Aussies becoming savvier at saving
Recent study by St. George Bank found that 45.3 percent of Australians are managing to save money, with 12.4 percent saving a considerable amount.
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Businesses spawned by the GFC are wired differently
One of the most unexpected trends to emerge from the Global Financial Crisis (GFC) and the recession that followed in many nations, was the number of new businesses which started up even though economic conditions were so difficult.
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Against the odds: Taking on the GFC
When the GFC hit, businesses everywhere were struck by the sudden and intense impact that the worldwide collapse had. But for Paris Cutler and her custom cake business, things hit particularly hard when she had no back up in place.
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GFC has left SMEs ‘once bitten, twice shy’, report finds
Despite a degree of economic stability in Australia compared with elsewhere in the world, a lack of confidence and cost containment issues are threatening to blind local SMEs to future opportunities.
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Hiring tips for tough economic times
Growth is a continual driver for business owners, but how are you supposed to know when and what to grow and what will work best for you?
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Australian CEOs optimistic in first quarter of 2011
Shrugging off a stream of bad news around the globe, the YPO Global Pulse Confidence Index for Australia held steady in the first quarter of 2011, inching upwards by 0.4 point to 63.1. This marks its second-highest level since YPO began measuring CEO sentiment in July 2009, when much of the world was just emerging from recession.
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Business lending declines as creditors crack down
Business-to-business lending rates have declined as creditors get strict about payment terms, according to trade credit analysis conducted by Dun & Bradstreet. It revealed that during the GFC many organisations relied on extended credit terms from suppliers to stay in business but these terms have since retracted.
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Many Brisbane businesses not expected to survive Queensland floods
Many businesses, especially primary producers, are not expected to survive the recent Queensland flood crisis, according to Brisbane Accountancy firm, elliotts.
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5 tips to help your business recover from disaster
For the thousands of businesses affected by devastating floods in Queensland and Victoria, as the physical cleanup is completed they now need to plan their business recovery.
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Twelve factors in business to watch in 2011
With 2010 behind us and the GFC imposed short-termism of the past few years becoming less prevalent, the start of 2011 is a good time for business and political leaders to consider the factors which will shape the months and years ahead.
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Unemployment to rise and businesses to fail as a result of Queensland floods
Not only have the Queensland floods devastated whole communities with water damage and loss of life, but predictions are that affected communities will be hit by an increase in unemployment followed by skills shortage as people rebuild forcing hundreds of small businesses to close.
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Top 10 reasons to lease for small business
Leasing equipment can free up cash for more important needs, here are the top ten reasons to consider leasing as an option for your business.
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Don’t just survive. Thrive!
Based on the results from the latest MYOB Business Monitor, things aren’t too rosy for many Aussie businesses.
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A warning to retailers; stop waiting for recovery
Rather than waiting for the “good old times” to come back, it really is time for retailers to adapt to a new reality. In some market segments trading conditions will remain tough and may deteriorate further.
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Cash flow management a priority for SMEs
Small to medium sized businesses (SMEs) are urged to strengthen their cash flow position now to lessen the risk of liquidity or financial distress, especially after the Australian Tax Office (ATO) is taking a tougher approach to collect outstanding tax debt.
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CBA chairman applauds banking regulation at AGM
Commonwealth Bank of Australia (CBA) chairman David Turner has applauded Australia’s banking regulation during the Global Financial Crisis for helping elevate CBA to the top 15 banks in the world by market capitalisation.
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Friendlier finance options for SMEs?
If you’re a small business owner who’s trying to find money to pay for new business equipment and assets, then you’re probably doing it tough right now.
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One third of new businesses failed during GFC : ABS
Almost one third of new businesses failed between June 2007 and June 2009 according to the Counts of Australian Businesses, including Entries and Exits data released by the Australian Bureau of Statistics (ABS).
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Businesses make the most of travel budgets
Australian businesses are looking to make the most of their travel budget in the wake of the GFC, according to a new survey
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One in six started a new job in the last year (to February): ABS
According to figures released by the Australian Bureau of Statistics (ABS) today about one in six workers started work with a new employer/business during the year to February 2010.
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