Tag: MYOB

We are through with the latest round of federal elections but if the latest research from accounting software provider MYOB is anything to go...

We reported how many Aussie businesses are stuck on old school accounting, with one in seven SMEs (13.6 per cent) not even using basic...

Accurate accounting is absolutely essential for the success of any business, right? It is therefore shocking to learn that according to a recent report...

The Sydney taxi startup roped in Pacific Venture Advisors, run by Australia’s Vikram Mehta but headquartered in San Francisco, who is seen guiding ingogo’s expansion, particularly into the U.S. market, besides bringing access to further capital.

Entrepreneurship, some say, is a lonely battle. Rejoice, it’s no longer the case! The stories of the founders of legendary companies such as Google, Dyson, Facebook, Paypal, LinkedIn, Twitter and Square are, literally, at hand – via podcasts in the voices of their legendary founders, or articles penned by them.

As the mid-winter mark passes, now is a perfect time for you, as a business owner, to start warming up your business’ engine in...

Here’s a myth buster. Startups don't work any longer, or even as harder, than other businesses. And, what’s more, they no longer have to make...

Listen up all ye accountants! Some very uncomfortable statistics are emerging about your profession in relation to SMEs. Almost two thirds (64%) of SMEs would consider replacing some of the roles that their accountant currently performs with a cloud-based accounting system.

Might the two millions SMEs be swing voters in this year’s elections? Potentially, they could, especially when disgruntled.

A clear strategic plan is the foundation of any successful business. A detailed, forward-looking plan covering all key business facets will ensure your activities are geared towards growing your profitability.

The research found that 26% of SMEs expected the domestic economy to improve within 12 months, an obviously welcome increase from the 19% of the July 2012 report.

Conditions remained tough last financial year. Twice as many businesses experienced a fall in revenue and two in three estimated that economic improvement was more than 12 months away. What’s more, the highest levels of SME dissatisfaction with the Federal Government in the history of the research were recorded.

The weeks leading up to Christmas may be demanding for shoppers, but they’re even more so for business owners and their staff. Now is the perfect time to plan for this busy period to increase the likelihood of a successful and happy selling season.

Did you know that one if four Australian SMEs are afraid of cloud computing? Furthermore, according to the same MYOB report, SMEs that embrace cloud computing were 53% more likely to see their revenue rise in the last financial year and were 55% more likely to have more sales/work than usual in their three-month pipeline.

Even though the cloud has been changing business for the better, confusion about its definition and uncertainty about its benefits are still fairly widespread among SME business owners, said MYOB CEO Tim Reed.

The Entourage Group has traditionally run mentoring programs, primarily for the young to learn, in a manner of speaking, at the feet of the old. It might just be the time for a switcheroo – allowing the older lot to learn from the young, and catch up with technology.

New research from MYOB has shown that cloud-computing is raining success down on SMEs. The research shows a pattern of positive financial and operational results. The MYOB research also forecasts more of the same on the horizon. One key finding was that those using cloud technologies for business were 53% more likely to see revenue rise in the past year, making cloud computing the object of envy for SMEs not already using the technology. MYOB, which offers its own suite of cloud solutions, commissioned independent market research firm Colmar Brunton to conduct a nationally representative survey of more than one thousand SMEs.

The Business Monitor, which surveyed 1,004 SME operators, found online business activity such as online transactions, email marketing and social media to be in decline. Less than a quarter (24%) used search engines to promote their business, down from nearly one-third (31%) in March. Social media activity on Facebook, YouTube and Google+ fell three percentage points to 15% and professional networking on LinkedIn fell six percentage points to 13%

The folks at MYOB love themselves a bit of statistic-y goodness. Their latest number crunching shows online SMEs are fairing much better than their not so digital counterparts.

EOFY — end of financial year — is never fun, certainly not as much as a night out. But despair not. If you start now — and do all the smart things — your next EOFY could be a walk in the park. To set you on the right track, here are top 10 tips from MYOB: