By: Adam Courtenay The small business sector is well aware that big business has little regard for its cash flow problems. It also knows big corporations deliberately delay payments. The facts are in: SMEs are collectively owed $26 billion, according to a late payments study by PayPal and Intuit Australia in November 2015. Nearly three-quarters of all […]
By: Neil Slonim Cashflow and time management are the biggest pain points for Australian SMEs, according to research conducted by East & Partners for ASX-listed working capital lender Scottish Pacific. The bi-annual SME Growth Index canvassed the views of more than 1200 SMEs with turnovers ranging from $1 million to $20 million. Cashflow concerns arise from […]
Does your organisation encourage the development and growth of high potential start-ups? If you’re a new or existing incubator, and think your organisation has the potential to help Australian start-ups be successful in international markets, then the Incubator Support initiative is for you! What is the Incubator Support initiative? The Incubator Support initiative is […]
By: Grant Field It’s usually easier to look back after a business has failed and identify why, than it is to save a business from failing in the first place. In my view there are a number of reasons for this, not the least of which is the fact that everyone is always wiser with the […]
By: Angela Vidler Hiring skilled staff who are based offshore can transform your small business and position it for growth, but it’s a decision where you must look before they leap. A business with problematic management and poor retention, for example, will not suddenly rid itself of these issues by moving its accounts payable section […]
By: Mikki Silverman For small and medium sized businesses, the makeup of your team can have a significant impact on overall performance. It comes down to not just having the right blend of skills but also the cohesiveness of the team and their engagement with the work that will give your business a competitive advantage. […]
Ensuring children’s rights are met in Australian businesses… As a business owner, it’s important to make sure that you respect and support children’s rights while running your business. You might deal with children in your business as: customers employees your target market or as part of your supply chain. What are children’s rights? Children have […]
By: Katrina Mckinnon Failure to implement an emergency action plan in your business could lead to serious injuries and loss of life, plus severe penalties if there is an emergency situation or disaster. Here’s a sobering statistic: work-related injuries and disease cost the Australian economy about US $78 million per year. It’s therefore imperative that […]
Top tips to help you lead your business successfully through the change management process… Strong leadership is crucial when managing change in a business. It can set the tone for the change, give staff a clear direction and help get people on board with the process. Before you find out about how to effectively […]
By: John Palfreyman A business can be like a leaky bucket. Marketing teams work constantly to pour new customers in the top, spending time and money on campaigns, but if there are holes, customers are always going to leave and need to be replaced. Of course, this is not the functioning of an ideal business […]
