A new survey has revealed that more than half of Australian small businesses are concerned that increased cost of living pressures will mean they can’t hit their summer sales targets, serving as a great reminder for consumers to support small businesses this summer. The survey by Xero also revealed that over a quarter (28.1 per […]
Good entrepreneurs thrive amid uncertainty, and economic downturns are no exception. Some of the world’s most disruptive brands were founded during the GFC of 2009, including Uber, Airbnb, Dropbox and Slack. The current COVID-19 crisis presents another unique opportunity to create new innovations, creatively solve problems and fix issues. There are three reasons why this […]
If you’re scared that the latest financial shake-up may lead to a second GFC, you’re not alone. Fortunately there are strategies you can employ to run a business in an uncertain economic environment.
Australian workers are feeling stressed and neglected by their employers as a result of a preoccupation with the economic downturn, a new survey has found.
According to a survey conducted by recruitment agency Hudson, more than half of the Australian employers surveyed indicate an imminent restructure of their business. The Hudson Report: HR Insights revealed that 55 percent of businesses anticipated reorganising their operations this year. Half of those respondents pointed to external economic pressures as the reason for restructure, […]
The number of trade jobs advertised online fell in February, according to the Olivier Group. The Olivier Job Index fell by 9.08 percent in February, with the biggest falls coming from the trades, services, transport, engineering, building and construction sectors. Online advertisements for trades and services jobs slumped by 20.33 percent during February, while building […]
A new survey commissioned by Westpac and conducted by TNS, has found that business women are less optimistic about the economic downturn that their male counterparts. The survey of financial decision makers in small and medium sized businesses found that 60 percent of women are less confident in their ability to successfully manage their business […]
Workplace Minister Julia Gilliard has launched a $12 million plan offering small business grants of between $5,000 and $15,000 to make their workplace more family friendly. The proposed grants have been designed to help retain staff in the economic downturn, along with boosting productivity and promoting family values in the workplace. Gillard said the grants […]
According to research conducted by WebVisible and Nielsen, reported by Marketing Charts, a large number of small businesses lack a visible online presence. The report indicates that although 63 percent of small business owners turn to the internet first for information, only 44 percent have a website, and half spend less than 10 percent of […]
Moody’s Investors Service has given Australian banks some not so good news, cutting it’s ratings outlook to negative as a result of a slowing economy and mounting debts. In the first time since the 1991 recession, Australia’s big four banks have had a negative outlook on their AA ratings. The ANZ, Commonwealth Bank, Westpac and […]
