• Insurance Superannuation

    New opt-in life insurance rules for young workers


    First 5000 |  November 17, 2018


    A new requirement for young Australians to consciously opt-in for life insurance inside superannuation plus other super changes contained in the 2018-19 Federal Budget represent sensible public policy and highlight the need for an overhaul of current group life arrangements.


    Newsletter Sign Up

  • Conversation Growth and Jobs Human resources

    Will technology take your job?


    David Fagan |  November 17, 2018


    Will we all be replaced by robots and computers? New analysis says more of us are safer than we thought, but some people will still need new professions.


    Newsletter Sign Up

  • Green Business

    Green Roofing Startup: how to make it thrive


    Lillian Connors |  November 17, 2018


    There is no denying that the environmental revolution taking place in recent decades around the world has created an opportune environment for aspiring entrepreneurs who want to kick-start their own business in the eco-friendly market.


    Newsletter Sign Up

Latest News

  • Tax breaks not the recipe for economic growth

    Virginia Harrison     |      October 19, 2010

    Prof Beth WalkerMEDIUM-size enterprises are the poor cousins of big business with little policy influence, despite their powerful productive capacity.

    Professor Beth Walker from Edith Cowan University (ECU) School of Management argues both sides of politics have failed on business policy. Perhaps it’s time for a medium-enterprise caucus.

    “Neither side had any policy this election. They always talk about reducing the tax rate, but it’s such a tiny amount for most businesses. It doesn’t add up to much. They talk about putting in some small incentive. None of them came up with any new initiatives about how to get more productivity.” She said.

  • Getting old gracefully: how to prepare for the ageing workforce

    Virginia Harrison     |      October 19, 2010

    Adrian WalshBUSINESSES are in a race against time as more workers enter retirement and leave companies parched of skills, experience and resources.

    Managing Director of Adrian Walsh & Associates Adrian Walsh has provided human resources, consulting and business development services to the mid-size market for more than 20 years.

    He says employers underestimate the threat the ageing population will have on their business.

  • Beware the inside job

    Virginia Harrison     |      October 19, 2010

     


    Smaller businesses face a much higher chance of employee fraud than large organisations. Forensic accountant Arnold Shields tells how companies can minimise the risk of an inside job.

    The $20 million embezzlement by a former accountant of Clive Peeters which brought the electronics retailer to its knees sounded a fresh warning to management on fraud controls.

  • Price-fixing: Using technology to raise retail margins

    Virginia Harrison     |      October 19, 2010

    Michael WaymarkAt nearly eight o’clock on a Friday night a liquor-store owner scans his shelves and makes a competitive decision – time to bump the prices up 10 per cent.

    It’s a move many retailers execute at peak times, requiring manpower to print the updated labels and manually change them throughout the store.

    Imagine if with the press of a button, you could change all the prices across your store at once.

  • Invest in people and exploit digital tools to understand your customers

    Virginia Harrison     |      October 19, 2010

    Nicola FeeneyMarketing guru Nicola Feeney explains how mid-size companies can brand better.

    ‘Make sure you have a unsubscribe button’ is a key message marketing expert Nicola Feeney offers clients trying to come to grips with advertising in the digital age.

    Telling potential clients to ignore you might sound odd, but with more than two decades of experience Ms Feeney’s approach of ‘communicate, don’t stalk’ has paid dividends for scores of organisations.

  • Cafe OZ: OECD economist putting theory into practice

    Virginia Harrison     |      October 14, 2010

    Jonathon CoppelAfter decades spent advising on the economy Jonathan Coppel decided to roll up his sleeves and hit the frontline. 

    Several years ago the OECD economist launched Australian-themed bar Café Oz in his adopted home town of Paris

    “We saw the emergence of Irish bars in Paris and people would always say oh Australia, we’d love to go, but it’s just too far. So we thought we’d bring a bit to Europe.”

    It took nearly two years to get things off the ground, and Mr Coppel said getting investors on board was the hardest part.

  • To market, to market: tips and traps in commercialising an idea

    Virginia Harrison     |      October 14, 2010

    It’s every entrepreneurs dream. A killer business idea, a new product or specialised service, hits the market and finds instant success. 


    But the road from creative concept to genuine money-earner can be a rocky one.


    Intellectual property (IP) lawyer Geraldine Farrell specialises in the commercialisation of IP and technology.  As Special Counsel at Griffith Hack Lawyers, Geraldine sees plenty of ideas in their embryonic stage, along with the best and worst attempts at taking an idea to market.


    She spoke to First 5000 what to look out for on the pathway to commercialisation:

  • Human Capital Matters

    Les Pickett     |      October 14, 2010

    Imagine you came to work tomorrow morning to find that the buildings, plant and equipment are all in place. The computer is chugging away collecting and processing data but there are no people. They have all gone.


