The recent Westpac Consumer Sentiment bulletin for December 2023 sheds light on key indicators that could significantly impact SMEs across the country. The economic landscape for Australian SMEs in 2023 is marked by challenges but also opportunities for proactive and strategic businesses. Consumer sentiment in Australia rose slightly in December 2023, but remains well […]
Are you a business brimming with innovative ideas? Protecting your creations is crucial for success in today’s competitive market. In this week’s edition of “Let’s Talk,” we delve into a crucial aspect of business and innovation — the intricate world of intellectual property. From decoding the intricacies of patent registration to understanding the role […]
AI is a tempting proposition for businesses of all sizes, promising efficiency, productivity, and cost savings. But behind the shiny veneer of AI technology is a stark reality: Australian businesses are losing money due to poor integration and digitisation. It’s something that big organisations and government departments aren’t immune to either. One of the […]
Builders now have clarity on whether retention money claims can be made as payment claims thanks to a ruling by the Supreme Court of Victoria regarding the Building and Construction Industry Security of Payment Act 2002, otherwise known as the SOP Act. The upshot is that, thanks to the ruling, claims for retention moneys […]
For small businesses, managing money wisely is crucial. Imagine it like navigating through a maze of challenges. The big obstacles are things like insurance, energy costs, and taxes—stuff every business has to deal with. It’s a tricky balance between spending smart and growing steadily. According to a report in December 2023 about businesses in […]
Automation is really important in today’s digital world. But not everyone knows how to code. That’s where no-code automation tools come in. These tools make automation accessible to everyone. They have easy-to-use interfaces that let people connect apps, simplify processes, and do complex tasks without coding. This guide introduces different no-code automation platforms. They […]
Research by leading small business lender OnDeck Australia has dispelled the myth that the festive season is a sales bonanza for the nation’s small businesses. Among 500 small businesses surveyed by OnDeck, just one in five (22%) said Christmas is a peak revenue period. Drilling down further into OnDeck’s findings, only one in two […]
At the core of the relationship between an employer and an employee is the staff member’s duty to follow and obey any lawful and reasonable direction issued by their employer. Employment contracts have this duty as an implied obligation, but it’s also often explicitly agreed upon between the relevant parties in a contract. This […]
“We’ve had a year of hype with regard to Artificial Intelligence, a year when you could say anything without backing it up. As 2024 approaches, we’re getting to the point where you can’t just make a wild prediction and get attention. You’re going to have to say, ‘I’ve got this technology. I’ve shown it […]
Consumers are evaluating their relationship with leading brands and making new, economic-value-based choices, according to the latest KPMG Customer Experience Excellence Report 2023. Non-grocery retail brands dominated the top brands for customer excellence in Australia this year, accounting for eight of the top 10 brands. Bunnings topped the table for the first time, followed by […]