Small business owners across Australia are feeling the pinch as the cost of doing business skyrockets, with one in five forced to cut personal income, according to the latest findings from the MYOB Business Monitor. The report, based on a survey of over 1000 Australian small business owners and operators, highlights the increasing challenges… Read more »
In 2024, retailers will continue to face challenges such as rising costs, tightened consumer spending, and shifting consumer behaviours. While many across the economy have been tasked by leadership to ‘do more with less’, that’s not necessarily an option for all businesses. This is especially true in retail, writes Shaun Broughton, Managing Director, APAC at… Read more »
Think Valentine’s Day is only relevant to florists and chocolate shops? Think again. Valentine’s Day is one of many calendar moments throughout the year that provides small businesses with an opportunity to market their products and services in new and engaging ways, writes Author: Emma Fawcett, General Manager SME, MYOB. Mother’s Day, Father’s Day, Easter… Read more »
Small business owners across Australia are facing a surge in insolvency rates as court-ordered wind-ups increase. According to the latest corporate insolvency index from Insolvency Australia, there has been a massive 133 per cent increase in court wind-ups during the first half of the 2024 financial year compared to the previous period. The report… Read more »
In a rallying cry for the struggling small business sector, the Council of Small Business Organisations Australia (COSBOA) has pleaded to the government for more significant support for businesses ahead of the budget. With small businesses facing unprecedented challenges amidst a backdrop of plummeting sales and skyrocketing costs, COSBOA is hoping to secure vital… Read more »
Small businesses are gearing up for a potential resurgence in 2024, with Square’s latest Future of Commerce report signalling a renewed focus on growth, technology adoption, and innovative strategies. While consumers are presenting a slightly more cautious outlook due to financial uncertainty, businesses across the retail and hospitality sectors are anticipating better times ahead.… Read more »
Homegrown fintech Zeller has once again taken the lead in the financial technology sector by launching Tap to Pay on Android. The move positions Zeller as the first locally-grown fintech to introduce this cutting-edge method of accepting contactless payments and builds on the iPhone release of Tap to Pay in October 2023, which has… Read more »
When it comes to summer and seasonal employment arrangements, it can be hard to stay on top of payroll entitlements. Luis Sanchez Castillo, Executive GM Product, Xero, shares how to avoid the worst payroll blunders and stay compliant. The summer season brings joy and relaxation to many people. But for a small business owner,… Read more »
In a bid to empower small business owners across Australia, the Australian Taxation Office (ATO) has rolled out an online learning platform to equip entrepreneurs with the knowledge and skills required to navigate tax and super obligations effectively. Deputy Commissioner Will Day said the Essentials to Strengthen Your Small Business hub will deliver accessible… Read more »
Inflation has taken a notable downturn in the December quarter, according to the latest figures from the ABS, presenting a positive outlook for small business owners and households for the year ahead. The Consumer Price Index (CPI) for the final quarter of 2023 revealed a decrease to 4.1 per cent, marking a two-year low… Read more »
National Australia Bank (NAB) has issued a warning to business owners to remain vigilant as a swathe of new scams are set to impact Australians in 2024. NAB’s fraud and cybersecurity experts have identified six prominent scams, urging business owners to stay vigilant and arm themselves against the evolving tactics employed by scammers. NAB… Read more »
As we gear up for the festive season, let’s talk strategy – not just any strategy, but how to stay chic managing your social media team and profiles over the Christmas break, explains Emily-Rose Hills, founder of the Social Media Coach. It’s the season where your social media needs to sparkle as much as the… Read more »
Nine essential must-know rules when dealing with the Australian media 
From online selling to social growth: Reboot 2024 invites Aussie small businesses to learn from the best 
Our greatest resource is the optimism of small businesses: It’s time to get behind them! 
How to use digital tools to succession plan 
Weekly business news and insights, delivered to your inbox.
