retailers better understand customer counts and dwell times at their bricks-and-mortar sites, so […]
Data privacy is a non-negotiable in today’s workplace. But data protection can be complex to implement and difficult to monitor risk, meaning that not all organisations have the capacity or the expertise to keep up to scratch. According to the Office of the Australian Information Commissioner (OAIC), data breaches in Australia have increased by 700% […]
In Australia, we face some of the highest energy costs in the developed world and increasing energy prices are taking a toll on small businesses. In fact, energy costs and management has become one of the most significant challenges small businesses face. The problem is so pervasive that the Federal Government introduced an $11 million […]
Although all businesses aim high at the beginning of their journey, the reality is that only a small proportion of companies will make it to their intended success. Most businesses founded today are destined to become another failure statistic. At the Keys to Success event held by business management service Catapult, Mike Boorn Plener, the […]
Small businesses are currently in a unique position over large corporates. During the last decades of the 20th century and even the noughties, it felt almost impossible to compete against large corporates. The bigger the company, the deeper the pockets and the greater the brand presence. Their scale and capabilities meant they did not need […]
The biggest shopping season of the year is upon us. Black Friday and Cyber Monday may be done and dusted but before businesses can heave a sigh of relief, the next wave – Christmas and Boxing Day – is about to come crashing ashore. With an estimated $53 billion in spending still to come from […]
