Innovation strategy is an elusive concept to many businesses. People talk a lot about it but fail to actually commit to harnessing their innovation efforts into specific areas of focus. Instead, “blue sky” brainstorms are held where any idea is a good idea, and innovation fails to be deliberately focused around anything. Innovating in this […]
Choosing an office space for your business is not only a huge decision, since the place where you conduct everyday affairs leaves a strong impression, but it’s also complicated. You’ll need to take into consideration proximity to transportation, what your budget will accommodate for rent, and what size space you’ll require. However, if you remain […]
When you imagine a construction worker, would you think of that person as male or female? It’s perhaps not necessary to state the assumed response to that question because we have been educated to pigeonhole men and women in particular industries. As a result, women are largely underrepresented across a number of industries in the […]
It’s crazy. You just bought new machines last year. Why are you being asked to buy more? It’s a fact of life though. It seems like when you start spending money, you just can’t stop. But, that doesn’t mean you have to just open up the floodgates and commit financial suicide. Here’s how to get […]
The legal industry is one steeped in tradition. Like our elders who will never give up on the feel of a newspaper for an iPad app, law firms that have been around since the year dot turn a blind eye to advances in technology and changing consumer behaviour, instead choosing to nurture convention. For them, […]
There are many challenges facing small businesses and, with the New Year well underway, now is a good time to start addressing these head-on in order to build a stronger business. Whether you are a small enterprise just starting out or a mature business looking for additional growth, there is no shortage of challenges that […]
You’ve got the idea, you’ve done the research and your plans are ready and waiting; but finding someone to invest in an untested business model seems nigh on impossible. It’s the usual conundrum. A recent report from the UK suggested that despite high levels of confidence amongst younger entrepreneurs, many are being held back by […]
Startups and small businesses play a vital role in Australia’s economy. According to the Australian Bureau of Statistics, SMBs make up 96 per cent of all Australian businesses. As a former small business owner and now an executive who works closely with startups and small businesses, it’s been encouraging to see the Government support Australia’s […]
Australia is lagging behind in the innovation stakes, ranking 17th for 2 years running in the Global Innovation Index 2015. We are being overtaken by the likes of New Zealand and even smaller markets like Luxembourg amongst a range of criteria, such as business sophistication, infrastructure, human capital and research and creative outputs, amongst others. […]
Current Insolvency provisions under the Australian Corporations Act impose a duty on Directors not to trade while insolvent, but also not to trade in a manner that will lead it to insolvency. Although this may not appear too onerous an obligation, it can actually be trickier than it seems. Some companies regularly flirt with insolvency, […]
