Small Business
Digital technology is driving change in the Australian workforce like never before. And while it’s creating more efficient and effective work environments, it also brings with it some unique challenges. Professions and career models have begun to morph, talent gaps are widening, and finding and retaining good-fit candidates has become more complex for businesses of […]
Internships can be a mixed bag. Done poorly and you have an intern twiddling their thumbs or doing work that really should be done by an employee. Done well however, you’ll engage some bright young people with your organisation, gain some diverse perspectives, get some value add work done and build the management skills of […]
Facebook’s recent changes aren’t the only hit brands will take this year. Changes in socials and customer behaviour means brand pages will begin to hemorrhage audience members if they don’t start to adapt. The first quarter opens the floodgates for new gym memberships, refreshed wardrobes and of course, the mass clean outs of social media […]
Security is an ever-increasing threat for organisations and individuals and with the introduction of the Notifiable Data Breaches Scheme (NDB) on Thursday (22 February), data security is now firmly on the agenda of businesses across Australia. While the scheme applies specifically to Australian businesses that have an annual turnover of more than three million […]
What do Steve Jobs, Albert Einstein and Pablo Picasso have in common? They are all thought of as born innovators. Creative geniuses. The myths and stories surrounding these three people support the notion that one is either born an innovator… or not. And if not, perhaps consider a career in accounting. (That’s a joke – […]
Recently, I was at an electronics store looking for a new alarm clock. I asked a salesperson for a recommendation and he listed off features as he ran through the options – ‘This one has extra USB docks’, ‘This is the budget option’, and so on. After he ducked off to help someone else, a […]
The ‘Holy Grail’, for many business owners, is to launch a business, grow it, sell it at a profit and retire early. Even for entrepreneurs who are committed to their business for life, the mere knowledge that they could sell if they chose provides a security blanket. However, selling a business can be a complex […]
The passage of legislation establishing the Australian Financial Complaints Authority (AFCA) will result in small businesses having access to “free, fast and binding” dispute resolution, according to Small Business Minister Craig Laundy. The Treasury Laws Amendment (Putting Consumers First – Establishment of the Australian Financial Complaints Authority) Bill establishes a one-stop shop for the resolution […]
Whether you are training to become a project manager, thinking about it, or are already one, there are certain skills and values that you should have to be the best project manager you can be. Completing a masters in project management from Brandeis University can help you build on some of these skills and ideas, […]
The incoming CEO of fintech startup Tyro, Robbie Cooke, spoke to Dynamic Business about the value he plans to create for SMEs when he takes the reins of the challenger bank at the end of March. Taking over from acting CEO Rob Ferguson, Cooke will join Tyro after departing lotteries business Tatts Group, where he […]
There’s no argument about it. Cyber security is tough for small and medium sized businesses. Most SMBs don’t have a dedicated IT staff member, meaning it falls on the owner or manager to be on top of computer security matters. One of the key milestones in cyber security is the upcoming data breach laws in […]
The benefits small businesses derive from a competitive financial system are being reduced by the regulators in their “quest for stability”, the Productivity Commission (PC) has found. The finding, contained in a draft PC report titled Competition in the Australian Financial System, is supported by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate […]
Trying to improve your business is hard and competitive business. As a small business, you don’t have the money or means to compete with the big brands – or so you thought – but in today’s digital age, there’s a way for every business, big or small, to make their mark and acquire a number […]
By the age of retirement, the average working woman will have lost $160,000 in superannuation due to career breaks, according to REST Industry Super. To determine the financial impacts of career breaks on working Australians, the superannuation fund commissioned research, including a survey of 1030 men and women who had taken a career break of […]
There are lots of great reasons for brands to write, blog and contribute articles. Companies that blog reportedly see 97% more links to their website and are 13x more likely to achieve a positive ROI on marketing efforts [2]. Consumers also want great blog content – 47% of buyers view three to five pieces of […]
The Federal Government is now seeking applications for grants of up to $7000 to help Australian researchers and SMEs work with overseas experts to develop and commercialise their projects. According to Minister for Jobs and Innovation, Michaelia Cash, the Global Connections Fund (GCF) Priming Grants empower organisations to collaborate in the global arena, link with […]
The price that is set for products and services is one of the most crucial decisions business owners and managers must make in a business. Entrepreneurs, new businesses and small business often give too little thought to this highly complex matter and the consequences can be dire. Pricing requires thought and an understanding of the […]
The peak body for Australia’s fintech industry has urged Federal Parliament to prioritise a ‘vital new source of funds’ for SMEs by expediting the approval and implementation of private company equity crowdfunding legislation introduced in September 2017. According to FinTech Australia chair Stuart Stoyan, the Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017 has […]
Leading companies across a range of sectors – including finance, utilities, government, education, automotive and telecommunications – need to lift their game when it comes to customer experience (CX), a new study reveals. CX consulting firm, Customer Service Benchmarking Australia (CSBA), studied 3000 customer interactions with 136 companies in Australia, assigning each a score out of 100 […]
The deadline has been known for more than two years, yet many Australian organisations are still woefully unprepared for new data breach regulations that come into effect next month. From Thursday, 22 February, the Notifiable Data Breaches Scheme (NDB) will require all organisations that are covered by the Australian Privacy Act to notify individuals whose […]
