19
Nov

Planning the next steps for business growth

Small businesses wanting to grow must look at ways to “professionalise” – particularly in their finance management systems – before taking the next step. What works for a start-up with just one or two people, doesn’t work for an organisation that has experiencec business growth and has, say, half a dozen employees. When I talk...
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19
Nov

SMEs remain resilient and upbeat despite tough conditions

The recent Westpac RFi SME Mindset Survey found seven in 10 small business operators believe it’s getting harder to run a business in Australia; a sentiment also echoed by the latest Westpac-Melbourne Institute SME Index which reported small-business confidence in Australia has fallen to the lowest level since June 2016. To really flourish, small businesses...
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19
Nov

Letting go is the key to success

Everyone wants to succeed. But many people don’t realise, they are their own biggest obstacle to success. One of the easiest ways to free up time and energy is to learn to let go of the things that don’t matter; so that you can focus on what does. So, let’s see what that means in...
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13
Nov

Beware of Competitors Strategy

Competitors are out there, whether you like it or not. They are as hungry as you are. In fact, they are just hurdles in your way towards success. So, what can be done to get past these hurdles? First and foremost – do you have enough e-commerce product content? Because increasing the number of customers...
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13
Nov

How AI is shaping the future of business decision making

Artificial intelligence (AI) is helping inform key business strategies among start-ups, small businesses and well-established companies. However, we’re only beginning to scratch the surface of what AI can do – its impact moves beyond merely analysing raw data. Business leaders need to adopt a new mind and skill set to strategically implement the valuable insights...
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13
Nov

Investment in start-ups continues to hit new highs

Australia’s start-up sector has yet again enjoyed a quarter of growth in venture capital, according to KPMG’s Venture Pulse Q3 2018. Q3 2018 totalled $317 million across 27 deals, exceeding every other quarter in the dataset excepting Q2 2014. Key Australian deals involved Judo Capital, Airwallex, Culture Amp, Flare, Gilmour Space Technologies, Simple, AgriWebb and...
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7
Nov

Social platforms helping SMEs grow jobs and deliver significant economic value

Facebook recently engaged PwC Australia to explore the economic and social benefits that Australian businesses and communities experience from connecting on Facebook. The report, Connecting Benefits, profiles some of the measurable benefits of Facebook and highlights two key outcomes from the adoption and use of online platforms such as Facebook and Instagram: The overcoming of barriers...
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7
Nov

Why investing in technology can help SMEs grow

The perceived cost and risk involved in adopting new technologies can deter SMEs who prefer to take a less risky approach. Furthermore, with so many innovations in technology to choose from, it can be hard for a business with finite resources to decide where to direct their investment. However, recent research conducted by Epicor proves...
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