#Gfc
A crisis wasted? 10 years on from the GFC
Reflecting on the decade.
Breaking with tradition: Shout Media’s Greg Vidler on why printing endures in business
Launched at the height of the GFC in 2007, Sydney-based print production company Shout Media gained traction by capitalising on increased demand from organisations for outsourced printing. It has thrived, however, by forging collaborative relationships with its clients and maintaining a diverse pool of solutions, responsive to their ever-changing needs. Co-founder and director Greg Vidler […]
Why every CEO should show kindness at work
Although it’s been one week since World Kindness Day (13 Nov), it’s important for CEOs to realise that being kind should be an ongoing commitment and obligation. Introduced in 1998 by the World Kindness Movement, a coalition of over 25 non-government organisations across the world, World Kindness Day serves as a reminder to be purposeful […]
Brace for a potential business downturn now because WHEN (not if) one hits, it’ll be too late
Would your business survive if a recession hit? While I don’t believe Australia is facing an impending recession in the immediate future, it’s not a question of “if” but “when” and there’s no better time to start planning than right now. Small business owners are often too busy to think about contingency planning, but to […]
How mentoring can help you combat industry brain drain and future-proof your business
Have you tried to hire a senior employee lately and have found the talent pool extremely limited? Trying to find senior staff in my industry – interior and architectural design – can be incredibly difficult. The reason for this stems from the GFC. When it hit, many firms in the design community put the brakes […]
How an ex-lawyer turned a $100k business into a national delivery service with $50m in sales
Daunted by the prospect of a life spent working for others, one-time lawyer Martin Halphen quit a stable job to become the master of his own fate. Propelled by ‘blind courage’, he purchased a modest fruit delivery business for $100,000, believing, hoping, it would play to his strengths. Despite some ‘hairy moments’, including a seven-year […]
Deutsche Bank bonus cuts: lessons for SMEs
Deutsche Bank of Germany recently decided to cut bonuses for local employees as it struggles to turn a profit in the wake of a large litigation bill. The litigation issue stems from the mortgage market collapse in the lead up to the 2008 Global Financial Crisis, resulting in a $7.2 billion-dollar settlement with the US […]
Christmas consumer sentiment slump
Consumer sentiment has experienced its longest run of pessimism since the Global Financial Crisis and, before that, the early 1990s recession, according to the Westpac monthly sentiment index.
Back from the brink: From administration to million-dollar profits
When Rob Dallimore returned to Worldwide Printing Solutions as CEO in 2010, the business was in bad shape. Dynamic Business sat down with the CEO to find out how the business was turned around.
Aussies becoming savvier at saving
Recent study by St. George Bank found that 45.3 percent of Australians are managing to save money, with 12.4 percent saving a considerable amount.
Businesses spawned by the GFC are wired differently
One of the most unexpected trends to emerge from the Global Financial Crisis (GFC) and the recession that followed in many nations, was the number of new businesses which started up even though economic conditions were so difficult.
Against the odds: Taking on the GFC
When the GFC hit, businesses everywhere were struck by the sudden and intense impact that the worldwide collapse had. But for Paris Cutler and her custom cake business, things hit particularly hard when she had no back up in place.
GFC has left SMEs ‘once bitten, twice shy’, report finds
Despite a degree of economic stability in Australia compared with elsewhere in the world, a lack of confidence and cost containment issues are threatening to blind local SMEs to future opportunities.
Hiring tips for tough economic times
Growth is a continual driver for business owners, but how are you supposed to know when and what to grow and what will work best for you?
Australian CEOs optimistic in first quarter of 2011
Shrugging off a stream of bad news around the globe, the YPO Global Pulse Confidence Index for Australia held steady in the first quarter of 2011, inching upwards by 0.4 point to 63.1. This marks its second-highest level since YPO began measuring CEO sentiment in July 2009, when much of the world was just emerging from recession.
Business lending declines as creditors crack down
Business-to-business lending rates have declined as creditors get strict about payment terms, according to trade credit analysis conducted by Dun & Bradstreet. It revealed that during the GFC many organisations relied on extended credit terms from suppliers to stay in business but these terms have since retracted.
Many Brisbane businesses not expected to survive Queensland floods
Many businesses, especially primary producers, are not expected to survive the recent Queensland flood crisis, according to Brisbane Accountancy firm, elliotts.
5 tips to help your business recover from disaster
For the thousands of businesses affected by devastating floods in Queensland and Victoria, as the physical cleanup is completed they now need to plan their business recovery.
Twelve factors in business to watch in 2011
With 2010 behind us and the GFC imposed short-termism of the past few years becoming less prevalent, the start of 2011 is a good time for business and political leaders to consider the factors which will shape the months and years ahead.
Unemployment to rise and businesses to fail as a result of Queensland floods
Not only have the Queensland floods devastated whole communities with water damage and loss of life, but predictions are that affected communities will be hit by an increase in unemployment followed by skills shortage as people rebuild forcing hundreds of small businesses to close.
Top 10 reasons to lease for small business
Leasing equipment can free up cash for more important needs, here are the top ten reasons to consider leasing as an option for your business.
Don’t just survive. Thrive!
Based on the results from the latest MYOB Business Monitor, things aren’t too rosy for many Aussie businesses.
A warning to retailers; stop waiting for recovery
Rather than waiting for the “good old times” to come back, it really is time for retailers to adapt to a new reality. In some market segments trading conditions will remain tough and may deteriorate further.
Cash flow management a priority for SMEs
Small to medium sized businesses (SMEs) are urged to strengthen their cash flow position now to lessen the risk of liquidity or financial distress, especially after the Australian Tax Office (ATO) is taking a tougher approach to collect outstanding tax debt.