    How much would it cost to replace your entire workforce? These are people with expertise, knowledge and experience. People with an understanding of your industry and your company. People with professional competence.


    Add to this the cost of lost profits and lost customers… the impact on your suppliers, shareholders and other stakeholders.

  • Retail trade strengthens in August

    Virginia Harrison     |      October 14, 2010

    Caffe Latte Photo Courtesy of avlxyz's Flickr PhotostreamRetail trade rose for the sixth straight month in August but the pace of the gains has eased.  

    Sales were up 0.3 per cent for the month compared to a rise of 0.7 per cent in July according to the Australia Bureau of Statistics (ABS).

    Cafes, restaurants and takeaway food services were the best performers, up 1.5 per cent.

  • OECD official on Australia’s standing in the global recovery

    Virginia Harrison     |      October 14, 2010

    Jonathan CoppelJUST over two years on from the collapse of Lehman Brothers the recovery is slow, but international policy-shapers maintain economic rebuild and reform efforts are on track.

    “Globally we’re in a recovery phase, a very mild one. We’re seeing modest recovery in consumption with very high levels of unemployment and limited increases in wages.” Jonathan Coppel economic counselor to the Secretary-General of the Organisation of Economic Development (OECD) said.

    “At the moment we are looking at frameworks for strong, sustainable and balanced growth. We are looking at what contributed to the GFC and what can create growth, including the impact of different structural policies.” He said.

  • UPDATE: A merry Christmas to drive growth

    Virginia Harrison     |      October 11, 2010

    Detail from Christmas retail scene Photo courtesy of Digital Cat's Flickr PhotostreamOctober 2010: Strong Christmas trading is expected to drive economic growth, as executive’s fears about interest rates ease slightly

    The latest Dun & Bradstreet Business Expectations survey reveals improvement in all 6 key indicators of business strength.

    That includes a small lift in employment expectations which weighted on the index last month.

  • The good, the bad and the ugly: getting to know your business

    Virginia Harrison     |      October 1, 2010

    Phil DoyleGetting to know the ugly side of your business might just be the trick to move things up a gear.

    Virginia Harrison spoke to Phil Doyle from Curtin University. They’ve been running hands-on business development programs for small and mid-size businesses as part of the Curtin Growth Owner program for the past 15 years.

    The so-called “pocket MBA” delivers practical lessons from business people, rather than academics.

  • The Outlook for Australian Trade in the 21st Century

    Andrew Leigh     |      September 20, 2010

    Transcript of the address delivered by the Hon. Andrew Leigh MP to the Global Access Partners National Economic Review: Australia’s Annual Growth Summit on 17 September 2010.

    I would like to begin by acknowledging the traditional owners of the land on whom we are meeting today. I would also like to thank Peter Fritz, Catherine Fritz-Kalish, and Lisa Middlebrook for involving me in this really stimulating discussion.

    As I understand my role, it is to provide a relatively high-level overview on trade to kick-start discussion with the other speakers, who will focus on more direct policy-relevant topics.

    My interest in trade comes about partly as an economist – it’s almost a stamp of entry into the profession that one must be a free trader. But also then having a policy interest through having worked for 18 months for the later Senator Peter Cook.

  • SPEECH: Building on our Strengths

    Wayne Swan     |      September 20, 2010

    Following is a transcript of the speech delivered by The Hon. Wayne Swan MP, Deputy Prime Minister and Treasurer to the opening dinner of the Global Access Partners National Economic Review: Australia’s Annual Growth Summit, Sydney, 16 September 2010.
     

    Thanks very much for having me here today and thanks Lisa [Middlebrook] for that introduction.

    Can I welcome Jonathan Coppel, Senior Economic Adviser to the Secretary General of the OECD – who’s sitting over there at my table. Jonathan I hope you enjoy your time in Australia.
     

    It’s great to be involved in marking the opening of Global Access Partners’ National Economic Review, which focuses on “how to boost Australia’s global competitive advantage and drive sustainable growth”. This is the essence of the Government’s mission and I’m looking forward to stepping through some of that for you tonight.

  • SPEECH: A Prescription for Australian Innovation

    Martin Duursma     |      September 20, 2010

    The following is based on the speech delivered at the Global Access Partners National Economic Review: Australia’s Annual Growth Summit, 17 September 2010, by Martin Duursma, CTO Office Chair, Vice President of Citrix Labs, Citrix Systems.

    Let me frame the discussion with a couple of statements:

    1. The greatest barrier to success is the fear of failure.
    2. Failure is good.

    Today all of us find ourselves in an Australia that is one of the leading economies in the OECD, in large part due to our good fortune with our resources boom. But, is this a long term condition? Indeed if you think about the word ‘boom’, isn’t it usually followed by the word ‘bust’?

    Do we want to tie the long term success of Australia, our people, our society to such dependence on one type of economic activity?

    I think Australia needs to broaden its economic base.