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Growing
  • May 28 2018 $10,000 grants up for grabs for budding entrepreneurs

    Corporate lawyer Alyce Tran had a dream to make an extra $50,000 from her fashion blog, The Daily Edited, which she co-founded with her friend Tania Liu. After an unsuccessful attempt to launch an online clothing line, the pair introduced their personalised accessories business, which today turns over more than $15 million a year – Read More…

  • May 24 2018 Why artificial intelligence is crucial for sales to bridge the customer chasm

    For years, sales teams have struggled to keep up with a customer base using the latest technology to upend the traditional sales process. Today’s customers have more choice and buying power than ever before, and they expect unprecedented levels of contextualisation and personalisation. The latest wave of technology, led by Artificial Intelligence (AI), may be Read More…

  • May 3 2018 The break small businesses deserve

    Obtaining finance can be challenging for any business but it is an acute difficulty for micro and small businesses in their start-up phase. Having the Best Business Idea in the World won’t necessarily be enough to convince sceptical, risk-averse banks to approve a loan, especially if the business owner doesn’t have a proven track record Read More…

  • March 20 2018 A tale of two SMEs: what distinguishes a growing business from a declining one?

    What are the attributes of an SME that is growing, and how do they differ from a business with static or declining revenue? [Related: SMEs trading banks for fintechs, poll suggests] Twice a year, when more than 1200 owners or leaders of SME businesses are interviewed for our SME Growth Index, one of the first questions Read More…

  • July 20 2017 Using personal funds to launch: pros and cons

    Having an idea for a business is the start of what can be a very exciting journey, although in truth it may feel more like a rollercoaster ride at times. In particular, coming up with the funds to get the company off the ground at a time when money is tight can be challenging. Having Read More…

  • June 21 2017 Cost-effective, hassle-free, fruitful: what recruitment must be for Australian SMEs

    Since launching in July 2015, the Federal Government’s employment services program, jobactive, has helped employers from across Australia recruit more than 400,000 suitably skilled workers. The popularity of jobactive with employers is attributable to the range of services, available through the program, that make it cost-effective and hassle-free for businesses, especially SMEs, to recruit staff who Read More…

  • June 5 2017 ‘Digital by default’ millennials are the most optimistic SME owners, NAB whitepaper shows

    Amongst Australia’s SME owners, millennials are not only more optimistic about the future, they are also more likely to expand their business in the near future, according to a new whitepaper from NAB.    Titled The Moments That Matter: Understanding Australian SMEs, the whitepaper reports on qualitative and quantitative research undertaken by IPSOS on behalf of Read More…

  • June 1 2017 Why branding is important for small businesses

    When you first set up in business the single biggest challenge you face is getting people to notice that you’re out there. You can offer the best products and services in the world, at amazing prices, but nobody will buy them – and if somebody does happen to stumble upon you and make a purchase, Read More…

  • May 29 2017 Bad hire, big cost: how to find employees who are a good fit

    Employers seeking staff to grow their business have numerous options available, including recruitment agencies and online employment marketplaces, but many would argue it is still hard to find good help these days. Of course, by basing hiring decisions predominantly on resumes and CVs, employers leave themselves vulnerable to the risk of a bad hire. Why? Read More…

  • May 23 2017 Why an Annual Business Review is Essential

    When was the last time you reviewed your business? Every owner should conduct an extensive review at least once a year to stay on track. It doesn’t matter if you’re running a small firm or a large corporation – every business benefits from a solid plan of attack. Annual reviews allow you to evaluate what Read More…

  • May 17 2017 Five productivity hacks for time-poor SMEs

    When you’re a time-poor business owner whose attention is being pulled in all directions by competing obligations it can be difficult to focus on improving productivity. And while a growing customer base is good for the bottom line, if you’re a ‘one-man band’ you might begin to feel like you’ve bitten off more than you Read More…

  • May 10 2017 Federal Budget: small business $20k instant asset write-off scheme extended by one year

    Businesses with an annual turnover of up to $10 million will benefit from the $20,000 instant asset tax write-off scheme for a further 12 months, the Government announced in the Federal Budget. The extension has generally been welcomed, although there have been calls to make the measure permanent and increase the write-off threshold to benefit more businesses.  Read More…

  • April 27 2017 Foster a multi-generational workforce and be an employer for the ages

    If you are seeking to foster a high-performing workforce in your organisation, it would be counter-productive (not to mention narrow-minded) to subscribe to the saying “out with the old, in with the new”. Long-held myths about mature age workers (e.g. they are change-averse, they are not tech-savvy, they have a ‘use by date’, etc.) have Read More…

  • April 7 2017 Westpac announces 200 Australian businesses that will help unlock $70b in economic value

    As part of its Businesses of Tomorrow program, Westpac has today recognised 200 ‘outstanding’ businesses, including 20 ‘high-potential’ organisations, that have “demonstrated a clear vision to shape Australia’s economy… as it transitions to a services and knowledge-based economy”. The 200 ‘Businesses of Tomorrow’, which have a collective turnover of approximately $2 billion per year and Read More…

  • March 15 2017 If you don’t know where you are going in business… any road will take you ‘there’

    This may be a passage from Lewis Carroll’s novel Alice’s Adventure in Wonderland but it perfectly sums up the strategic approach of many Australian businesses… “Would you tell me, please, which way I ought to go from here” said Alice. “That depends a good deal on where you want to get to”, said the Cat.
 “I don’t much care Read More…