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Love your business? You could win $20,000

MYOB, an Australian business that specialises in management solutions for SMEs, will award a $20,000 grant to the business owner who gives the best answer to two questions: "What are you most passionate about?" and "How would you spend $20K on your business?"

A chance to invest in the next Kylie Minogue

Now here's an idea that raises the phrase 'investment opportunity' by a couple octaves -- purchase a stake in the career of an indie music artist. In exchange for your largess, you'll gain a say in marketing and producing the singer. You can even pitch them a song.

What is GDP and what is contributing to its growth in Australia? [PODCAST]

RMIT economist Alberto Posso talks about Australia’s GDP rising 0.5%, raising questions about the Government spending crowding out private sector investment. He also looks at the drop in mining investment and asks whether manufacturing and agriculture can level the balance.

Australian business investment returning back to 2008 levels [PODCAST]

RMIT economist Steve Kates talks about business investment, which is headed back to 2008 levels. He also looks at construction activity which appears to be flat with reduced investment in residential housing. This will exacerbate the housing shortage. He predicts high debt levels will drive inflation around the world as governments are forced to print more money to stay afloat.

It’s all Greek to me: How world events affect Australian small business budgets

With recent focus on world events, many small- and medium-sized businesses in Australia are left wondering what these distant, foreign events mean to their business operations at home.

It's all Greek to me: How world events affect Australian small business budgets

With recent focus on world events, many small- and medium-sized businesses in Australia are left wondering what these distant, foreign events mean to their business operations at home.

Take control of your cashflow to avoid growing broke

Focusing on growing the business and maximising profitability should always be top priorities for small businesses. However, concentrating on these areas alone can mean neglecting crucial cashflow practices that can lead to the demise of your business. Sue Hirst explains.

Do you make these five critical mistakes in business?

Here are five critical mistakes that will kill your chances of attaining above-average success. If you make any of them, your business will achieve average performance at best, and likely create a trap where you end up working long hours for mere survival, or even eventual failure and bankruptcy. Read on and check to see how many you make.

Interest rates and small business pain

With recent interest rate rises, much talk has centred on how the increases are likely to affect families and mortgage repayments. However, the impact on small business owners and their cashflow shouldn’t be ignored.

Steak knives don't come out for Young Entrepreneurship 'concept' event

Michael Fox of Shoes0fprey.com revealed his penchant for designing stilettos. Jeremy Levitt of PodProperty and Service Seeking proudly informed the crowd that he enjoys cold-calling. Kirsty Black of Halo Headphones explained why she turned down $500,000 and went sailing instead. Julie Sweet of Certificates Online shared inspiration from Buddha and explained what she'd do with five thousand.

Steak knives don’t come out for Young Entrepreneurship ‘concept’ event

Michael Fox of Shoes0fprey.com revealed his penchant for designing stilettos. Jeremy Levitt of PodProperty and Service Seeking proudly informed the crowd that he enjoys cold-calling. Kirsty Black of Halo Headphones explained why she turned down $500,000 and went sailing instead. Julie Sweet of Certificates Online shared inspiration from Buddha and explained what she'd do with five thousand.

Top 10 Easter tips for small businesses

Keeping a close watch on cashflow and improving administration processes is the answer to growth and sustainability in 2010. Here is a ten-point checklist designed to help small businesses get their houses in order.

Welcome to the shallow end of the corporate gene pool

“When we arrived, the staff knew we were a triage team called in to determine whether they should receive emergency surgery and a chance at life or a shot of morphine and a painless journey to oblivion.”

The customer is always right, except when we say they're wrong!

When we last left Mr 1% Spend, he was asking some tough finance and tech accountability questions of bemused Sydney business manager “George” and his increasingly exasperated cohorts. Today, the story reaches its climax as the author questions whether spending $15,000 to upgrade Microsoft Office is the most intelligent use of company funds.

The customer is always right, except when we say they’re wrong!

When we last left Mr 1% Spend, he was asking some tough finance and tech accountability questions of bemused Sydney business manager “George” and his increasingly exasperated cohorts. Today, the story reaches its climax as the author questions whether spending $15,000 to upgrade Microsoft Office is the most intelligent use of company funds.

Straight-forward steps to improve your business cashflow

Poor cashflow is the biggest killer of promising startups and SMEs. Here, Alan Sharfman provides some outlines some simple steps you can take to improve you cashflow situation.

Cry Havoc! And let slip the dogs of technology (Pt 2)

He coughed, spluttered, back-pedalled and delivered amazing excuses: Credit this, debit that, liability something else, below the EBIT line over there, management fees somewhere else, intercompany loans and so on. I could see George starting to waver so I asked a very simple question to by-pass the jargon and drivel and get us back to the point of the discussion:

Finance for Small Business: Mission Impossible? (Five alternative options)

Funding and cashflow are the seemingly ever elusive crucial components to running a small business. With the banks being the most obvious source to approach, business owners often find this a frustrating and generally ‘closed-door’ option. David Hechtor looks at the alternatives.

Cry Havoc! And let slip the dogs of technology.

Are your technology suppliers and support providers advising you according to your best interests, or theirs?

Diary of an entrepreneur raising capital: Money for nothing

I can never figure out if that Dire Straits song goes “money for nothing and your chicks for free” or “money for nothing and your cheques for free”. Let’s stick with cheques for this post, because everyone knows you don’t get chicks for free unless you play the guitar on the MTV. Plus, getting cheques for free is in context with what I want to talk about.

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