• Business

    ANZ’s four-day work week pilot success a “game changer” for how we work


    Joe Jiang |  July 5, 2023


    Successful trials of the four-day work week in Australia and New Zealand have signalled a need to transform the way we work to achieve sustainable benefits for the employee, the organisation and society, RMIT Professor Zhou (Joe) Jiang, explains.


    Newsletter Sign Up

  • Finance

    Australian middle market continues to power ahead as the engine room of economy


    Mick Wright-Smith |  June 30, 2023


    Banks face several key challenges in lending to middle market companies, Mick Wright-Smith, Co-Founder and Partner, Epsilon Direct Lending explains.


    Newsletter Sign Up

  • Digital transformation

    Embrace digital transformation now or risk falling behind


    Adrian Floate |  June 26, 2023


    Businesses of all sizes need to embrace digital transformation – especially in how they make/accept invoice payments and how this impacts cash flow – as a means of survival in today’s uncertain economic environment, Adrian Floate Managing Director of Spenda explains.


    Newsletter Sign Up

  • Retail

    Retail recession will be life-changing for consumers


    First 5000 |  June 23, 2023


    According to customer experience expert, Lyndall Spooner of Fifth Dimension, the retail recession will be life-changing in a positive way for consumers. While brands are going under and there is blood on the streets, consumers will be the winners.


    Newsletter Sign Up

  • Digital transformation

    SMES to benefit from staff training, digital investment


    First 5000 |  June 22, 2023


    Chartered Accountants Australia and New Zealand (CA ANZ) is encouraging SMEs businesses to act now if they want to benefit from a new tax incentive to train their employees and digitise their business.


    Newsletter Sign Up

  • Cyber security Have your say

    ASIC invites Australian entities to assess their cyber resilience


    First 5000 |  June 21, 2023


    ASIC-regulated entities, including mid market businesses, publicly listed companies, other entities holding licences and authorisations, are invited to take part in a survey to measure cyber resilience in Australia’s corporate and financial markets. 


    Newsletter Sign Up

  • Human resources

    Changes to pay secrecy explained


    Sean Melbourne |  June 14, 2023


    Penalties for pay secrecy clauses have been updated. Sean Melbourne from professional services company Source explains what employers and employees can and can’t do when it comes to pay secrecy.


    Newsletter Sign Up

  • Superannuation

    Federal Government announces payday super from 1 July 2026


    First 5000 |  June 1, 2023


    The Albanese Government has announced it will require super to be paid at the same time as salary and wages from 1 July 2026.


    Newsletter Sign Up

Latest News

  • Banish workplace bullies

    Virginia Harrison     |      November 23, 2010

    It’s a multi-billion dollar problem that affects more than half of Australia’s workforce. Find out how barrister Peter Gorman is acting to stamp out workplace bullying, and how you can make sure it doesn’t set foot in your organisation.

    Gorman has worked with the law for more than 5 decades – first as a uniform policeman, and then detective before moving to the bar.

    In that time he’s seen plenty of bad behaviour.

  • Bookless library the next big thing

    Virginia Harrison     |      November 23, 2010


    I’m not ready for the death of the book.


    Like many, I can’t imagine a world where Kindles line the bookshelf, or the latest title is downloaded rather than carried home from the bookshop.


    Apparently I suffer from a sentimental objection to progress. Read this take on the two types of digital dissenters, sparked by the construction of a library-less American school.


  • Creating a marketplace of ideas and opportunities

    Jeanne-Vida (JV) Douglas     |      November 19, 2010

    At the launch of First 5000 on 20 October 2010 held at NSW Parliament House business journalist Jeanne-Vida Douglas interviewed First 5000 Editor Virginia Harrison.

    JVD: There are literally thousands of Australians out there at the moment working in jobs that they are not enjoying all that much while sitting on excellent business ideas which could blossom into successful ventures, if only they had the know how to take those ideas and put them into operation.

    That’s why I wrote the Profit Principle, with my co-author Peter Fritz, to get those businesses up and running and to get those ideas out there. In a similar vein, the First 5000 business network has been created to bring together Australia’s most successful and entrepreneurial businesses to look for new and innovative ways to grow their enterprises and thereby increase opportunities for, and productivity of, the economy as a whole.

    Virginia can you tell us more about the network you are working to create through First 5000?

  • Tyro charge at the big four

    Virginia Harrison     |      November 16, 2010

    Jost StollmannFEW have been brave enough to take on Australia’s major banks at their own game. Even fewer succeed.

    But 5 years ago the CEO of Tyro Payments Jost Stollmann saw an opportunity to crack into the billion-dollar card payments market – and it’s working.

    “When I started everyone said you must be crazy. They said you cannot compete with the majors in a core banking process. But we have to get away from this idea,” Mr Stollmann says.

