Latest News
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Economic snapshot – June
Alan Oster | June 3, 2011
The weakness in the March quarter GDP creates a perfect storm for a central bank attempting to tighten interest rates in response to the underlying strength of the economy.
While the Reserve Bank is looking forward to emerging inflationary pressures, it’ll be difficult to avoid the tactical complications presented by the recent slowdown in our economy.
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Collingwood taps social media
Helen Hull | May 30, 2011
Facebook is the most popular social network platform with one in four businesses having a Facebook presence, according to a recent study.
First 5000 member, the AFL’s Collingwood Football Club became active on Facebook and Twitter in early 2009, initially using them as tools to drive users back to the club’s website. -
Independents key to change
Glenn Druery | May 24, 2011It is easy to fall into the trap of believing that politics is something that only happens in the hallowed halls of Canberra or the sandstone buildings of Macquarie Street.
You could be forgiven for thinking that that the most impact you can have in politics is by the exercise of your democratic right once every few years.
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Australian retail community under threat
Jost Stollmann | May 20, 2011The digital economy will allow the big retailers to expand their domination further squeezing the remaining retail community.
The increasing preponderance of smartphones and ever-present broadband access allows the big retailers to deploy customer engagement strategies bundling financial and marketing services capabilities.
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Get into bed
Geoffrey McDonald Bowll | May 9, 2011Let’s do something the ACCC is going to hate, but can’t do much about. Get together with competitors.
There’s two sorts in business. The bulk want to make friends, have a few laughs, go to work in a good mood, enjoy the day, make a buck. The others, the nasty minority, think it’s about conflict and competition and killing the other guy.
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Telstra launches 2011 Business Women’s Awards
Helen Hull | May 2, 2011
Telstra has launched the 2011 Business Women’s Awards which have over the last 16 years uncovered amazing and inspiring business women and their extraordinary journeys.
Almost a quarter of women recognised as inspirational leaders in business through the Telstra Business Women’s Awards have joined a board following their success.
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PM Gillard talks Getting Aussie Business Online
Kate Dixon | April 20, 2011Well, it isn’t every day that the Prime Minister talks about MYOB but in late March we were in Perth to talk about Getting Aussie Business Online with Prime Minister Julia Gillard, and Federal Minister for Broadband, Communications and the Digital Economy, Senator Stephen Conroy.
They were speaking about plans for the National Broadband Network and the need for businesses to get online to take advantage of the digital economy.
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Managing cash flow in the growth stage
Suelen McCallum | April 19, 2011For many medium businesses, growth is the barometer for success. But expansion can present challenges and one of the critical issues in any company when it is experiencing a healthy level of growth is cash flow.
In this article, I look at the reasons why cash flow is important and why growth often contributes to a lack of funds.
Cash flow basically means ‘Do I have enough cash in my bank account to cover my expenses?’ Sounds simple, but you’d be surprised at how many people ignore this. And not just small business either! Medium sized businesses have often achieved the desired levels of sales and growth but fail to realise what effects that growth has had on cash flow. -
Boost founder says push boundaries
Helen Hull | April 13, 2011Success in business is about attitude and not being afraid to make mistakes, according to Janine Allis founder and director of Boost Juice Bars.
Speaking at PMP Limited’s Schmart Marketing Conference in Melbourne and Sydney last week (4 and 6 April) Allis told marketers, advertising agencies and business managers you must make mistakes and push boundaries to find where your level is.
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Meta boards and collaboration
Lindley Edwards | April 13, 2011Recently Prof Drew Dawson, a non executive director of various organisations and the director of multi-disciplinary collaborative research centre at the University of South Australia and I had dinner.
In our dialogue we explored the concept of Meta boards.
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Protecting your equity, not just your property
Craig Boss | April 13, 2011
Protecting your business against the unexpected departure of a business partner is one of the most important insurances you may ever need.
Many businesses will insure their premises, equipment, and stock. They will take out worker’s compensation and public liability cover. However, they give no thought to the potentially devastating damage to the business caused by the unplanned exit of a business partner due to death, illness, or injury.
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What areas of regulation should COAG target for reform? | Have your say
Sally Rose | April 11, 2011First 5000’s sister publication Open Forum is currently hosting an online National Regulatory Reform Survey on behalf of the Queensland Office for Regulatory Efficiency, Queensland Government.
On 13 February 2011, the Council of Australian Governments (COAG) tasked its Business Regulation and Competition Working Group (BRCWG) with developing options for a future national regulatory reform agenda for COAG’s consideration by the end of 2011.
The SURVEY closes midnight, Friday 15 April 2011, AEST.
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Business process review online seminar
Helen Hull | April 5, 2011Getting your business management system right can deliver a lot more than a few new software features and extra buttons to click on a screen, according to MYOB Enterprise Solutions.
“If you can map out and define your business processes and then build your system around them, you can transform your entire operationally approach – and deliver real, quantifiable business benefits,” MYOB Enterprise Solutions marketing campaign manager Loucielle Estève said.
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Australia’s small medium size enterprise threat part II
Lindley Edwards | April 5, 2011What are some of the ways that Australia can intelligently deal with the challenge that the tax office is becoming a default bank for medium enterprises.
Joining me in this discussion for some additional commentary is Suelen McCallum of dVT Consulting, a chartered accountant and corporate turnaround expert.
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Why is an agreement not an agreement?
Ray Levin | April 4, 2011Cash flow for all businesses is king. Without the ability to fund yourself even very successful businesses can be forced to the wall.
In the old days a 2:1 debtors to creditors ration meant that you were very healthy.
