Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), urged senators to pass the Australian Business Growth Fund Bill on Wednesday. Ms. Carnell explained that the bill would significantly encourage growth and promote economic expansion for small and medium-sized businesses around the country. “We strongly support the investment by the Commonwealth in the […]
The Seabin Project, an Australian ocean-cleaning startup, has raised more than $1,000,000 through crowdfunding since the launch of their new ‘Public, for Purpose’ campaign. The campaign is being hosted on the equity crowdfunding platform Birchal and has amassed over 660 public shareholders in just four days, with more than 1000 investors onboard at the time […]
A decade and a half ago when I built my first company, the word “startup” was practically unheard of in Australia. When we talked about entrepreneurship, it was people starting small businesses or service based companies; and there’s nothing wrong with that. That’s been the backbone of the economy for decades, particularly for migrant families […]
As it is seen in mainstream discussions in recent years, wage theft is the practice of denying workers their rightful wages or benefits in contemporary workplaces. It is recognised in various forms, including failing to pay wages, overtime, “off-the-clock” works and refusing employees’ entitlements such as vacation times and sick leave. Since last year, prominent […]
Small Business and Family Enterprise Ombudsman, Kate Carnell, has spoken out on the recently approved new version of the Banking of Code of Practice – a set of enforceable standards that small businesses can expect from Australian banks. The updates come into effect in March this year and was only last updated in July last […]
Juggling cash flow is hard at the best of times in small business, but it’s super tricky during the Christmas and New Year period when many businesses close and consumers go on holiday. If you find the silly season a little stressful, you’re not alone. All small business – regardless of industry sector – struggles […]
Small businesses are currently in a unique position over large corporates. During the last decades of the 20th century and even the noughties, it felt almost impossible to compete against large corporates. The bigger the company, the deeper the pockets and the greater the brand presence. Their scale and capabilities meant they did not need […]
Two Perth dads have received enormous support for their innovative baby bottle device through their crowdfunding campaign, raising more than 50 per cent of their $81,000 goal in just five days and 100 per cent in just ten days. The young fathers, Ricky Hee and Alex Djojoutomo created Bottle Bath, an electric 3-in-1 bottle washer, […]
For most businesses, growth is a key goal and is essential to the organisation’s ongoing sustainability. However, when companies aren’t prepared for growth, they can hit roadblocks and encounter issues that can endanger the entire operation. To overcome these risks while scaling up the business, decision-makers need to plan carefully and incorporate specific risk-mitigation measures, […]
Nine out of 10 Australian businesses employ under 20 workers, making us a nation of small businesses. While there is a multitude of positives in running a small business, there are also many pressures including managing employees, servicing customers and dealing with suppliers, which means there are a lot of plates to juggle. It’s easy […]
