Small Business
The financial challenges small Aussie businesses are facing
Small business is the engine room of the Australian economy and with the numbers of small businesses growing rapidly, allied to the explosion in the ‘gig’ or ‘sharing’ economy, there are thousands of Aussies confronting the challenge of getting a business off the ground for the first time. So, if you’re a budding entrepreneur, what […]
Only 5% of SME owners able to ‘truly’ take holidays
New research reveals that one in two SME owners haven’t taken a break from their business in over six months. 49% of SME owners haven’t had a holiday in the last six months. Over one in four (26%) haven’t had a break for at least four years. One-third (30%) of SME owners have no plans […]
Trademark lessons we can learn from Kim Kardashian
Australian entrepreneurs trying to trademark a popular word as their business brand should take heed of the legal stumble by American celebrity Kim Kardashian. The social media, TV and fashion range queen tried to trade mark the word Kimono to brand her new range of shapewear but after an enormous lash back from the public […]
5 ways to become a green business (without breaking the bank)
If you’re a business just starting out, setting up an eco-friendly operation can seem difficult and expensive, but going green doesn’t have to hurt your bottom line. In fact, recent research [1] from the University of New South Wales shows promoting sustainability actually fosters economic development for small businesses. At Sendle, we’ve done it first […]
‘Dodgy’ online reviews are a thing of the past thanks to Removify
Ever receive an unfair review online? Did it damage your brand reputation and Google ranking? Two people who understand this problem well are Andrew Whitford and Nick Bell. Andrew is a digital marketer, and his experience with brands in the past has given him an insider view of the real challenge that businesses are facing in […]
What you need to know about credit
It’s no secret that inadequate cash flow is one of the main reasons why businesses fail in Australia. Dynamic Business only recently talked about this issue last week, with new research commissioned by H&R Block found that the biggest struggles for small businesses across Australia are: ‘cashflow’ (35%) ‘marketing effectiveness’ (30%) ‘lack of support’ (19%) […]
A new year, a new plan: five ways to transform your small business
The start of a new financial year is an ideal time for business owners to take stock of the business, review progress towards growth goals, and re-align plans as necessary. While there is no one-size-fits-all approach for businesses to make their planning more effective, there are a number of key considerations that can help business […]
Enter to win a $17,000 business coaching program
The winner of this amazing prize will get a 12-month one-on-one coaching program with a Business Coach from Max My Profit valued at $17,000. PLUS, you will also get: Access to over 700 resources on the Business Excelerationׅ® hub, which is an online resource hub that members get access to 24/7. Access to an online […]
How organisations can maintain a strong corporate culture during business growth
Business growth can be a double-edged sword for organisations trying to balance workplace culture with new clients, stakeholders, incomes, and external responsibilities. It’s important that, as businesses grow, managers don’t lose sight of internal workplace culture. As organisations scale up, it can be hard to maintain the warmth, openness, and cohesiveness achievable with a smaller […]
The secret ingredient of a successful franchisee
By Aaron Smith, KX Pilates founder Many in the franchising industry believe that you shouldn’t recruit franchisees with zero business experience. Here’s why I think business experience matters less than you think. There’s a standard list in franchising that outlines what traits potential franchisees should have and ‘past business experience’ or ‘business acumen’ is often […]
Six reasons to consider trade credit insurance in the new financial year
With the global economy looking fragile and one of Australia’s largest trading partners, China, slowing down, it’s important for Australian business decision-makers to re-evaluate their position as the new financial year begins, according to Atradius. Mark Hoppe, managing director, Oceania, Atradius, said, “The start of the new financial year is traditionally an ideal opportunity for […]
60% of small businesses shut down within first 3 years: H&R Block has ‘Grants for Growth’ to stop it
With more than 60% [1] of small businesses shutting down within their first three years, Australia’s leading tax accountants, H&R Block are offering small business and start-up’s a helping hand with the initiative; ’Grants for Growth’. Now in its second year, the grant offers support to budding entrepreneurs who need an extra boost to transform […]