Small Business
Companies can be such well-oiled machines they become just that: machines. Highly programmed to produce work at an exhaustively efficient rate – exhaustive to the staff, not the company, of course. Every employee is just one minor component; helpful to the overall operation but completely replaceable once worn out. These soulless environments can chew you up […]
To run a successful farm, you have to find ways to cut costs while still maintaining the quality of your equipment. This can be a tough challenge for many farmers, especially those who run smaller farms without a lot of cash at hand. The good news is that there are several ways you can find […]
Australia’s mid-size businesses are missing out on $6.12 billion in growth opportunities annually due insufficient or variable cash flow, according to new research from American Express. The company’s new report, Behind the balance sheet: unlocking hidden value in credit, involved a survey of 355 Chief Financial Officers from companies with annual revenue values between $2 […]
When trying to grow a business, it’s tempting to put most of your efforts into finding new customers. However, in many cases it can be more lucrative to encourage repeat business from existing customers. In fact, attracting new customers can cost you five times more than retaining existing clients, so it makes good financial sense […]
Australia has over 2 million small businesses and every day, over 500,000 of them are playing Russian roulette with their livelihoods. Okay, maybe that’s a bit of existential hyperbole, but they’re definitely risking a few toes and they are crucial in maintaining balance. A study by the Australian government found that 26% of small and medium businesses lack […]
Being agile in business today means you’re flexible, fast and adaptable. While agility has been a necessity in the fast-moving world of software development for some time, creating a structure that allows for rapid innovation is good for any business, regardless of the industry or functional area in which they operate. So how does an agile approach […]
Business development involves activities that enhance the value of your brand, such as capturing market share and nurturing relationships with internal and external stakeholders. Regarding the latter, without feedback from clients and employees, it will be difficult for organisations to determine the direction business development should take. Here are five ways to attain your business goals through feedback: Improve Employee Workflow […]
Smart organisations are always looking for ways to retain their top talent – and job sharing is an excellent (albeit, little understood) retention strategy, especially when it comes to career-minded women, Endi Frydman, founder of OneJob TwoMinds told Dynamic Business. For those unfamiliar with the concept of job sharing, it’s where a company employs two people […]
As the dust starts to settle on what has been an astounding US election, the question on everyone’s lips is how will global trade be affected? Let’s face it, the protectionist policies that helped propel Donald Trump’s vote in Middle America will have far-reaching consequences for the global economy and global alliances – if implemented. Nevertheless, we need […]
The commonly held belief that small business owners are too busy to take substantial holidays is at odds with new research from Xero. The cloud accounting provider’s Working Parents Report, which involved a survey of 1248 Australians, found that small business owners with children will have more time off than other working parents this summer. […]
If the industry your business operates in regularly appears on the ‘least trusted’ list, how do you create trust to ensure viability? Without trust, it is difficult to turn a profit, let alone grow your business and build your reputation. Are you doing enough to actively foster trust, earn a client’s business and engender loyalty? […]
With the festive season already underway, there’s a range of workplace issues and obligations small to medium business should be aware of heading into Christmas. Below are a few things business owners and managers can get right over Christmas and set up for a successful 2017. 1. Say Thank You in a way that’s personal In […]
When I first came to Australia knowing no-one, Public Relations (PR) was one of the main tools I used to build my business. While I still believe in the power of PR, it has evolved dramatically since I first began. Furthermore, it is still being mythologised, leaving business owners uncertain as to how it works, […]
Two in five SME owners either operate multiple businesses or plan to, according to new research from MYOB with Tim Reed, the cloud accounting provider’s CEO, declaring “the great Australian entrepreneurial spirit is alive and well.” Findings from MYOB’s latest SME Snapshot – a survey of 589 business owners – indicate that a quarter of […]
With a portfolio worth $50 million, property developer Johnson Tran is the textbook definition of success… but the 29-year-old Melburnian’s tale is anything but ordinary. Unlike many of his peers, Tran didn’t benefit from an affluent upbringing; rather, he is the son of immigrants who fled communist Vietnam on a boat and arrived in Australia […]
Most people dread having to make a call to their health insurance provider or their car insurance agent. For small business owners, navigating the realm of business insurance can be even more daunting–but it doesn’t have to be. Armed with some basic information, you can confidently make the best insurance choices for your small business. […]
Innovation: it’s a buzzword commonly heard in the realm of business, and for good reason. Entrepreneurs are encouraged by their mentors to innovate; the word appears in slogans and taglines across the web. So just what is innovation, and why is it so critical to the success of your small business? What is innovation? Most […]
Although business trips may sound exciting at first, often they are so packed with appointments that it can be hard to find time to relax. It’s important to make the most of your time away so here are six time management strategies for work trips: 1. Keep your itinerary on hand If you’ve pre-planned your […]
Women who want to rise to executive roles, start their own business, or gain more credibility and confidence at work should not overlook a Master of Business Administration (MBA), as it can offer benefits that can otherwise be difficult to gain. Recently, women have risen to make up more than 40 per cent of business […]
Since making the tough call to completely rebrand and rebuild their social travel app, last year, Ryan Hanly and Mark Cantoni have enjoyed global success. Now used in over 180 countries, Travello (previously known as Outbound) increased its valuation to $4m in August off the back of their second funding round. Hanly, the company’s co-founder and CEO, also […]
