#Small Business Advice
Why this economic downturn is the best time to strengthen your business
What can businesses do to ensure they emerge as victors of the downturn rather than a casualty?
Tough road ahead: Can an online marketplace power your biz through FY23?
Bringing third-party sellers on board can allow retailers to secure a larger share of the shrinking consumer spending, writes Bradley Austin.
‘Less is more’ according to customer research
New research by The University of Western Australia finds customers prefer when businesses adopt the “less is more” mindset.
New insolvency laws: 4 actions small business directors must take
There are four key actions that small business owners should take immediately, to ensure they are well positioned once they, or their suppliers, come off JobKeeper this month.
Selling your business? Two mistakes to avoid in your valuation
A business seller needs to look at the risk factors a potential buyer is worried about – and vice-versa…
How SMEs can avoid common financial pitfalls by managing cash flow
Setting up a small business can be an exciting yet daunting experience. By the time you actually launch your business you have likely experienced a lot of uncharted waters, sleepless nights, caffeine highs and are generally left questioning your overall sanity. Trust me I know. In 2008 my brother and I started our business, Credit […]
5 Mistakes entrepreneurs make when launching new marketing campaigns
Starting a business is no simple task—there are often few or no guidelines to follow, the risks are usually high, and the pressure is always on. Despite this, while most entrepreneurs consider digital marketing to be an incredibly important part of success, only a precious few consider receiving formal training in the subject. As a […]
Old school vs new digital marketing
It wasn’t too long ago that ‘trends’ referred exclusively to what one would see in a fashion catalogue, and ‘hash tag’ was the disused key on a handset phone – is it a case of get-with-the-times, or die?
Getting customer satisfaction – Part 1
As a general rule, word-of-mouth customer experiences can sometimes travel faster than any cost-driven marketing campaign and can affect the reputation of a business. Here’s how to keep customers happy.
Manage cashflow for the benefit of growth
Life as a small business owner is challenging. Confidence levels have fallen and cashflow remains a key concern. Cashflow is one area in which some simple changes can have a marked benefit. Here are 10 ways to improve how you manage it.
Feel the fear and do it anyway
Setting up a business can be daunting, but don’t get turned off by a little nervousness. Here’s how to overcome some of the common negative thoughts that can get in the way of you starting-up.
The Friday SMB wrap-up: The week in review
Welcome to Friday, small business owners and entrepreneurs! Join us in taking a look back at the week gone by, and catch up on any important headlines you might have missed. This week, the 2012 Telstra Business NSW Award winner was named, it was reported that economy-wide spending rose in June and confidence in the Federal Government fell, again.
Go for growth: Tips from experts for managing business growth
Growth can be a thorny topic. If it’s not planned for it can leave you reeling and unable to keep up. But planning for growth isn’t always possible. Sometimes it just, well, happens! Here, a range of experts share their tips on growing your small business.
The Friday SMB wrap-up
Welcome to Friday, small business owners. Here’s your weekly wrap-up of the most important SMB headlines of the last 7 days. This week, the RBA cut the official cash rate by 0.5 percent, Microsoft was named Australia’s best employer, and business confidence fell – again.
What do start-ups really need to get off the ground?
When starting a business, capital is thin on the ground. It’s tempting to either cut corners or, on the other hand, to overspend to make a good impression on new customers. Before you get the credit card out, read these expert words of advice.
Dynamic Business editor invited to meet with Small Business Minister
Dynamic Business editor Jen Bishop has been invited to sit down with NSW Small Business Minister Katrina Hodgkinson this week to discuss the future provision of small business services in the State.
Small business owners don’t want our events, says Small Business Minister
Yesterday Dynamic Business broke the story that the NSW State Government is canning its small business mentoring programs as well as its popular small business events. This morning we received a statement from NSW Minister for Small Business the Hon Katrina Hodgkinson…
EXCLUSIVE: NSW cuts Government support for business owners
Dynamic Business has learned that NSW Trade & Investment has today confirmed it is cutting all of its small business event programs. These include Small Business September, MicroBiz Week, the Young Entrepreneurs program and, ironically on International Women’s Day, the Women in Business mentoring program.
What’s your New Year’s business resolution?
We asked a variety of SME owners to tell us what they’ve learnt about their business this year and to share their resolutions for 2012. There’s some great food for thought for everyone here.
Adaptable SMEs enjoy financial rewards
Changing market conditions mean small business owners need to be more adaptable, and a survey has found those that manage this are enjoying greater financial rewards.
How to make big decisions
Rick Mapperson blogs about tackling those big business decisions. “Decisions involving money or long-term investments are always hard. For you that might mean increasing your business’ marketing budget, purchasing property, altering your budgeting or spending, agreeing to take out personal insurance, committing to an ongoing donation to a charity or taking on a new project.”
The risk of making rash decisions
Rick Mapperson explores the danger rash decisions pose to your business. “We need to understand our own emotions and how we operate so that we don’t make a decision that we will later regret.”
Scoopon completes largest growth capital investment in Australian e-commerce sector
Australia’s number one online retailing group, CatchOfTheDay, which operates leading e-commerce sites CatchOfTheDay.com.au and Scoopon.com.au, has closed an investment for a minority stake in the company from New York-based Tiger Global Management and a group of leading Australian businessmen including James Packer’s Consolidated Press Holdings…
Sales survey highlights overemphasis on ‘closing the deal’
Sales managers are devoting too much time to late stage sales meetings and ‘firefighting’ to save deals at the expense of vital early stage opportunities, according to a new survey of 1409 sales managers, marketing executives and general managers.