Small Business
The Victorian Small Business Commissioner, Judy O’Connell, provided Dynamic Business with insights into the state’s small business sector, including barriers to growth and the need for owners to prioritise mental health, ahead of her appearance at the Vodafone National Small Business Summit on Friday (25 August). DB: What will you be speaking on at the summit? O’Connell: […]
Managing inventory is an essential part of your business, however, it can be a drain on your cash resources. It can also make you lose orders if you don’t get it right, which is why it pays to know where you stand with your stock control. Here is a look at some potential ways to […]
“There’s no such thing as bad weather, only unsuitable clothing.” So goes the saying. Most indoor workers gaze wistfully out of the window on fine days but are happy to stay at their desks when the rain teems down. Outdoor workers have to make the best of all weathers, and suitable clothing (and other equipment) […]
In today’s ever increasing online world, domain names have become one of the most important business assets for sales to consumers, contact with and promotion of businesses; however, many businesses do not turn their mind to the protection of their domain names, leaving themselves exposed to cyber-squatters or tactical competitors and loss of potential business […]
Would your business survive if a recession hit? While I don’t believe Australia is facing an impending recession in the immediate future, it’s not a question of “if” but “when” and there’s no better time to start planning than right now. Small business owners are often too busy to think about contingency planning, but to […]
Australia’s exporters are more optimistic about the year ahead than they were six months ago. That’s one of the key findings of Efic’s latest Exporter Sentiment Index – a survey of more than 1,200 SME exporters. Nearly half (46%), believe the economy will be better in the next 12 months than it was in the […]
Does your website generate sales? I mean – lots of sales? According to EY, in 2017 94% of consumers research products and services online. So with that in mind, if you are like most businesses, you really should be getting more sales. And if your website is not converting into sales, even if it looks […]
You’ve done the hard yards washing hair, booking appointments, and sweeping floors. Now it’s finally time to work for yourself. As a hairdresser, there’s plenty of opportunity to grow your own business, from renting a chair, to opening your own salon. Just as important as growing your business however, is protecting it. In this article, […]
Australia’s continued economic relationship with China is showing little sign of slowing down[1], with the country – our biggest trading partner – investing in Australia at a level not seen since before the global financial crisis. There are, undoubtedly, valuable export opportunities for Australia’s small business sector not only in China but also in the […]
Leadership is something that often looks easy… but only if you’re watching great leaders. For the average person, the ability to lead is something that can take years to learn and even longer to master. As a young leader, leading teams can be stressful, confusing and at times overwhelming; however, there is a key to […]
It’s a common refrain when businesses are looking to justify a cut in the travel budget: why spend on physical travel when we can meet with the same people using conferencing technology? At first glance, replacing corporate travel with virtual meetings makes sense. The financial cost evaporates, the stress involved with travel disappears, and the […]
Those of us planning on flying in the next few weeks – either domestically or internationally – are probably a little concerned. We’re hearing horror stories left, right and centre about heightened security, hours of delays and missed flights. So how can you ensure that your business trip runs smoothly and how can you adjust […]
Collaboration is a ubiquitous word in the modern business environment. We no longer work with our colleagues; we collaborate with them. We partner internally to save time, reduce costs or to extend our reach and call this collaboration too. What of collaborating with other brands or even—whisper it quietly—our competitors? See also: Two brands are better […]
Business insolvency is a very real risk for many small businesses but countless business owners are not spotting warning signs early enough. The reality is that around 60% of businesses don’t make it past the first three years, which is why business owners should seek help early on to ensure their financial health. But first, […]
When small businesses engage with large enterprises, standard form contracts often leave them with no room to negotiate. Small businesses are left with the choice of either accepting terms heavily weighted against them, or terminating a deal that would be valuable for their business. To protect small businesses from backing into a corner, the unfair […]
Small business owners are increasingly embracing the 80:20 travel trend, whereby 80% of their holidays are reserved for leisure with the remaining 20% dedicated to work, according to Xero’s Travel Habits Report. Key findings from the report, which compares the travel habits of 400 working Australians and 400 small business owners, include: 48% of business […]
Whether you are travelling for business or pleasure, most of us know travel insurance is essential. But many people don’t know there are things you can do that will make a big difference for your bottom line, not to mention your wellbeing. Here are my top ten: Consider a multi-trip or annual policy If you’re […]
Influencers continue to re-shape the media industry as an increasing number of businesses enlist them to fuel business growth and customer engagement. As the director of a PR agency, I have recognised the power of influencer marketing to reach client’s target audiences and start real conversations with consumers. The rise of influencer marketing can be […]
Female founders are outnumbered three to one in Australia’s startup ecosystem because they often lack the support of a strong network of ‘door openers’, according to Fiona Boyd, the CEO of Heads Over Heels. She explained that Head Over Heels, an Australian not-for-profit founded in 2010, provides female entrepreneurs with a “powerful platform” to scale – and […]
The mantra of many successful entrepreneurs is the idea that you must spend money to make money. It is also one of the biggest reasons that some people fail to act on their business aspirations, because they believe that they don’t have the money required to take their business to the next level. I believe […]
