Small Business
By employing a multi-channel strategy, creative types who aspire to run successful businesses they can self-manage can strike a balance between genuine customer connections and global reach, according to Linda Kozlowski, the COO of online marketplace Etsy. Kozlowski, formerly the COO of Evernote, told Dynamic Business that Etsy attracts hobbyists who want a creative […]
SMEs with revenues up to $50 million will have their tax rates cut after the Federal Government struck a deal with the Nick Xenophon Team (NXT) in the Senate on Friday. Under the deal, which will cost $5.2 billion over the next four years, the tax rate for businesses with turnovers up to $10 million […]
Innovation is an underappreciated word in the world of business. Small and medium enterprises are only considered innovators when they bring something new to the market. This parochial appreciation for the meaning of innovation often means SMEs overlook opportunities to innovate. For whilst ‘innovate’ means to introduce something new, it also means to make changes […]
Businesses that can gain visibility into expenditure, automate spend management and achieve effective governance of spending policies can achieve stronger cash flow. But, for many companies, getting a tighter grip on corporate spending can present a daunting challenge. For example, Concur’s recent ANZ spend management index found that, while 82 per cent of respondents have […]
Competition reforms tabled in Federal Parliament this week backs small businesses to grow, innovate and create more jobs, according to Small Business Minister Michael McCormack. He said the Competition and Consumer Amendment (Competition Policy Review) Bill 2017 implements a number of recommendations from a landmark review of Australian competition policy to help small businesses to compete […]
Coinciding with the anticipated release of the Small Business Ombudsman’s report on its inquiry into payment times and practices, American Express has released research showing mid-sized Australian businesses owe $8 billion in outstanding payments to suppliers, with more than $2 billion currently overdue. According to Martin Seward, VP, Small & Medium Enterprises at American Express Australia, […]
Imagine a world where you have a smart travel PA that follows you around wherever you go. You can chat in the car, via Skype, or through your smartphone in Slack at home and at work. It can help you book, cancel, change search and manage every aspect of business travel. But unlike your actual […]
“Go see, ask why, show respect.” The words of Toyota chairman Fujio Cho have become renowned as the basic lean principles on which to build and run a large business but what does this mean for small to medium-sized Australian businesses? The concept here revolves around the importance of business leaders getting up from their desks […]
The numbers are in and the news isn’t great for Australian small business owners. Research undertaken for the latest Scottish Pacific SME Growth Index * shows more than half of SMBs cite cash flow as a major barrier to growth (56%). Less than one in ten are content with their cash flow and around three-quarters of growing […]
Australia’s small businesses often face a number of hurdles before they can establish successful export operations. Taking a lesson from successful exporter and music education supplier, LearnToPlayMusic.com (LTPM), small businesses exporters should follow these five steps to maximise export success. Identify the market gap LTPM’s founder, Gary Turner, had a vision when he started his […]
Australian businesses using Vend, TouchBistro, Posboss, Abacus, SalesIn, Mobi2Go or Boppl can now integrate with Square to simplify payment needs. The integration will give business owners across Australia who are using alternative point-of-sale and order management platforms the ability to accept payments with Square. Australian businesses can now access Square’s affordable hardware, fast deposits and online payment solutions […]
As competition grows, retailers have to work increasingly hard to maintain steady foot traffic in their stores. But once you attract that traffic (be it through a compelling storefront, a killer omnichannel marketing strategy, or effective word-of-mouth), you should focus on crafting a personalised experience so unbeatable that those customers come back again and again. […]
Hiring a motivational speaker to facilitate a workshop is a cost-effective way to boost employee morale, thus improving a company’s overall production. These workshops take less than a day to complete and will provide benefits that will reverberate throughout all levels of the business for many months to come. ICMI Speakers Bureau will connect you […]
Well, that was a stinking few months! Thankfully, with March bringing summer to an end, we’ve seen a cooler change and hopefully this will be a boon for workplace productivity. What effect do these sweltering few months have on your business? Earlier this month, the Climate Council released their assessment of summer 2016-17 – dubbed “the […]
It’s not always easy to take up a CEO role. It can be easier if no one liked your predecessor. It can be harder if you’re taking over from the founder and harder still if the founder is still in the business. The nature of the challenge depends somewhat on the stage at which the […]
Your website is often the first impression that a potential customer has of your brand. These days, people look online when they are searching for a product or service, and they will hopefully come across your website. This is your chance to make a good first impression. Your website is like your online business card, […]
A small business is more than a bottom line for an owner; it is often their heart, soul and passion. By taking the plunge and setting up and running a small business, all your time and energy becomes focused on making your life’s dream a success. However, with all of your energy invested in your […]
FinTech start-up Neu.Capital, which acts as a match-maker for mid-sized companies and investors, has been able to significantly reduce the cost of acquiring new clients. The company’s director Joshua Khoddami spoke to Dynamic Business about the crucial role played by marketing automation. The ex-manager of Sydney-based digital agency The Web Showroom, Khoddami co-founded Neu.Capital with Edward Jones and Cyrus Church, both […]
If there’s a job you need to fill, it’s likely the right candidate is on social media right now – but which platforms are they using, and how do you reach out to them? A recent study by the Australian Academy of Business and Social Sciences looked at recruitment processes and the unique challenges faced by SMEs or […]
The modern business environment is tough, and fraught with challenges that can make or break your business. These days, it’s not enough to simply offer a quality service or product. The characteristics that set aside successful modern businesses are simple – agility and innovation. The ability to react quickly to opportunities is paramount to the ongoing […]
