Small Business
Buoyed by $8 million in seed funding, Yanir Yakutiel launched a fintech start-up in November, last year, to assist small businesses under-serviced by banks and other traditional lenders. The former finance and shipping expert spoke to Dynamic Business about Sail, including the process of raising capital and its participation in the Tel Aviv Landing Pad […]
Business travel can be the best way for your burgeoning business to network and make the most of opportunities both within and outside of your home market, and it appears that many businesses plan to grow their business through international travel this year. The recently released Amex Global Business Travel Forecast 2017 predicts that global […]
Have you started 2017 struggling to get your staff involved in process improvement initiatives? If so, you’re not alone. Businesses in virtually every industry wrestle with how to engage teams in efforts to improve business processes and then, once they do get them involved, how to sustain the momentum. The good news is that employees […]
Cashflow is the lifeblood of any business and more SMBs have been destroyed through cashflow issues than from any other cause. The last thing you need is to be stressing about whether you have enough cash to pay your own suppliers when you should be running your business. So, you’re not ready to hire an […]
Many trucking companies choose to use freight factoring services. But what does this service involve, and why is it so popular? Here’s a guide to what freight factoring is and how it can help you so you can make an informed decision about whether to use it for your own company. What Is Freight Factoring? […]
Australian workplace law and employee exploitation is a topic that has received a lot of media attention in recent months. From million-dollar corporates to local franchises, it is an all-too common area for slip-ups, regardless of the size of the business. We’ve seen this become a recurring issue that has plagued high-profile names like 7-Eleven […]
As an advocate for small businesses in Australia and New Zealand, MYOB regularly asks SME owners what they are thinking and feeling about the economic landscape, government policies and generally what they want for the year ahead. Small businesses are the backbone of the economy so their mindset and well-being has a huge impact on the […]
Some industries, like construction and mining, have higher injury rates than others. However, even working in an office doesn’t guarantee an accident-free career. Here is some advice on how to avoid the most common workplace injuries: Back Pain and Body Strains Staying in one position for hours at a time, incorrectly carrying heavy loads, or […]
The number of airline passengers travelling in and out of Australia rose to 36.2 million in 2015–16. Considering the lower air fares that have accompanied with this upward trend, together with a government commitment to signing Free Trade agreements, it’s fair to say that the scene is set for businesses to take full advantage of the opportunities this affords. […]
SMEs are far more punctual in paying invoices issued by corporates than those issues by other SMEs, a leading commercial credit reporting bureau has revealed. The latest quarterly risk review of CreditorWatch – an analysis of payment data sourced from over 40,000 active customers – shows SMES take, on average, nearly two weeks longer to […]
Mobile is not only here to stay, it’s the way forward. Even the smallest of businesses now recognise the importance of providing a seamless mobile experience for their customers. But what about their potential employees? A recent survey conducted by LinkedIn found that 64% of professionals have used their mobile to search for job opportunities. And nearly […]
January is a time for reflection, marking the end of a busy 2016 and heralding an exciting new year. It’s important to use this time to recalibrate your business’s thinking on customer service and plan service goals and objectives for the year ahead to grow and retain your customer base. Questioning your company’s emphasis on […]
In this complex and fast-moving environment, a core challenge for business owners and managers is to attract and retain skilled talent. The current workforce available for hire is incredibly rich and diverse. From the tech-savvy iGen looking for their first role, to the not-yet retired Traditionalists looking to keep busy, there are currently five generations […]
The Australian Competition and Consumer Commission (ACCC) is taking legal action against an online business directory provider, alleging unconscionable conduct that resulted in numerous small businesses paying significant amounts of money for unwanted advertising. ABG Pages Pty Ltd and an individual will face the Federal Court, accused of “misleading or deceptive conduct, false or misleading […]
During the ‘silly season’ it can be easy for expenses to get out of control. Employees are starting to relax and may feel comfortable claiming team lunches or other entertainment expenses back from the business. At the same time, Christmas is a time for giving; many organisations buy gifts at the end of the year […]
Talk of a looming recession is being shrugged off by SME operators, according to the latest Business Monitor from accounting software provider MYOB. The bi-annual survey of more than 1000 SME operators found that 26% expect the economy to improve over the next year, while a further 33% expect it to remain the same. The […]
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 […]
