A Brisbane-based advisory firm says Australia is facing an eight-speed economy as an avalanche of conflicting forces converge to create an unprecedented air of uncertainty for business owners. Director Andrew Crealy says when the mining boom was in full swing a decade ago, businesses were grappling with a two-speed economy. “Put simply, this concept explained […]
The worst thing local businesses can do in the ‘new GFC’ conditions tipped for 2012 is ‘just try’ to survive. So, here’s some expert tips for surviving an economic slowdown.
One of Australia’s most outspoken entrepreneurs, Ruslan Kogan, has announced he’s “divorcing” the traditional retail channel, arguing economists must stop grouping online retail with traditional bricks and mortar retailers.
Rather than waiting for the “good old times” to come back, it really is time for retailers to adapt to a new reality. In some market segments trading conditions will remain tough and may deteriorate further.
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