Small Business
Motivating a workforce to operate at maximum capacity is no easy task. The ability to produce and maintain thriving human capital is one of the primary factors that differentiates a prospering business from those that struggle. On the flip side, what are signs of complacent staff? 1. Engagement In any workplace, it’s natural for staff […]
When you’re a time-poor business owner whose attention is being pulled in all directions by competing obligations it can be difficult to focus on improving productivity. And while a growing customer base is good for the bottom line, if you’re a ‘one-man band’ you might begin to feel like you’ve bitten off more than you […]
Australia has long been regarded as a country which has been able to attract top international talent to encourage business growth and diversification which has been made possible through the Temporary Work Skilled (subclass 457) visa. But the abolition of the 457 scheme and introduction of a replacement program from March next year has received […]
Employers must pay greater attention to the strengths and skills of their staff – or risk losing talented employees. That was the key take-away message from a national Wellness in the Workplace survey by professional development firm PDT involving 530 employees across the private, government and non-profit sectors. Of the 27% of respondents who didn’t […]
If “location, location, location” is everything in real estate, then “preparation, preparation, preparation” is equally important when selling a small business. There are many reasons why a small business owner might decide to sell, but preparation is the one common ingredient that can make the difference between a sale and a fail. The single most […]
Getting the most out of the work day is an important goal for most employees and organisations. Maintaining solid productivity levels is one of the most important factors in keeping a business profitable. Growth in productivity not only lowers costs, it permits sustainable growth and promotes efficiency. Improving productivity is not only favourable for businesses, […]
After the Federal Budget was announced on Tuesday, 9 May, small business owners will be trying to work out what matters most to them. Here are three main things we have been reviewing that may impact how small business do business – and it is mostly for the better. 1. Less red tape It is […]
All businesses strive to a deliver great customer experience, and convenience and seamlessness are currently the winning factors for ensuring their engagement with your brand is at its best. In 2015, Forrester predicted that one-third of companies in the B2C space would compete on the basis of experiences, and change their business structure accordingly. This […]
In terms of return-on-investment, a website for your business is the most cost-effective marketing tool that you will ever have. You should think of your website as a storefront or a public-facing office. Just as with a storefront or a business office, many who come in will look for basic information – what your business […]
We all have products that keep us coming back for more. For you, it might be a simple fitness app like Strava, Instagram’s endless feed of engaging photos, or your flashy Beats by Dr Dre headphones. What these products have in common is their addictive nature – and that they’re not addictive by chance. Businesses […]
The continuation of the $20,000 instant tax write-off for small businesses will come as little surprise: the Treasurer had been hinting heavily at this in his pre-Budget briefings. However, the announcement that businesses with an annual turnover of less than $10 million can claim up to $20,000 worth of depreciating assets each financial year, is […]
Businesses that employ foreign workers will be subject to a new levy that will be used bankroll a fund for training Australian job seekers, the Government announced in the Federal Budget. From March 2018, businesses will be subject to a levy of $1200 per foreign worker or $1800 if they’re on a temporary skilled visa. In […]
Businesses with an annual turnover of up to $10 million will benefit from the $20,000 instant asset tax write-off scheme for a further 12 months, the Government announced in the Federal Budget. The extension has generally been welcomed, although there have been calls to make the measure permanent and increase the write-off threshold to benefit more businesses. […]
Every business owner has a responsibility to stay on top of – and comply with – changes to the law in their business operations. The Australian authorities don’t respond well to pleadings of ignorance, especially when it comes to businesses. So, are you aware of the latest changes to data breach notification laws? Do you know […]
In case you missed it: There’s been turmoil in the news industry over the last week with Fairfax Media announcing its latest round of journalist job cuts in what it’s calling a “major company restructure” to help it face the future. That future includes the ever-increasing impact of technology on traditional media organisations. Not surprisingly, news […]
Getting your ducks in a row when travelling can be the difference between a trip to remember, and a travel nightmare I think it was my high school teacher that told me: if you fail to prepare, prepare to fail. That’s stuck with me ever since, so now when I’m travelling I look for as […]
Ahead of this week’s Federal Budget, two-fifths of the small business community are not confident of a favourable outcome, according to research undertaken by accounting software provider MYOB. Dynamic Business asked MYOB CEO Tim Reed to unpack the findings of the company’s SME Snapshot, a monthly survey of small to medium businesses from its customer […]
It is rarely a good idea for any business to stand still and resist change as they could then find themselves at a disadvantage compared to their rivals, which is why it makes sense to see how automation can simplify yet improve your business processes at the same time. Here is an overview of the […]
Boredom is most people’s worst nightmare – and it’s the number one killer of workplace motivation. When it comes to performing the duties of any given job, the doer will have a timeline for boredom. Prolonged repetition will naturally lead their brain to a point where it says ‘thanks, but no thanks’, and then completely […]
Accountants have always suffered from a poor image. They have traditionally been predicted as dull, aloof and impersonal, and people assume they work on their own without much interference from others. They are typically right brained, methodical people who like details and numbers more than words, but having the ability to communicate well is critical […]
