Nominations are open for the annual Bx Business xCellence Awards, and this year, Kochie’s Business Builders community has been invited to the party! For the past eight years, the Bx Business xCellence Awards have been shining a spotlight on the ‘best in business’ all over Australia, and for 2023, with the overseas expansion of Bx,… Read more »
Meta’s newly launched social media application, Threads, should be a new communications channel for small and medium-sized businesses to consider as they look to grow their marketing efforts and get ahead of the game before their rivals, says Daniel Stoten, Executive Chairman at Localsearch. Officially named ‘Threads, an Instagram app’, Meta’s text-based conversation app… Read more »
Slowing consumer confidence, lowered discretionary spending, cash flow hiccups and rampant inflation is wreaking havoc on Australia’s online retail sector, with nine out of ten businesses saying they expect zero sales growth in 2023. New research from parcel delivery service CouriersPlease has revealed the extent of the issue, with retailers nationwide feeling pessimistic as… Read more »
As we’ve seen with the rise of Dry July, the sober movement is gaining momentum in Australia. Alcohol-free options have become an important inclusion at any event or hospitality venue as the number of people that are ditching the booze for non-alcoholic alternatives increases. Sobriety, teetotalism, responsible drinking– whatever you want to call it… Read more »
New instant asset write-off thresholds, updated tax rules, increased superannuation payments and a rise in the minimum wage are among changes coming into effect on 1 July, says Bruce Billson, the Australian Small Business and Family Enterprise Ombudsman. “It is essential that small business owners and managers understand these changes,” Mr Billson said. “They should… Read more »
Research reveals one in two Aussies are expecting to do half their shopping online, despite a significant return to shopping at bricks and mortar stores post pandemic. CouriersPlease Shopping Online White Paper reveals the eCommerce boom which began during COVID lockdowns has continued, with three-quarters (73 per cent) of those surveyed saying they will… Read more »
The Fair Work Commission’s decision to increase modern award rates by 5.75 per cent could be the last straw for many small business retailers already struggling with rising costs. Australia’s peak retail body, the Australian Retailers Association (ARA) says the wage rise, coupled with a scheduled 0.5 per cent increase in the superannuation guarantee,… Read more »
Despite cost of living pressures, Aussies are set to get the most out of the mid-year and end of financial year (EOFY) sales, with research predicting a $9.3 billion spend – an increase of $500 million from 2022. The research conducted by the Australian Retailers Association (ARA) in partnership with Roy Morgan revealed that… Read more »
Soul-rock legend Tina Turner passed away today – and apart from teaching us all how to Nutbush, the singer’s life serves as a testament to purpose, passion and resilience – three attributes entrepreneurs have in spades. Tina’s story is one of strength and perseverance. Her journey wasn’t always easy – she faced numerous obstacles… Read more »
There’s no doubt Aussie households are doing it tough as the cost of living and inflation put a bite on family budgets. However, small business owners are being hit with a double whammy as the cost of doing business also continues to rise. With energy rates set to increase by as much as 30 per… Read more »
CPA accountant and tax expert Coco Hou is urging businesses to speak to their accountant immediately to find out about the new tax breaks and write-offs starting in the new tax year. “Businesses need to act quickly,” recommends Hou. “There are a number of new tax write-offs coming into effect from 1 July this… Read more »
Aussie business owners are coming under increasing financial pressure despite a lift in trade conditions, according to the latest Business Risk Index report from CreditorWatch. This month’s Index shows strong trade levels throughout April, however, other leading indicators such as a rise in external administrations across almost every industry suggest a gloomy outlook for small… Read more »
Weekly business news and insights, delivered to your inbox.
