Taxes are high in Australia. But when it comes to taxation policies, our government is too lenient on some large businesses and too hard on small business. Some large multi-national companies have been able to utilise tax structures that allow them to avoid paying their required tax in Australia, which has enabled them to lower their […]
The steps prospective startup founders and franchisees must take to hit the ground running, and the common mistakes they should avoid, were revealed to Dynamic Business in a recent Q&A session with Dan Newton, the CEO of Snap Fitness Australia. Since joining Snap Fitness nine months ago, Newton said he has made it his mission to transform the company’s internal processes and […]
The traditional work landscape is shifting, and more and more workers are trying to break away from sterile cubicles and rigid 9 to 5 schedules. We are witnessing new dynamic work environments where everyone is empowered through greater control and flexibility regarding workflow. Gone are the pushy bosses and policies, once set in stone. In their […]
Despite federal election promises of greater support for SMEs, businesses owners remain pessimistic about the Australian economy, with two in five expecting it to worsen in the coming year, the latest MYOB Business Monitor revealed. The bi-annual national survey of over 1,000 SME operators found that 42% believe the economy will decline over the […]
Intellectual property, such as patents and copyrights can represent a significant portion of a company’s assets – particularly for highly innovative start-ups. Currently, intangible assets are subject to a legislative “effective life” period which is used to calculate their rate of depreciation. However, these existing provisions which mandate their life span are inflexible and often […]
We celebrate the start-ups that grow their businesses to great success, and we recognise the visionary business owners who inspire us with their dream and do things differently. But what about the business owners who did not start the business and are running with a vision set by someone else? I’m talking about the franchise […]
As Sydney’s Edwin Onggo can attest, some businesses are born out of sheer frustration. While studying at university, Edwin’s passion for live music was put to the test by a student budget, risk-averse friends and an industry plagued by financial uncertainty. “I was frustrated that I never got to see my favourite acts live,” Edwin […]
The Prime Minister’s recent pledge to pump $15 million into his government’s Incubator Support Program for startups, if re-elected next month, is a good start but far from sufficient, according to Australia’s peak startup body, StartupAUS. CEO of StartupAUS, Alex McCauley said the additional funding for accelerators and incubators will genuinely help startups. “Funding for incubators and accelerators is important and […]
There’s no doubt that starting a new business is an exciting time, however it can also be very stressful. You don’t yet know if the concept will work, you are pouring money into your dream and you are forgoing hours where you could be earning money working for someone else. Furthermore, you often work much […]
As a budding startup founder, you must have a lot of questions about your potential but you are also probably aware that 4 out of 5 startups fail. So, let’s start this piece with an inspirational story. Meet Frederik Van Huyn, a CEO of Absolute Internship. Frederik started his company with only $2000 in his pocket, and today […]
