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The Australian Government is required to produce an Intergenerational Report at least every five years that assesses the long-term sustainability of current Government policies...
Last week’s ANZ Bluenote highlighted an alarming fall in the number of new Australian startups, total startups, and an acceleration in those exiting. This...
PreneurCast is a business podcast. Author and marketer Pete Williams and digital media producer Dom Goucher discuss entrepreneurship, business, internet marketing and productivity. Normal 0 false false false MicrosoftInternetExplorer4 /* Style...
This year, the Credit Suisse Global Wealth Report indicated that Australia has the highest median wealth per adult in the world, so we should...
We are through with the latest round of federal elections but if the latest research from accounting software provider MYOB is anything to go...
The prophets of gloom and doom suggest that the economy will struggle without a high-flying mining sector. But the fact is that the economy is constantly evolving and responding to change. One huge change in the operation of the economy is the trend for consumers and businesses to purchase goods online, requiring the goods to be stored and distributed to end purchasers.
Australian CEOs are sceptical about the next six months. Many were doubtful that overall business and economic conditions would improve by the end of the year. Less than a third (31%) thought they would be better in six months’ time, while almost one in four (22%) thought they would get worse.
The current economic climate has often been the subject of negative opinions. Raise your hand if you have not seen a suited-up doomsayer on TV foretelling the economic Apocalypse... see, no hands! However, the responses and attitudes towards whether, and where, existing businesses are prepared to spend over the next 12 months, paint a rather fascinating picture. These guys are dancing in the rain! With 72% of business owners saying they would be happy to start up a business again, the survey also revealed 53% of owners say their business is their passion.
Leading Australian business strategist, commentator and author Kerwin Rae believes the ‘incubator’ craze gathering momentum in Australia could stem the flow of local talent leaving our shores. Meanwhile, the federal government is becoming increasingly aware that they must do something or we face economic collapse within our economy as SMEs make up such a huge portion of GDP. If SMEs fail, we fail.
Ethical food advocates demand ACCC investigate Coles and Woolworths. Are farmers and families being...
Australian local food pioneers Food Connect and CERES Fair Food have joined with the National Farmers Federation to call on the ACCC to break up Australia's supermarket duopoly and ensure a more just, equitable and sustainable food future for Australian families.
If you are a director when your company is found to be trading while insolvent, then you face penalties of up to $220,000 and/or 5 years’ imprisonment! And that’s even if you didn’t know about it, because Australian law says that as a director, you should have known. Crikey! Fair suck of the sauce bottle! (And insert other intentionally overt Aussie slang tirade here.)
According to Michael Blythe, Commonwealth Bank Chief Economist, “The divergence between retail and non-retail spending trends, where women and men’s spending dominate respectively, correlates with the divide in gender sentiment. Department store sales, for example, where women are responsible for 59% of spending, is soft. And this softness is linked to the less positive sentiment of female consumers.”
On the presentation of the first Annual Growth Survey the European Commission advised the member states not to cut on research and develpment nor education. It also set priorities and proposed ten actions to encourage economic growth.
Dun & Bradstreet's survey of business expectations says Australia's economy is leaning heavily on business-to-business trade and to commerce with the emerging Asian markets to shore up the domestic market, which still is waiting for consumers to start spending again.
RMIT economist Alberto Posso presents his findings on unemployment trends based on numbers from the Australian Bureau of Statistics. He says that a significant challenge for a recovering economy is reducing the number of underemployed workers who have been unable to find full-time work.
Leon and Garry talk about the business fallout from the election, particularly for the telecommunications industry. But whoever gets to be government will inherit a sluggish economy.
As a barometer for the overall economy, Australian sales professionals are optimistic they will meet or exceed their quarterly targets, according to a recent survey. Of 493 employees interviewed by Huthwaite Asia Pacific for its quarterly sales survey, 73% said their goals for the June quarter were well within reach -- or would be surpassed. When the same question was posed for the year's first quarter, 62% answered positively.
While this election is unlikely to become Australia's first 'social media' election, it could be the first where citizen journalism trumps the traditional channels. In fact, these types of contributions are fast becoming the only interesting thing about the current election.
Unless you're involved in a startup, it's unlikely that you work in a highly adaptable organisation where change is normal and built into everything you do. In fast growth companies, founders, investors and staff plan on change. It is one of their greatest strengths and allows disruptive companies to topple larger competitors. But the sad fact is that, for the majority of us, this is not our reality.
In this week's interview, RMIT economist Steve Kates talks about the death of Keynesian economics. He shares the growing view that stimulus packages around the world have increased debt, have not reduced unemployment and have made the crisis worse. He warns that Australia will feel the impact over the next year when China starts unwinding its stimulus package.