Author at Dynamic Business
Small businesses are pleading to be paid on time, with Ombudsman Kate Carnell urging big businesses not to use the COVID-19 economic downturn as an excuse not to pay up. The reports of big businesses using COVID-19 as an excuse to delay payments to their small business suppliers is disappointing. “Now is the time for […]
‘Soft skills’ in leadership refer to a host of skills that differ from hard skills, and include empathy, teamwork, flexibility, positivity, adaptability and many more. They differ from the ‘hard’ skills that we are likely to see on CVs or Cover Letters in that they have more room for debate or interpretation. For example, a […]
A $130 billion wage subsidy scheme (JobKeeper) has been announced by federal government to support businesses during the COVID-19 pandemic. The plan to subside wages, known as the JobKeeper payment, is historic, with Treasurer Josh Frydenberg stating to Sky News this morning that Australia has “never seen income support like this.” Prime Minister Scott Morrison […]
A third round of stimulus is expected soon in the hopes of keeping the economy afloat during the COVID-19 pandemic, with more details on Morrison’s reference to “hibernation” for small business included. Recent updates from the COVID-19 pandemic from the weekend include the limitation of gatherings to just two persons, and the government’s announcement of further […]
We’re interrupting the coronavirus/small business coverage briefly, to bring you our regular entrepreneur Friday with Luke McLeod, who is the founder of Soul Alive. The meditation startup is bringing calmness into a world of panic and uncertainty… so it’s particularly relevant right now with the coronavirus pandemic escalating across the world. With meditation and self-care on […]
As the coronavirus pandemic continues to have a global impact on the foodservice industry, Australian hospitality owners are encouraged to take some important steps to help them ride out the storm. Hospitality owners should be looking closely at their last P&L statement to see where the impact will be felt. If sales fall, how will […]
Last week we brought attention to the fact that sole traders had been missed out in the first stage of the stimulus package put forward by government during the COVID-19 pandemic. The Small Business and Family Ombudsman, Kate Carnell, called for more support for businesses that do not employ staff, saying they needed “income support […]
Cash flow is a huge concern for small business at the best of times, however with the unprecedented coronavirus pandemic also, today’s Let’s Talk is especially important. We have made sure to give you the best information possible regarding support during this challenging time, such as: Stimulus package break down Advice for working from home […]
Yesterday the prime minister Scott Morrison announced a second stimulus package of $66 billion to help the economy survive the impacts of the COVID-19 outbreak. The federal parliament could sit for just one day today to pass the government’s stimulus measures as quickly as possible, before members of parliaments reduce meetings for social distancing purposes. […]
Small businesses impacted by the coronavirus crisis will be able to defer their loan repayments for six months under a plan put forward by the banking industry. Australian Banking Association chief executive Anna Bligh said, “This is a multi-billion-dollar lifeline for small businesses when they need it most, to help keep the doors open and […]
