Latest News
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SMEs remain unprepared for business interruption
First 5000 | November 2, 2018Over a third of SMEs do not have a succession plan in place and almost half say their business would only be able to operate for up to a year if they were unable to work, according to a new report by MetLife Australia.
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The danger of always being too busy
Scott Stein | November 1, 2018With the constant barrage of digital information and numerous tasks hitting us 24/7 it is easy to get caught up in the danger of being too busy, however leaders can take a few steps to stay in front.
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The challenges and opportunities of 5G Australia
First 5000 | November 1, 2018ACCC Chair Rod Sims has told attendees at RadComms 2018 that the rollout of 5G networks in Australia will have a significant impact on businesses, consumers and broadband markets.
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Free, fast and binding dispute resolution to improve small business access to justice
First 5000 | November 1, 2018Small businesses with a complaint about a financial firm can now direct their grievances to the Australian Financial Complaints Authority (AFCA) which opens for business today.
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5 tips for building long-term relationships with your customers
Paul Smith | October 31, 2018Building long term relationships with your customers is crucial to any businesses survival. Not only will these relationships ensure ongoing success, they will provide stability within your business, which is key to longevity.
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New migrants are more entreprenurial than home grown citizens
First 5000 | October 31, 2018Immigrants tend to be an economic benefit to their new country, but the debate around immigration is Australia is ignoring the growth they bring to the economy.
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The banking code needs a major overhaul to protect SMEs
First 5000 | October 31, 2018A submission on the interim report of the Banking Royal Commission, lodged by the Small Business Ombudsman, highlights where the Banking Association’s Code of Practice still falls short of addressing the imbalance of power between SMEs and financial institutions.
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New report claims ‘broken system’ fails migrant workers suffering wage theft
Diane Nazaroff | October 30, 2018Less than 10 per cent of international students and backpackers in Australia recover unpaid wages, even when they are aware they are being underpaid.
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Retailers go digital to meet customer expectations
First 5000 | October 30, 2018Customer expectations and competition are forcing retailers to evolve and invest heavily in digital business transformation, according to international forecasting company Gartner Inc.
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ICT industry slams new Federal encryption bill
First 5000 | October 30, 2018The Australian Information Industry Association (AIIA), has outlined its doubts about the Federal Government’s new internet encryption bill in its current form.
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Ways to work smarter in the digital age
Melinda Fell | October 29, 2018People are always urged to “work smarter not harder” – but how can you tell the difference when it comes to working in a modern digital environment?
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NSW’s best exporters announced at Premier’s awards
First 5000 | October 29, 2018Nineteen New South Wales businesses have been recognised and celebrated for their outstanding success and contribution to the state’s trade output at the Premier’s NSW Export Awards held in Sydney.
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Queensland announces artificial intelligence hub
First 5000 | October 29, 2018The Queensland State Government will build a cutting-edge artificial intelligence hub as part of a plan to upskill more of the state’s workers to take jobs in a fast growing AI sector which is “crying out” for properly trained people.
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Study pays off for financial planners
Mark Sinclair | October 28, 2018Innovation and structural adjustment are helping financial planners offer better services to their clients in an ever more stringent environment.
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Culture and challenge in the corporate world
Adam O’Donnell | October 28, 2018There are many definitions of what culture is but it’s best described as “what we do around here to achieve whatever we perceive as success”. People tend to stick with what they know, but encouraging a more open and innovative team culture can pay dividends.