Small Business
It stands to reason that a positive media interview can benefit the reputation of your business. Likewise, negative coverage can ruin it – in seconds, if things truly go wrong. [Editor’s note: this article is the first in a two-part series by Luke Buesnel on avoiding and bouncing back from negative media. You can read part […]
When business inventory reaches the end of its product lifecycle or there’s no longer a demand for it, you need to find a way to get rid of it. Seems easy enough but companies that haven’t planned stocked replenishment properly are often stuck with large quantities of excess or outdated business stock. Also known as obsolete stock, excess […]
If you don’t want any sort of equipment to break down and leave you high and dry at a critical moment, regular maintenance is one of the key ways to ensure everything carries on running smoothly. As most hydraulic engineers would readily confirm, maintaining hydraulic equipment is particularly important, so here is a look at […]
If you are looking for a metal fabrication company for your project, finding the right company can be a challenge. Narrowing down the options is not always easy, and there are a few things that you should consider to make the right decision. The quality of metal fabrication varies from company to company, and you […]
You wouldn’t drive a car without a registration licence – so why are your driving your business without registering your most visible asset, your brand? One of the most valuable assets a business owner can own is their brand. Business owners should consider protecting their logo (visual features), name (brand identity) and tagline (call to […]
Small businesses must ensure behaviours that fuel domestic violence are not tolerated at work, and that affected staff have access to appropriate support. Doing so will help facilitate a better outcome for individuals, while minimising the financial risks associated with productivity loss and low morale, according to domestic violence strategist and solutions consultant, Lisa McAdams. […]
Modern-bohemian fashion brand Spell and The Gypsy Collective has been named the 2016 Telstra NSW Business of the Year. At the Telstra NSW Business Awards – held at Doltone House in Pyrmont on Thursday, 28 July – the fashion label, created by sisters Elizabeth Abegg and Isabella Pennefather, also took home the 2016 Telstra NSW […]
For long-term success in business, organisations must be open to the idea of reinventing themselves in order to stay relevant in today’s rapidly evolving marketplace. One of the biggest mistakes any business owner can make is to remain stagnant and resistant to change as they fear the idea of losing their original vision and authenticity. […]
In the space of five years, Jasmin Robertson has reversed the fortune of the family business she never imagined she’d run. With little industry experience, and only a $20k overdraft to work with, the Brisbanite has grown Roza’s Gourmet into a multimillion dollar brand. How did she do it? By sticking with the original ingredients […]
Whether you are starting out or your business has been established for many years, maintaining appropriate cash flow is a critical success factor. Here are some home truths when seeking business finance that once accepted will allow you to better understand and preserve your cash for the time you need it most. Rates are less […]
Australia’s organisations are facing a leadership crisis, according to a management consultant who claims mediocrity prevails because too few businesses cultivate the necessary behaviours in the people they promote. Speaking to Dynamic Business, Anthony Mitchell, co-founder of strategic advisory firm Bendelta, provided a frank assessment of organisational leadership in Australia. He also highlighted the leadership […]
When you own and operate a small business, you’ll find yourself experiencing many milestones. Purchasing a company car is often one of the significant stepping stones towards future success. The kind of vehicle you require will hinge on the type of business you run – a Ford Focus hatchback would not be particularly useful to […]
Millennial entrepreneurs are a resourceful and ambitious bunch with a majority aspiring to launch multiple businesses. However, they’re also driven by a belief in social good and the desire for work-life balance. These characteristics were revealed in a new report from Sage, which challenges generalisations about the youngest generation of business people. Sage’s Walk with Me […]
Mark Steven Grevsmuhl, the superannuation fraudster who swindled 74 people, including friends and family out of $6 million, has been hit with a permanent ban by ASIC. The ban means Grevsmuhl is prohibited from providing financial services and engaging in credit activities. This follows his conviction of multiple counts of fraud in Brisbane District Court on […]
The best way for people to learn about your company and become customers is through advertising. I won’t get too caught up in schooling you on the ins and outs of the world of advertising today. While there is much to learn, one truth stands out: if your advertising isn’t working, you’re doing it wrong. […]
Business can be a funny beast. One minute you’re hard at work running your business a certain way and then, seemingly out of the blue, a potential new direction presents itself. A number of incidental circumstances can lead to these turning points. It could be that a customer need sparks the idea for a new […]
How do you differentiate your business in a crowded market whilst competing with larger, ‘powerhouse’ organisations? This is a question facing smaller operators in the aged care industry. There’s no doubt, with the ageing population in Australia increasing as rapidly as it is, the aged care industry is in turn growing with no signs of slowing down. In […]
As competitors and market expectations keep moving ahead, standing still as a business means you’ll be in danger of being left behind. The focus for many organisations then is on how to turn business process improvement into something that is truly embedded in the way the business runs. The real value comes when business process […]
Get the details in the IDC InfoBrief – Thriving in the Digital Economy here. IDC surveyed decision makers around the globe to find out how new technology is changing business. IDC InfoBrief, sponsored by SAP, Thriving in the Digital Economy, February 2016.
Running a small business is a stressful job at the best of times but in 2016, small business owners are having to navigate the treacherous waters brought about by a rapidly changing and ultra-competitive market. A Westpac report published recently found trading conditions for Australian SMEs collapsed 14.4% over the second quarter this year. […]
