Competition is no longer linear. The ‘unknown unknowns’ are waiting around every corner. Every industry, every sector, is suffering from the competitor they didn’t realize they had.
“As long as women have passion and drive, and can stay strong in the face of adversity, starting a business will transform your life,” says Amanda Stevens, a leader in the small business start-ups sector.
When it comes to operational success, it’s important to keep in mind that your entire workforce is only as strong as your weakest link.
Women are starting small businesses at twice the rate of men, from the highest levels of the private sector to showing great strength and courage by starting up home-based businesses.
The need for scalable technology to drive collaboration and communication has become a key factor in business growth, allowing SMEs to compete on a scale that was previously unreachable without the equivalent recourses.
Cash flow is the lifeblood of any small business – when it’s pumping your business is healthy, but when it dries up the results can be disastrous.
Ensuring CEO payments are capped and monitored could make businesses more profitable, according to a new study from the University of Melbourne.
Before all that good stuff comes along, it seems the list of things to do – and inevitable dilemmas associated with annual close downs and the like – gets longer and more complicated each year.
While the most recent SME Confidence Report sees increased optimism over the Christmas period, growth in SMEs can be hindered by three major factors: emotional decision making, lack of attention to detail, and the business-as-a-hobby mentality.
After a year of uncertainty waiting for the federal political situation to stabilise, Australian businesses are feeling positive about the future.
