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The Australian Bureau of Statistics states that 50% of all SME operations go out of business within three years and over 40% of these failures are due to poor cash management.
There are three major trends in the business world which are driving demand for Virtual Chief Financial Officers (VCFOs). The rapidly growing number of start-ups...
The Australian banking “cartel” has been the thorn in the SME’s side. Now that financial disruption is on the front page it will be interesting to see what happens with Apple Pay and the banking cartel.
How often do we hear or read that a lack of strategic planning and operational management is the cause of an SME to fail? It happens far too often, but it doesn’t need to with a little foresight and planning.
The wholesale trade, retail and construction industries are turning to non-bank business lenders when seeking funding, according to a survey conducted by loan matching app eBroker.com.au.
A Melbourne based start-up specialising in 100 per cent Australian owned and operated web hosting, and says it will dominate both the local and international hosting market.
Barry Lehrer is the founder of a tech start-up, DiffuzeHR. He is also turning 57 this year. He shares five lessons from his 20 years in the start-up scene
Andrew Watson, the Executive Director, Export Finance, Efic shares three different ways that Australian SMEs can drive export growth through innovation
The Middle East is an exciting export market for Australian SME exporters if they know how to identify the opportunities and understand the potential risks
As a small business owner, you may think it’s crazy to think about focusing on your Ideal Client. I mean, any client is a...
Ingogo seemed to be the best thing to happen to Australian taxis since… the taxi. And with its recent announcement of an additional $9.1...
We know you entrepreneurs don’t like depressing statistics. But if you’re the real deal, you’d be able to handle the truth. One in three of...
As the end of the financial year (EOFY) draws closer, many SMEs report they are not waiting until after June 30 to get their...
Mobile devices are where it’s at. This is something we all know. Having a mobile-formatted website is simply a must-have at this point. In spite of this seemingly compulsory information, survey says: (dramatic pause) - Fewer than ten-per cent of SMEs in Australia have mobile-friendly websites. Ouch.
A survey by Regus , a global workspace provider, has found cash flow to be the top concern of startups and SMEs, amid a broad global slowdown. As much as 57% of Australian business leaders in the online poll listed it as the biggest barrier to their growth.
SME leaders should also be mindful of some larger lessons from the Olympic Games. We don’t all work only for money. The desire to make a difference and win recognition are far bigger. So are job satisfaction and the spirit of being part of a team.
Not only do Australia's small and medium enterprises 70 percent of the nation's workforce, but they're more likely to employ your Aunt Mathilda than that industrial behemoth down the street. That's just a couple aspects of a snapshot of the little companies than can, as snapped by the SME Association of Australia, a nonprofit support organisation.
Bold statement alert: Everybody lives by selling something. Why then do so many of us leave the sales process to chance? It’s interesting that the majority of Australian business leaders - whether from big business or the SME sector - all experience similar challenges with sales planning, sales prospecting and sales communication. Many businesses lack robust sales processes for its products, services and people - this is a big business blunder.
There are few fully paid up members of the ‘We Heart Gillard’ fan club among Australia’s small-to-medium enterprises, according to the April MYOB Business Monitor special report, which has found that a mere 23% would vote for the Prime Minister and her peeps if an election was held in the near future.
Many of Australia's small- and medium-sized business are at risk of being eclipsed by larger competitors in digital marketing. Sensis and its Yellow Pages team of digital experts are embarking on a tour of Australia to help SMEs become more digitally savvy.