By the age of retirement, the average working woman will have lost $160,000 in superannuation due to career breaks, according to REST Industry Super. To determine the financial impacts of career breaks on working Australians, the superannuation fund commissioned research, including a survey of 1030 men and women who had taken a career break of […]
It’s hard to believe we’re more than a month into the new year. Many corporates didn’t return to business until after Australia Day, giving the SME owners who’d been in full swing for a few weeks a great head start. To capitalise on this early advantage, here are some of the trends SME owners should […]
The Federal Government is now seeking applications for grants of up to $7000 to help Australian researchers and SMEs work with overseas experts to develop and commercialise their projects. According to Minister for Jobs and Innovation, Michaelia Cash, the Global Connections Fund (GCF) Priming Grants empower organisations to collaborate in the global arena, link with […]
Finding that seven in 10 Australians are now active social media users, Hootsuite has called on the nation’s small businesses to capitalise on an opportunity to ‘unlock critical revenue streams’. The social media management platform has released Digital in 2018, a report of social media and digital trends globally. Representing 239 countries and territories, the […]
The Federal Government will “carefully consider” a strategy, prepared by Innovation and Science Australia (ISA), to transform Australia into a “top tier innovation nation” by 2030, Minister for Jobs and Innovation, Michaelia Cash has announced. Released this week, ISA’s Australia 2030: Prosperity Through Innovation report contains 30 recommendations for creating a high performing innovation system, […]
The peak body for Australia’s fintech industry has urged Federal Parliament to prioritise a ‘vital new source of funds’ for SMEs by expediting the approval and implementation of private company equity crowdfunding legislation introduced in September 2017. According to FinTech Australia chair Stuart Stoyan, the Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017 has […]
Much has been said about the benefits SMEs will see from new draft legislation recently proposed by the Federal Minister for Revenue and Financial Services authorising the Australian Taxation Office to disclose business tax debts to credit reporting bureaus. While the stated aim is to “help the SME sector”, in reality SMEs will be largely […]
Facebook’s latest algorithm changes are being called a ‘nightmare’, even ‘apocalyptic’ for businesses and publishers. Yes, the update will make it more difficult for SMEs to reach their target audiences than previously. But we’ve been here before. And businesses will simply have to adapt their social media strategy to remain competitive. Why the changes? The […]
Seven companies have become the nation’s first crowd-sourced funding (CSF) intermediaries after receiving Australian Financial Services (AFS) licenses from the Australian Securities and Investments Commission (ASIC). Under the CSF framework, which commenced in September 2017, Big Start, Billfolda, Birchal Financial Services, Equitise, Global Funding Partners, IQX Investment Services and On-Market Bookbuilds have been authorised to […]
To beat the odds in small business, the focus for the first year must absolutely be on revenue creation. Without revenue, you have no business. But how much revenue should you be aiming for? Putting together your budget is the ideal time to define your longer-term vision for the business and ask yourself how big […]
