Consistently low consumer sentiment alongside rising interest rates have been the major economic themes of 2023. The Reserve Bank of Australia (RBA) has been relentless in trying to stem inflation that was already ingrained in the Australian economy at the outset of 2023. The cash rate has risen by 125 bps over the year, […]
There is no shortage of hype surrounding artificial intelligence (AI). While large language models that underlie these new generative AI tools have long existed, AI as a technology has remained in the hands of engineers and scientists, peripheral to the public’s awareness.. Over the past 12 months, however, we crossed an important threshold: for […]
Today, teens are super interested in starting their own businesses! A recent survey by EY Ripples and JA Worldwide found that 53% of Gen Z teens want to have their own businesses in the next ten years. Whether it’s a summer gig or a side hustle, teens are excited to be founders and entrepreneurs. […]
Good news for small businesses in Australia: the government has introduced the “Skills in Demand” visa to address critical job roles and boost worker mobility within the sector. This move is part of the much-anticipated Migration Strategy, outlining a comprehensive vision for the country’s migration system. As a replacement for the Temporary Skills Shortage […]
Family businesses have been around for ages, involving two or more family members who mainly run the show. It’s like the OG of business setups. Think farms back in the day – family life and work life all tangled up. In cities, your friendly neighborhood shopkeeper or doctor lived where they worked, and family […]
Wages within the SME sector have experienced a notable month-on-month decline for the first time in six months, prompting a closer examination of the challenges and opportunities that lie ahead. Meanwhile, the average employee growth has increased only marginally (0.04 per cent) MoM within the SME sector. The recent -0.3% decline in the monthly median […]
Baseline is rolling out a 6-month early access program which will inject some $1.6 million worth of value into the start-up ecosystem, with each individual participant receiving $32,000 of mentorship and technical support from the Baseline team. This program, following the success of Baseline’s mentorship and scalable technology support for standout Australian startups like […]
Here’s a recap of recent funding developments from Australia, India, the US and beyond. Relevance AI secures $15m in series A funding Relevance AI, aiming to revolutionize businesses with AI workforces for enhanced productivity, has raised AU$15M in a Series A round led by King River Capital, an AI-focused VC. Global investors Surge (Peak […]
The future of business has arrived, and it is here to stay. AI is taking the corporate sector by storm, with the latest research from FIS Global revealing two-thirds of businesses globally that have already implemented AI plan to increase their spend in such technologies in the next 12 months. When it comes to […]
The year 2024 will bring many uncertainties and challenges for small businesses. Will the pressures they face get better or worse? Businesses also wonder how consumer behaviour will change – will people be cautious with their money or spend less? In 2023, there was a lot of focus on Artificial Intelligence. What new and […]