Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More Australians turning away from home ownership A new study suggests that younger Australians are choosing to invest their money in stocks over buying a home. Around 43 percent said they would choose to invest their money instead of spending it, and 38 percent of those saying they would… Read more
When you run your own business, it’s tempting to take on every responsibility. There are many reasons for doing so: because you want something done a specific way, because you don’t have the time to explain how to do it, or because you’re not sure someone else can handle the task. Delegating saves you valuable time and energy. Sharing duties with your team also fosters a sense of responsibility, engages… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Xero Report: Small Business Creation at Record Levels Landmark research from Xero has revealed new small business registrations in Australia are at unprecedented levels, growing 34% from 225,000 in 2019 to over 300,000 in 2021. Over the next 10 years, an estimated 3.5 million small businesses are expected to… Read more
Small business owners often feel that they have to do something to stand out from the crowd and attract an audience. If that’s how you feel, you’re definitely not alone. Many business owners try to stand out by creating fancy websites that grab attention. Those may work in the short term, but it’s worth considering other ways to market yourself as an industry leader and build relationships with your ideal… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Latest Changes in Travel Rules The requirement for people travelling to Australia from overseas to test negative for COVID-19 before arrival has been lifted. A ban on international cruise ships coming to the country and a rule preventing rapid antigen testing price gouging have also ended. You can find… Read more
If you want your business to continue growing and thriving, you’ll need to find ways to bring in new clients. Here are 5 ways you can find new clients for your business. 1. Set aside time for marketing Regardless of whether marketing is your preferred activity, you need to set aside time for it. It’s easy to put marketing at the bottom of your priority list, but doing so makes… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Mask Mandate to be Dropped in South Australia South Australians will be spared from wearing masks in most public indoor spaces from Good Friday, but will still be required in high-risk settings such as hospitals, aged care or residential disability facilities, on public transport and in ride-sharing vehicles. Business… Read more
Financial independence is an important goal for many people. It means you have the ability to support yourself financially, without relying on others for assistance. It also means you control your finances because you make your own financial decisions, rather than someone else making them for you. Regardless of who you are, financial independence makes it easier for you to achieve your dreams. It also gives you the peace of… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Central Bank Opens Its Door to Interest Rate Hike The central bank dropped its previous pledge to be “patient” on policy, signalling a step towards an eventual tightening. While the Reserve Bank of Australia (RBA) kept its cash rate at 0.1%, it noted inflation had picked up and was… Read more
With the potential for business life to return to something resembling normal, it’s a good idea to take a look at your budget and see where you may need to shift some of your priorities. Pay attention to how your spending over the past few years affected your business and either helped you achieve, or took you away from, your overall goals. Considering how your business and your employees functioned… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Federal Budget 2022 Find out how the Federal Budget 2022 affects you. ABC News offers a summary of Treasurer Josh Frydenberg’s latest budget, indicating who’s getting a cash boost and who’s not. Bonus Tax Deductions for Small Businesses The Technology Investment Boost allows small businesses to claim 120% of… Read more
Businesses are increasingly moving online to expand their reach and provide the best possible experience to their customers. Being online, however, means more competition, so business owners must come up with ways to amp up their game to gain a bigger market share. If you own an ecommerce business or are looking to start one, read on to learn about ways to delight your online customers. Put the buyer’s journey… Read more
With social media, you can connect with business associates quickly and creatively. But this communication mode is not without risk. A thoughtless post can offend customers and other business partners and damage relationships rather than build them. By following a few ground rules you can be confident your comments and posts will be appropriate ones. Check Your Messages for Grammar and Spelling Your co-workers and business partners evaluate your… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia to Produce Its Own mRNA Vaccines Moderna’s Covid-19 vaccines and other mRNA jabs will finally be made in Australia after the government finalised a production deal with the US company. Moderna will build a new production facility in Victoria and supply the country with 100 million doses a… Read more
Whether you’re an entrepreneur seeking lucrative new partnerships or a skilled worker in search of the perfect job placement, LinkedIn is the social network you need to be using. As the world’s premier social network geared towards professionals from all walks of life, LinkedIn is effectively your online portfolio and résumé. Companies all over the world use it daily to seek out valuable new connections, but with some 350 million… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Entry Ban for Cruise Ships to Be Lifted After two years, the government announced that it would lift its entry ban for international cruise ships next month. This could potentially boost a tourism industry impacted by COVID-19 restrictions. New Zealand Opens Borders to Australians Fully vaccinated Australians will be… Read more
“Mentoring is a brain to pick, an ear to listen, and a push in the right direction.” — John Crosby The opportunity to learn from a mentor can do more for a small business owner than any course, educational program, or degree. Being a mentee means you get the benefit of first-hand experience, without having to make all the mistakes yourself. There are, in fact, a host of reasons why a… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. COVID-19 Vaccine Claims Scheme The government is developing a claims scheme to provide a simple, streamlined process to compensate eligible people who suffer a moderate to significant impact following an adverse reaction to an approved COVID-19 vaccine without the need for complex legal proceedings. The scheme covers the costs… Read more
Small businesses can grow in boom times as well as periods of difficulty by working smarter and taking advantage of opportunities. Put these following effective tips into practise to help grow your business. 1. Utilise new technology Modern technology can save you time, improve productivity and reduce your operational costs. Make use of Facebook, Twitter, Google+ and other social media tools to market your business. Dropbox is a cloud-based service… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. WA Border Reopening After 697 days, Western Australia has finally reopened its borders. From 12: 01am Thursday, a long list of new restrictions is expected to stay in place for four weeks. Strong Economic Growth at the End of 2021 The economy has reported its equal-best quarter of growth… Read more