Small and medium business (SMB) confidence has risen to a five-year high, largely due to an improved economic outlook, according to the latest Sensis Business Index survey. The views of 1,000 SMBS were captured by the Index, which is released by Sensis each quarter. The latest survey found that 60% of SMBS are confident while […]
Despite federal election promises of greater support for SMEs, businesses owners remain pessimistic about the Australian economy, with two in five expecting it to worsen in the coming year, the latest MYOB Business Monitor revealed. The bi-annual national survey of over 1,000 SME operators found that 42% believe the economy will decline over the […]
After a year in which the world economy experienced heightened volatility and global growth slowed, there has been a positive shift in opportunities ahead for SME exporters. Trade is still growing, albeit at a slower pace than before the global financial crisis (GFC). After relatively modest growth of 2.6 per cent last year, Efic expects […]
It has been estimated that as many as 45,000 people in NSW have earned income through the sharing economy over the last 12 months – a hive of business activity that has contributed a massive $504 million per year to the NSW economy. And this is just one state. Once argued to be the peripheral […]
South Korea is one of Australia’s closest economic and trading partners, and with its high-income economy, there is a strong market for Australia’s high quality goods and services. For Australian SME exporters thinking about entering the South Korean market, it is important to first identify the opportunities for your business and any potential risks. Opportunities […]
Today, over 20 small business association leaders are convening at Parliament House to make their case for the adoption of the hotly debated effects test into Australian competition law. Put simply, the effects test, proposed by the Harper competition review, seeks to amend section 46 of the Competition and Consumer Act by targeting business behaviour that […]
Australia’s national peak advocacy group for technology entrepreneurship, StartupAUS, has outlined its Federal policy priorities to improve capital and talent for Australian startups and strengthen economic prosperity. The recommendations were presented to The Hon. Christopher Pyne, Minister for Industry, Innovation and Science last Friday 9th October at a special board meeting. Policy action items recommended […]
A survey of over 1,200 businesses across Australia has revealed that 45 per cent of businesses are more confident under Prime Minister Malcolm Turnbull’s leadership with only 11 per cent reporting to be less confident. The report, produced by local services marketplace ServiceSeeking.com.au represents the largest insight into business confidence and economic sentiment this quarter. […]
Tech leaders have expressed new found enthusiasm and excitement following Malcolm Turnbull’s appointment to Prime Minister this week. As a founding director of Australia’s first internet company, OzEmail, Mr Turnbull’s credentials and acumen are expected to deliver a boost to tech start ups across Australia. “He understands the challenges we face in regard to tech disruption […]
The Reserve Bank of Australia has left the cash rate unchanged at 2 per cent for September. This will be the fourth consecutive month the rate has remained unchanged. RBA Governor, Glen Stevens said “the economy is likely to be operating with a degree of spare capacity for some time yet, with domestic inflationary pressures […]
