Latest News
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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.
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Do you need an accounting package or an ERP system?
Leighton Jenkins | March 31, 2011
Not so long ago the answer would be simple: a small business needs an accounting package and not an ERP System. Today, the size of your business does not necessarily drive the decision – a medium business can today be just as complex as a large one. -
20 tips on the Fair Work Act
Hannah Mills | March 30, 2011In 2009 and throughout 2010 the Fair Work Ombudsmen recouped $26.1 million in employee underpayments and received 1.1 million calls from businesses enquiring how to pay their staff. This was a result of the new Fair Work Act (FWA).
It is important that employers are aware of their compliance obligations under the Fair Work Act and if in doubt, obtain legal advice.
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AFL’s Swans encourage networking
Helen Hull | March 23, 2011
It doesn’t all have to happen in the boardroom and with the 2011 AFL football season set to start on Thursday (24 March) First 5000 member the Sydney Swans are offering a range of hospitality options.
The Swans, who claim over 1.2 million fans or 32% of Sydney as supporters of the club, believe corporate hosting is a unique experience for both clients and businesses. -
Big opportunities for online retail
Helen Hull | March 23, 2011Now more than ever Australians are going online to shop and it is important to consider your offering.
A recent study on Australian shopper behaviour highlights Australian consumers are frustrated with the limited online shopping options from national retailers.
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Leadership & influence
Mike Myatt | March 23, 2011
You cannot be an effective leader without influence. Let me make this as simple as I can – if you’re a leader, influence needs to be a competency.The key to developing influence is understanding that contacts and relationships are not synonymous. Don’t confuse a database with a sphere of influence. A database consists of information records, and a sphere of influence consists of meaningful relationships built upon a foundation of trust – a point of distinction lost upon many.
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Australia’s small medium size enterprise threat
Lindley Edwards | March 21, 2011In current times, the truism for most economies is that job growth and future economic prosperity lies in thriving small to medium size enterprises (SMEs).
Generally large corporates are operating more efficiently, outsourcing globally and using greater amounts of technology – all of which shrink employment.
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Booking affordable boutique hotels
Helen Hull | March 17, 2011Finding the right travel accommodation to suit your company and its budget can be a challenge for any business.
There are endless opportunities in the marketplace from high end large five star hotels, those catering for the business traveller and budget hotels.
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Conference to explore social media
Helen Hull | March 17, 2011
Many businesses are struggling to keep up with social media and are failing to integrate it into their overall marketing strategies despite Australia leading the social media revolution in terms of usage.
To help marketers understand the importance of the medium, communications company PMP Limited is hosting international and national experts to provide best practice and insight on the subject through the Schmart marketing conference. -
Intuitive management or logical management?
Anne Fritz-Cohen | March 17, 2011An intuitive manager must first learn to be a logical manager.
Over the years much has been made of the right-brain/left-brain dichotomy, identified by Barnard a long time ago – in 1936. Intuitive vs logical dominant brain halves, feminine vs masculine ways of thinking, artistic or systematic minds are some of the terms that are still used in populist literature to describe ways in which our brains operate.
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Know-how: tips to manage your information load Part II
Rodney Coyte | March 17, 2011
A few weeks ago I discussed the importance of business relationships as the first key to effectively managing knowledge.
This time I will explore how knowledge capture was incorporated into internal processes and business practices to align offerings with customer needs and reduce the SMEs’ cost structure.
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Custom Fluidpower safety program delivers
Helen Hull | March 9, 2011Workplace safety is a high priority for companies and many are developing programs to ensure their record remains unblemished.
Fluid power solutions company, Custom Fluidpower developed a Zero Harm Safety program for employees 18 months ago as part of a plan to achieve no lost hours to injury.
Custom Fluidpower HR & OHS manager Gary Brewer said the company has created a Zero Harm Safety Philosophy which outlines safety requirements for every job.
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Diversification key to success
Helen Hull | March 9, 2011
A great way to take your company to the next level is to have a diverse board with an independent director.
Claire Braund, executive director of Women on Boards, told First 5000 that it is important for medium-sized companies to step out of their comfort zone and appoint someone from outside the fold.
“The reason that you have diversity on boards is because most companies thrive and benefit under a regime of diverse views.”
