Small Business
Banks are overcharging and underserving small businesses when it comes to international money transfers, according to Taavet Hinrikus, Skype’s first-ever employee and the co-founder of TransferWise. He spoke to Dynamic Business while in Australia to promote TransferWise, an international peer-to-peer money transfer platform he co-founded with Kristo Käärmann in 2011. To date, the platform has […]
With the emergence of a range of new funding sources for small and medium sized businesses, it’s crucial to understand what your company’s debt funding options are and the most competitive interest rate you will be able to obtain. The following sets out the broad categories of the different funding options for businesses and the […]
Trade shows have an important role for many companies’ marketing strategies. They are places to show off your new products and services, meet clients and customers, and mix with other industry experts. But a successful trade show requires careful preparation on your part. So what should you be doing to prepare properly? Here are a […]
A cursory glance around the shelves of most stores and browsing online portals, will quickly confirm that the way products are packaged and presented has changed quite considerably in recent times. Companies like C.L Smith have evolved their packaging solutions in line with the innovations that we have witnessed, so whether you are trying to […]
While some domain names cost businesses as little as $19 to register for a two-year period, some are literally selling for tens of thousands of dollars in Australia. As a pure investment, domain names are possibly the greatest ROI opportunity that exists. What’s the value in a domain name? All domain names are not created equal. […]
By expanding its on-demand food delivery service into Perth, Deliveroo has created new opportunities for growth in the other Australian capitals where it operates, according to country manager, Levi Aron. Founded in 2013 by William Shu and Greg Orlowski, the London-based company hit it’s 100th city milestone, last Tuesday, when it launched in Perth. Deliveroo’s […]
Home-grown Business Management Systems (BMS) provider, Holocentric has outbid larger international companies for tenders in Australia by harnessing the strengths of being a smaller operation and eliminating, where possible, the need to go head-to-head with better-resourced competitors, according to its CEO, Bruce Nixon. The tech company, which has offices in Sydney and Canberra, has worked […]
Hiring skilled staff who are based offshore can transform your small business and position it for growth, but it’s a decision where you must look before they leap. A business with problematic management and poor retention, for example, will not suddenly rid itself of these issues by moving its accounts payable section offshore. Businesses are […]
In March 2015, Facebook introduced ‘topic data’, a useful tool for businesses when it comes to understanding what matters most to their audiences. Topic data is a helpful addition to any marketing strategy, and a powerful ally when utilised correctly. So what is topic data, why is it important, and how can it be effectively […]
No one wants to think about disasters but they do happen, far more often than expected. IT risks to your business include hardware and software failure, human error, spam, viruses and malicious attacks, as well as natural disasters such as fires, cyclones or floods. According to a survey conducted by the Disaster Recovery Preparedness Council […]
The benefits of outsourcing a creative project to a specialist freelancer are endless for business owners. Firstly, you don’t have to delegate the task to a staff member who might not be the most skilled person for the job. You’re also freeing up internal resources to focus on their own role. And outsourcing to a creative freelancer […]
It’s the scenario no manager wants to face but it happens all too often: an employee quits on the spot and the position left vacant needs to be filled ASAP. Usual recruitment cycles can take up to two months with job ads to create, interviewing, hiring and offering and all the recruitment admin that’s part of […]
It has always been widely accepted that small businesses are nimbler and more entrepreneurial than their big business counterparts. Indeed, much of the competitive advantage for SMEs[1] come from the fact that, with smaller headcounts and less bureaucracy, they can get work done in less time. But being nimble also means that employees, as ‘generalists’ […]
Australia’s most innovative companies are not just innovating for their external customers, they’re also innovating for their internal ones – their staff. Refusing to be like the plumber with the leaky taps, they are turning their innovation efforts inwards. The Australian Financial Review’s 2016 Most Innovative Companies list features groundbreaking innovations ranging from: a courier service that owns […]
Difficult life challenges make people stronger, if and when they are overcome. The same goes for acrimonious relationships in the workplace. It doesn’t matter how hardened you are, interacting with a difficult colleague on a daily basis causes discomfort. For some, it’s like showing up to work every day with a thorn in your side […]
In order to reap the benefits of offshoring non-core competencies, SMBs must effectively communicate the process to onshore staff while ensuring there is cultural transference, according to Scott Stavretis, the CEO of Acquire BPO, Australia’s largest outsourcer to the Philippines. Stavretis recently spoke to Dynamic Business about offshoring including the advantages for businesses, his predictions for the […]
For small and medium sized businesses, the makeup of your team can have a significant impact on overall performance. It comes down to not just having the right blend of skills but also the cohesiveness of the team and their engagement with the work that will give your business a competitive advantage. But what happens […]
‘Corrine’ is a hard worker who consistently smashes her KPIs. Over time, she becomes invaluable to her employer, who rewards her by promoting her to a position of authority. It’s a well-deserved win – simply put, she’s the best person for the job. Corrine, however, doesn’t agree. She believes she has tricked her way into the C-suite and […]
In today’s always-on, always connected world, the swift and immediate provisioning of goods and services is no longer a nice-to-have, but an absolute necessity. Small business owners, just like consumers, are becoming far more empowered, connected and informed than ever thanks to the accessibility of information anytime, anywhere. The result? They enjoy almost infinite variety […]
New research by NRMA Business Insurance[1] shows the majority of small business owners believe the emotional benefits of running their own business outweigh the financial return. The NRMA Insurance Business Owner Sentiment Study (BOSS) surveyed more than 1,000 small business owners and found they rated being the boss (66%), work flexibility (63%) and the sense […]
