The Jolly Group is becoming the first café group to raise funds on online investment platform Birchal. The Victoria-based, family-owned business comprises of The Jolly Miller Café & Patisserie, with 12 company-owned non-franchised outlets in Victoria (and a further 6 opening in 2020) and its wholesale kitchen Fig Food Co, which services hundreds of cafés […]
Byline: David Link, CEO & Founder of Verrency Overseas expansion is often considered for homegrown companies looking to increase their revenue and customer base. While the lure of international expansion can be promising, it is no easy path in understanding a new environment and also being able to upscale existing operations. Your capital and human […]
Australia’s largest online jobs marketplace, Airtasker, has completed a $33 million funding round to bankroll the company’s first overseas foray, with an expansion into the UK. Airtasker had already been enjoying a milestone year, with the formation of strategic partnerships with IKEA and eBay plus the introduction of income protection insurance for its workers. The […]
Last year, one of my colleagues built two semi-detached houses, wanting to sell one. His question to me was: How do I sell it to a Chinese buyer? There’s an implied understanding in that question that Chinese buyers will pay a premium to acquire a property. Besides possible higher premiums, the other reason to target […]
The continuation of the $20,000 instant tax write-off for small businesses will come as little surprise: the Treasurer had been hinting heavily at this in his pre-Budget briefings. However, the announcement that businesses with an annual turnover of less than $10 million can claim up to $20,000 worth of depreciating assets each financial year, is […]
On recent business trips to Silicon Valley, we’ve met with a number of investors, lawyers and other advisers who are active in the start-up community. These meetings have yielded some very interesting lessons for Australian start-ups, particularly those seeking to expand into the US market or take on US investors. Here are the key highlights: 1. […]
The Australian export market is buoyant, having grown by 4.2% in 2016, according to the latest figures from the Australian Bureau of Statistics. This is an excellent example of the hard work and innovation that is making Australian small businesses a global success. Yet small businesses still face a number of challenges before they grow successful […]
Business is good: that thought is music to the ears of many business owners. When things are going right, it’s hard to ignore the money rolling in hand over fist. Yet, just because a business has tasted a modicum of success, this does not mean that it is time to relax. When a business is […]
It’s an exciting time to be a small business involved in exporting. With the weaker AUD boosting Australia’s international competiveness in many industries outside of mining, and a host of new free trade agreements opening up entry into foreign markets, there are many great opportunities for small and medium-sized enterprises (SMEs) thinking about expanding overseas. […]
Setting ambitious growth targets for the new year can ensure you hit the ground running, but the effort could be wasted without the cash flow to fund them. The coming Christmas and New Year break is the perfect time for businesses to assess this year’s results and set priorities and growth targets for 2016. A […]
