Summer is typically a peak time for hospitality small and medium-sized enterprises, as people gather over the festive period and summer break to socialise and celebrate. But MYOB’s most recent anonymised data, representing tens of thousands of transactions, shows little growth YoY in the total cash received by hospitality SMEs between December 2023 and… Read more »
It is often said that small business is the engine room of the economy. We want to make sure that small and family business can fire on all cylinders – not have a cylinder taken out, explains Australian Small Business and Family Enterprise Ombudsman Bruce Billson. We need to get the risk and reward balance… Read more »
In any business, big or small, having a succession plan is a safeguarding strategy to ensure processes are in place for all potential scenarios that may jeopardise its survival in years to come, explains Elise Balsillie, Head of Thryv Australia. A succession plan supports long-term business continuity – and ensures… Read more »
News
Cars are among the most frequently provided benefits to employees. Unfortunately, if the car is available for the employee’s private use, that means that the employer will be liable for Fringe Benefits Tax on the taxable benefit provided, at a rate of 47 per cent, writes Mark Chapman, Director of Tax Communication at H&R… Read more »
Growth
Optimism is an important trait when it comes to running a successful family business, and Australian family businesses are well known for their positive attitude, writes Scott Wiltshire, vice president and general manager, Oracle NetSuite ANZ. In fact, business consultancy PwC’s most recent Global Family Business Survey found that 85 per cent of Australian… Read more »
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Finance
A free digital masterclass is showing small businesses ways to protect their profit margins while the prices continue to soar. No-one knows better than small business owners exactly how challenging it is right now to keep the lights on and the doors open. In the current economic climate, where rising supply chain costs, labour expenses… Read more »
Establishing an online presence has evolved from being seen by some as a luxury to instead being used by many businesses as an essential tool in their day-to-day operations. If you’ve ever contemplated selling online but hesitated due to concerns about costs, it’s time to dispel those worries, writes Suzanne Mitchell, Australian market lead… Read more »
Online, social media management and content creation are key to grabbing and keeping people’s attention when scrolling on social platforms, so it triggers me when someone says “Just throw it up on socials.” writes social media expert Emily-Rose Hills. There’s no just throwing things anywhere, thank you. What you may assume is grabbing an… Read more »
The goal of every founder, business leader, or salesman is to double (or triple) their sales and skip the monotonous processes, writes sales expert David Fastuca, cofounder of the Growth Forum. But with various hats to wear, it can be hard to create a repeatable sales process that allows you to focus on what… Read more »
Business coach Simone Milasas writes that there is no shortage of content available when seeking advice or information on how to create, manage, and operate a successful business. As a serial entrepreneur, I continuously familiarise and educate myself with much of it, but not from the perspective of putting into practice everything I read. Rather,… Read more »
As a small business owner, your credit score is important and is so much more than just a number on a report. A good credit score can help you unlock financial opportunities, achieve goals and grow your business, writes Angus Sedgwick, CEO of OptiPay. A higher credit score typically translates to lower interest rates… Read more »
Winning customers’ attention is key for any business looking to drive growth. Today, with the help of social media, it’s possible for businesses to attract positive attention with creative and compelling content that won’t break the bank, explains Harry Lowes, Director of Mid-Market ANZ, Meta. After all, people are increasingly using social media for… Read more »
On the surface, selecting customer payment methods may seem like a simple process for businesses. After all, providing additional payment options positively impacts performance, operations and customer behaviour – right? asks Luke Fossett, GM of GoCardless ANZ. In some cases, yes, but it’s not always straightforward. Many payment methods are available, and changing your checkout… Read more »
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