  • Asia to drive tourism boom

    Virginia Harrison     |      November 15, 2010


    THE tourism industry has its sights firmly fixed on Asia to deliver growth, as local travellers take advantage of the strong currency and holiday abroad.


    The latest predictions from the Tourism Forecasting Committee show international arrivals to Australia are expected to grow by 5.3 per cent in 2010 and 5.6 per cent in 2011, fuelled largely by an increase in Asian visitors.


    “The Australian economy has become increasingly linked to the economies of Asia with tourism also reflecting the trends in other major export sectors,” Tourism Minister Martin Ferguson AM MP said.

  • Uncategorised

    Get on the virtual high street to boost business traffic

    Virginia Harrison     |      November 15, 2010

    Phil RobinsonLand more business with a tell-all approach – that’s the message from online marketing expert Phil Robinson, who sees many SMEs miss out on customers by failing to advertise effectively.  

    “You need to be fairly verbose about what you do, for it to come up on Google. So you really want to make sure that the answers to people’s questions are out there, online and on your website. If you don’t, you won’t be found,” Robinson says.

    Robinson is the Strategy Director for Hotfrog, a business idea he pitched in 2004 “to break the model of business directories.”

  • Surprise jump in jobless rate

    Virginia Harrison     |      November 11, 2010

    Australia’s jobless rate jumped in October, dampening short-term expectations of an interest rate hike by the Reserve Bank.

    The unemployment rate rose by 0.2 per cent to 5.4 per cent in October, and now sits at its highest level since April.  

  • Women need role models not targets to get to the top

    Virginia Harrison     |      November 11, 2010


    Women need mentors not gender targets to improve their numbers at senior management level, according to a group of top-performing businesswomen.


    Almost three quarters of respondents to a survey of winners and finalists in the 2010 Telstra Business Women’s Awards said mentoring programs for talented young women were vital for greater gender equality.

  • Cablex finds space in offshore markets

    Virginia Harrison     |      November 9, 2010


    Adapt to survive and thrive could be the motto for Melbourne-based company Cablex, which traded telecoms for the space race and built a multi-million dollar business.


    Nearly 30 years ago Michael Zimmer was working as an apprentice when he stumbled upon a gap in the engineering market.

  • Get set for the mobile revolution

    Virginia Harrison     |      November 8, 2010


    Forget the iPhone, it’s all about Android. Find out how harnessing the power of mobile phones could transform your business.   


    Shane Williamson is a telecommunications consultant who advises small through to large companies on how organizations can better utilise mobile technology.


    The self-described “technology evangelist” clients’ include Optus and Deloitte, as well as start-ups looking to enter the mobile market. 


  • Cyber-attacks on the rise for medium-size companies

    Virginia Harrison     |      November 4, 2010


    Cyber-attacks on medium-size companies are growing and most organisations fear a serious data breach would put them out of business.


    The global report by digital security company McAfee found more than half of the mid-size companies surveyed saw an increase in security incidents in the past year.

  • Business credit demand falls

    Virginia Harrison     |      November 3, 2010


    SMEs remain reluctant to take on credit but there are some indications that lending appetites on track to reach pre-GFC levels.


    The Veda Advantage Business Credit Demand Index fell 5.7 per cent in the last quarter on a year earlier. “Given the high cost of raising capital in the current market, many small to medium sized businesses are focusing on cost containment and growing existing business, rather than embarking on aggressive new customer acquisition strategies and other forms of business innovation,” Hamish Osborn, Head of Commercial Risk at Veda Advantage said.


  • Carbon cleansing – tips for SMEs on turning green

    Virginia Harrison     |      November 3, 2010

    Thinking about shifting your business into carbon neutral but not sure where to start?
     

    Pressure on big companies to take responsibility for their impact on the environment has resulted in a swelling of the carbon neutral club, with the National Australia Bank one of the latest companies to join the ranks. But business insights firm Dun & Bradstreet says this kind of corporate responsibility isn’t just for the top end of town.<--break->

  • RBA shocks with Melbourne Cup rate rise

    Virginia Harrison     |      November 2, 2010

    The Reserve Bank has delivered a surprise blow to borrowers by raising interest rates for the first time since May.


    The central bank lifted the official cash rate by a quarter of a per cent to 4.75 per cent. Most economists had tipped the RBA would leave rates unchanged in November after the release of soft inflation figures last week.   

  • Medium-size enterprises tougher than the rest

    Virginia Harrison     |      October 29, 2010


    Medium-sized enterprises demonstrated the highest survival rates during the economic downturn according to the latest report from the Australian Bureau of Statistics (ABS).


    Fewer new businesses were registered last year, to bring the number of actively trading enterprises in Australia down by 1 per cent. Australia has more than 2 million registered businesses. Medium-size enterprises held steady at 4 per cent of all actively trading businesses.