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In my previous article, I discussed that companies with access to capital will have a competitive advantage in the marketplace, even though capital is going to be harder to come by. However, while capital raising can provide a myriad of new opportunities and strong competitive advantages for your business, it is not necessarily a panacea for whatever malaise your organisation might be experiencing. It might sound like an obvious statement, but getting people to invest in your company requires a great deal of preparation – yet there are still plenty of companies that eschew the necessary groundwork.
Over one hundred climate and energy-focused shareholder proposals have been put before shareholders of 88 U.S. and Canadian companies in 2010. Interestingly, this phenomenon has yet to rise to the top of shareholder concerns in Australia. 2011 would be a good year to change this.
The establishment of an NBN, as currently proposed, creates a legitimate concern: will Australia supplant one great big monopoly with another great big monopoly? If the controlling body of the NBN displays monopolistic tendencies in pricing and management (which it may have to do given the proposed level of investment), then what benefits will we really be creating?
Not even a sore throat can keep Garry away from the news desk this week. He and Leon discuss the near-certain likelihood of an interest rate rise before the Melbourne Cup, as well as James Packer's surprise sharemarket raid on the Ten Network and its consequences, plus all the latest business news in this episode of Talking Business.
It’s one thing to have a great idea that could potentially make you a lot of money or serve a social purpose, but it’s another to get that idea off the ground. To transform your idea into reality, you will need determination and, just as importantly, you will need funding.
The Packer deal took everybody by surprise. It coincided perfectly with the media reform announcements, but in fact had more to do with maximising shareholder value than with media reforms.