#Tim Reed
SMEs expect no growth at Christmas due to competition… despite inadequate planning
SME operators not only predict a lack of sales over the Christmas retail period, they also expect to be short on spare time, according to MYOB. The cloud accounting provider’s latest SME snapshot reveals that business confidence is down due to the threat of bigger and online retailers entering the market from overseas. The majority […]
MYOB to buy a slice of Reckon for $180m
Cloud accounting provider Reckon is selling a 120-person division to rival MYOB for $180 million as it looks to – in the words of Group CEO Clive Rabie – “narrow [its] focus on the small business accounting software market”. Subject to regulatory approval by the ACCC and the NZCC, MYOB will acquire the assets of […]
SMEs engaging freelancers to cut expenses
Australia’s SMEs are increasingly turning to short-term freelancers in a bid to reduce their overheads, according to MYOB. As part of its SME Snapshot for November, the cloud accounting provider surveyed 395 SMEs about the freelancing economy. Of the SMEs that had used a freelancer in the last six months, a majority (89%) indicated they […]
MYOB pledges to make a submission on Australia’s digital future
Australasia’s largest business management software provider, MYOB, supports the Government’s decision to encourage Australians to have their say on the nation’s digital future, following yesterday’s announcement of the Digital Economy Strategy. MYOB chief executive Tim Reed said the company would take this opportunity to make a submission on behalf of its 1.2 million small business […]
Amazon’s impending entry into Australia is forcing SMEs to adopt innovative technology
Three in four SMEs (76%) have invested in technology over the last 12 months to boost their innovative capacity, according to research undertaken by cloud accounting provider MYOB. Other key findings from MYOB’s latest Business Monitor, which involved a survey of more than 1000 business owners and directors, also found that: Almost a third of […]
A permanent $20k tax write-off for SMEs would help arrest government distrust says MYOB CEO
Ahead of this week’s Federal Budget, two-fifths of the small business community are not confident of a favourable outcome, according to research undertaken by accounting software provider MYOB. Dynamic Business asked MYOB CEO Tim Reed to unpack the findings of the company’s SME Snapshot, a monthly survey of small to medium businesses from its customer […]
What tops the SME wish-list at Christmas?
As an advocate for small businesses in Australia and New Zealand, MYOB regularly asks SME owners what they are thinking and feeling about the economic landscape, government policies and generally what they want for the year ahead. Small businesses are the backbone of the economy so their mindset and well-being has a huge impact on the […]
SMEs not buying recession talk: MYOB survey
Talk of a looming recession is being shrugged off by SME operators, according to the latest Business Monitor from accounting software provider MYOB. The bi-annual survey of more than 1000 SME operators found that 26% expect the economy to improve over the next year, while a further 33% expect it to remain the same. The […]
One in four SME owners are juggling businesses
Two in five SME owners either operate multiple businesses or plan to, according to new research from MYOB with Tim Reed, the cloud accounting provider’s CEO, declaring “the great Australian entrepreneurial spirit is alive and well.” Findings from MYOB’s latest SME Snapshot – a survey of 589 business owners – indicate that a quarter of […]
Big businesses can help eliminate barriers to SMB owners growing their super, says MYOB
Small to medium business owners are diligent when it comes to meeting their superannuation obligations to staff but growing their personal super is ‘not top of mind’, according to Tim Reed, CEO of cloud accounting provider MYOB. He told Dynamic Business that government and big business must play a role in eliminating barriers to owners making super contributions. […]
SME dissatisfaction with fed govt support increases: MYOB Business Monitor survey
The current federal government is more popular amongst SMEs than its predecessor but an increasing number of business owners are dissatisfied with the Coalition’s support, according to the latest MYOB Business Monitor The bi-annual national survey of over 1,000 SME operators revealed that since being elected to power in September 2013, the Coalition government has […]
SMEs pessimistic about economy but start-ups forecast revenue growth: MYOB survey
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 […]
Bunker down approach stymieing job creation
The number of business owners looking to create new jobs this year is declining.
Youth homelessness on the business agenda
Australia’s business leaders have become increasingly aware of their responsibilities within the wider community in recent years.
Brace for a spring scrub-down
A spring clean traditionally marks the final farewell to winter for the year, but it’s not just your house that can benefit from a good scrub down.
The entrepreneur taking the hard work out of bookkeeping
Silicon Valley alumnus, Tim Reed, spent 10 years in the U.S. working in a variety of online and B2B software companies before he decided to head back home to Australia and join the MYOB team.
Good news for SMEs on the horizon
After a tough 12 months, small to medium-sized businesses are finally regaining faith in the economy with less concern over cash flow, fuel costs and interest rates.
Online SMBs performing better than offline counterparts, report finds
Businesses with a website are seeing higher financials returns and operating more productively compared to those without a site, new research has found. Despite this, the potential benefits appear to be falling on deaf ears with less businesses building their online presences.
Two questions that need answering before going into business
Just received a redundancy payout and thinking about investing this in becoming your own boss? Here are the two questions that must be answered before you start your own business.
MYOB launches petition to draw government attention to SMEs
With the Federal Government’s October Tax Forum kicking off soon, a new study by MYOB found 71 percent of local business owners want the Business Activity Statement (BAS) simplified and 76 percent want GST rules reviewed. In light of this, MYOB has released an online petition for business owners to send a clear message to the government to introduce legislation that makes life easier for SMEs.
Preventing big news from becoming a big mess
MYOB’s Julian Smith looks at using PR to collaborate with the media to ensure your business reputation remains intact. “Making an announcement, responding to an issue or even telling your tale to the press can be a daunting task, & it’s easy to lose control of the situation…”
Bain Capital acquires MYOB for undisclosed sum
Bain Capital has signed a definitive agreement to acquire MYOB Ltd for an undisclosed amount of money, from the consortium led by Archer Capital which acquired the business in February 2009.
Carbon Tax: What it means for SMEs
Julian Smith asks MYOB CEO Tim Reed what impact he expects the carbon tax will have on SMEs. “This new policy is also one of the first to be implemented in Australia without imposing any extra paperwork on small business owners…”
18% of Australian businesses use social media – 35% have a website
Australian businesses appear disinterested in Twitter, Facebook and Youtube, with only 18 percent of those surveyed using social media to promote their business.