Signs appear that directors are being pursued personally for historical company debts, says insolvency specialist Court actions filed by the ATO and the big four banks are on the rise – and it’s not just current debts in their sights. Business and personal insolvency specialist Jirsch Sutherland says legacy debts are also in the crosshairs, which […]
The recent Amex Trendex: B2B Edition survey, focusing on business-to-business spending, reveals a strategic growth mindset among Australian businesses. In the face of ongoing economic uncertainty, 43% of business decision-makers plan to increase spending to gain a competitive edge in the coming year. In addition to heightened spending, businesses are adopting key strategies to […]
Here’s a recap of recent funding developments from Australia, India, the US and beyond. Splose accelerates Series A funding round with $1.5 million Adelaide-based technological powerhouse Splose initiates a $3 million Series A funding round, securing an impressive $1.5 million within the first 24 hours. The funds validate Splose’s innovative approach in the NDIS sector […]
The recently released CreditorWatch Business Risk Index (BRI) for October 2023 paints a worrisome picture of the Australian business landscape. Business activity in the country has hit alarming lows, with the average value of invoices reaching its lowest point since CreditorWatch began tracking this metric in January 2015, indicating a substantial 34% year-on-year decline. […]
In the wake of persistent inflation and recent interest rate hikes, small businesses are facing a challenging landscape as they gear up for the peak sales season. A recent survey conducted by Sendle, Australia’s first 100% carbon-neutral parcel delivery service, sheds light on the apprehensions of over 1300 small businesses across the country. The […]
It all started with a simple act of reusing cups, which evolved into a mission to find eco-friendly solutions that could reshape the narrative of large-scale sports and entertainment venues drowning in a sea of single-use plastics. Introducing WOSUP (War, on Single Use Plastic) an innovative initiative that enables sports and entertainment venues along, […]
McGrathNicol Advisory launched the findings of its third annual ransomware survey, revealing that 56 percent of Australian businesses have suffered a ransomware attack in the past five years: 42 percent of medium and large businesses have fallen victim to a single attack, while 14 percent have been targeted multiple times. Of those that did suffer […]
Fluctuating economic conditions and resulting impacts mean businesses need to carefully consider the option of a strategic restructure. However, restructures are not without risks. Poorly designed restructuring initiatives often culminate in a slash-and-burn approach that compromises the organisation’s future growth prospects. Such approaches may even result in what we call ‘deck chair reshuffling’ among […]
Calling all small business owners! The 2024 Australian Small Business Champion Awards are now accepting entries. This nationally acclaimed awards program recognizes and celebrates the outstanding achievements of small business operators, highlighting their significant economic, social, and cultural contributions to Australia. In its 26th year, the Awards spotlight the best small businesses in retail, […]
Welcome to AI Weekly, where we delve into the cutting-edge and ever-evolving world of artificial intelligence and bring you concise yet comprehensive summaries of the most exciting AI developments. Retool’s inaugural AI survey Retool, a prominent business software development platform, has unveiled key insights from its first State of AI Survey, polling over […]