Decisions made by the Reserve Bank hold immense significance for businesses and everyday Australians alike. Today’s announcement by RBA governor Phillip Lowe to keep official interest rates on hold, is sensible in response to several key factors influencing the economy. Examining the three recurrent themes from the Reserve Bank’s recent board meetings – labour market,… Read more »
As much as we may find it tedious, it’s crucial for every individual, especially business owners to pay attention to the decisions made by the Reserve Bank, explains David Koch. The Reserve Bank’s actions have a profound impact on our businesses, our customers, and the overall economy. So, even though I know we’re all tired… Read more »
Recently, I’ve been discussing how the economy’s slowing down, and with the recent interest rate rises, there is a potential risk of entering an economic recession. This warning has been reinforced by a Xero report, which highlighted small business owners’ gloomy outlook regarding their current situation and future prospects. While it’s essential for business… Read more »
The ongoing battle between the Reserve Bank and the federal government has David Koch predicting there is a better-than-even chance that we’re going to fall into an economic recession. The good cop, bad cop routine that’s being played out by the federal government piling into the Reserve Bank has me scratching my head. It’s easy… Read more »
Fair Work has opted for a 5.7 per cent increase to the minimum wage – while this is good news for workers it’s less exciting for business owners caught in a perfect storm of rising business costs, increasing inflation and interest rates and a drop in discretionary spending. Earlier this week the Australian Retailers Asssociation… Read more »
Interest rates rising, inflation growing and access to finance becoming increasingly difficult… What’s this sound like? An old-fashioned credit squeeze, according to David Koch. I don’t think I’m telling you anything new, but I think we are in just an old-fashioned credit squeeze now. Not only are interest rates rising, but also liquidity as getting… Read more »
As the dust settles on the budget announcement, small business advocate and Kochie’s Business Builders TV host, David Koch, suggests the most important thing to come out of 2023 budget announcement is we won’t have an economic recession. Yes, the economy will slow, but it won’t go backwards, and I think that’s a good sign.… Read more »
Well, another week, another major financial institution that has been hacked. Yesterday, Latitude Finance publicly announced that the data of more than 14 million customers had been breached, and that’s bad news for everyone, but could it have been prevented? asks small business and financial expert, David Koch. Astonishingly, approximately 7.9 million driver’s license numbers… Read more »
As the uncertainty around banking continues, it’s time for small business owners to take heed and adopt some precautions for the months ahead, writes small business and financial expert David Koch. The Silicon Valley Bank crisis has left many startups reeling – including some of our favourite unicorns, but what is the impact of… Read more »
One of the joys of his job is being able to sit down and pick the brains of people like Shaq, writes David Koch. Yes, they talked basketball, but also Shaq’s thoughts as a leader, investor and all-round good guy. You know him as the 7’1” basketball legend who has won four NBA championships. But… Read more »
It comes around every year. When our attention turns to the fiscal fiend and the amount of tax he has slugged us. Naturally, as good citizens, we don’t mind paying the right amount of tax but we are damned if we are going to pay a penny more than we have to. The problem is… Read more »
The Federal Government has labelled this a “jobs” budget. As we all know, that’s code for enticing business owners to hire more staff to get the economy moving again. Let me tell you, there are plenty of incentives to get us to do just that. This is a big spending Federal Budget to make sure… Read more »
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