Security is an ever-increasing threat for organisations and individuals and with the introduction of the Notifiable Data Breaches Scheme (NDB) on Thursday (22 February), data security is now firmly on the agenda of businesses across Australia. While the scheme applies specifically to Australian businesses that have an annual turnover of more than three million […]
Rising employee turnover remains a significant challenge for Australian businesses. Every time a resignation letter lands on your desk, it will cost you up to 150% of the vacant position’s annual salary to restaff the role. That comes in the form of recruitment and advertising expenses, as well as training costs and lost productivity as […]
Over the years we’ve heard plenty of grandiose plans for businesses that never eventuate and untold numbers of excuses for not hitting the targets that were bragged about at the start of the year. As accountants, we’re not really interested in all of that, what we’re interested in is the numbers because they tell great […]
If “location, location, location” is everything in real estate, then “preparation, preparation, preparation” is equally important when selling a small business. There are many reasons why a small business owner might decide to sell, but preparation is the one common ingredient that can make the difference between a sale and a fail. The single most […]
Boredom is most people’s worst nightmare – and it’s the number one killer of workplace motivation. When it comes to performing the duties of any given job, the doer will have a timeline for boredom. Prolonged repetition will naturally lead their brain to a point where it says ‘thanks, but no thanks’, and then completely […]
Employers often get the most out of their employees at the very beginning of their tenure, when the employee is keen to impress, eager to make a good impression, and excited to learn new things. But the honeymoon period doesn’t last particularly long, with most people becoming comfortable enough to rest on their laurels and […]
Attracting and retaining the next generation of leaders is an increasing challenge not limited to any one sector, due largely to Gen Y (aka millennials) having different expectations for their careers. Job loyalty is far less of a consideration for young workers, making it difficult to retain talent. In fact, 50% of Gen Y believe every job […]
Whether you call it the ‘sharing’, ‘gig’, ‘freelance’ or ‘on demand’ economy, the way we work and hire has changed significantly in the past few years. Now, 30% of Australians are undertaking some form of flexible freelance work. Over in the US, around 35% of the workforce is now considered ‘contingent’, with that number estimated […]
Succeeding in business today doesn’t just require good talent – it requires great talent. It also requires great products, a smart strategy and an internal desire to innovate and thus stay ahead of the competition. But let’s focus our attention back on talent. After all, it’s one of the most important components of business today and all around us we […]
In the space of 21 months, business partners Nik Mirkovic and Alex Tomic have transformed their DIY teeth whitening product into a multi-million dollar ecommerce business with a global customer base. The success of HiSmile, which launched in December 2014, is attention-grabbing for a number of reasons. For one, success was achieved in the absence […]
