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- 15OCT2021-FRI (copy 01)
15OCT2021-FRI (copy 01)
How your business can achieve exponential growth during COVID
Friday 15th October 2021
Choose a hybrid working solution that connects your people and their devices in any space
As the world slowly establishes a new normal, workers are demanding the flexibility that remote working brought to their lives. And in response to employees returning to their offices or negotiating hybrid work arrangements, forward-thinking businesses of all sizes are responding.
How your business can achieve exponential growth during COVID-19
I am often asked how I navigated this difficult time while growing the business, innovating, and looking after our customers. Here are some insights into what The Healthy Mummy did to ensure we came through the other side.id:2021-10-14-17:17:53:027t
Let’s talk: Tips for achieving a better online customer experience
Creating emotional connections with your customers online requires more than a slick website. You need the right technology and processes to build a seamless customer journey, which engenders confidence, loyalty and repeat sales.Let’s talk…
$20,000 stock guarantee to boost NSW SME confidence
Yesterday NSW Premier Dominic Perrottet announced stock guarantee grants of up to $20,000 to small businesses in the lead up to Christmas. Should a local lockdown occur, small and medium enterprises with an annual turnover of $75,000 and $50 million will be eligible to apply for grants up to $20,000 to compensate for losses of perishable stock.
Female founders take out top fintech industry awards
Last night FinTech Australia announced the winner of its sixth annual Finnie awards. For the first time in the award’s history, all category winners were women. According to the latest fintech census, women represent only 29 per cent of the fintech industry.
SMEs and AI: How to get the most out of automation
A study by McKinsey Global Institute found that at least one-third of the constituent activities in around 60% of jobs might be automated, implying significant workplace changes and adjustments for all workers.
Five mistakes to avoid when asking clients for feedback
Ongoing feedback from your clients and customers is a powerful tool when undertaken the right way. Feedback provides several benefits...
Five things I learned from growing a LinkedIn company page
Many think that LinkedIn is just a “job site”. Some create a LinkedIn account to have an online resume, only to update it when they change jobs. Others use LinkedIn for hiring or finding jobs. While these still hold, LinkedIn has evolved from a mere online CV into a powerful content marketing platform.
Doing more with less: How to scale up your sales efforts without spending a fortune
Looking to put your enterprise on firmer footing by increasing your sales as the economy recovers from the Covid crisis? Join the club.
According to the most recent NAB monthly business survey results, there was a significant increase in confidence during the month of September as a result of signs that lockdowns would be lifted by the end of October. According to a Canberra trader, small businesses are ready to restore some form of normal trading after more than two months of delays that have financially crippled several. The reopening of road maps in COVID-19 ravaged states has boosted business confidence, which had been dampened by the Delta wave lockdowns.
Treasurer Josh Frydenberg believes there is a case to be made for a review of the activities of Australia’s independent Reserve Bank. The RBA does not expect inflation to remain within the target range until 2024.The Organisation for Economic Cooperation and Development said this month that the RBA’s monetary policy framework should be reviewed, noting that underlying inflation has been below the two-to-three percent target zone since 2015.
JobMaker, one of the key elements featured in the October 2020 government budget, pledged $4 billion in taxpayer funding over two years to pay employers to hire employees under the age of 30. However, previously unreleased Treasury documents from the middle of this year show that only 5,278 workers were hired using the JobMaker hiring credit, accounting for only 1% of the initial budget projected. The hiring credit rewarded employers up to $200 per week for creating new jobs for people aged 16 to 29 on JobSeeker, Youth Allowance, or the Parenting Payment, and $100 per week for people aged 30 to 35.
The International Monetary Fund (IMF) cuts its growth forecast for 2021 due to global workforce shortages affecting major supply chains unable to keep up with surging demand. The IMF has reduced its GDP forecast for 2021 by 0.1% as suppliers struggle to meet surging demand while battling labour shortages. Many countries, including Australia and the United States, are experiencing rising international shipping costs. Rishi Sunak, the British Minister of Finance, has called on the G7 countries to offer loans to struggling countries in the goal of alleviating production and distribution bottlenecks.
The dollar slipped from a one-year high as longer-term Treasury yields fell after U.S. inflation data showed prices grew steadily last month, and Federal Reserve meeting minutes confirmed tapering will begin “soon.”
The Labor Department reported that job resignation increased to 4.3 million in August, the most since records began in December 2000, and up from 4 million in July. That equates to approximately 3% of the labour force. According to the study, hiring also slowed in August, with the number of open jobs falling to 10.4 million from a record high of 11.1 million the previous month.
China’s exports increased significantly in September, according to official figures, but analysts warned of a coming threat from the country’s power shortage, which has interrupted supply. The statistics come following a strong increase in trade in the world’s second-largest economy in August, implying that international demand for consumer goods increased as a domestic virus outbreak was brought under control. However, several manufacturers were forced to suspend operations last month due to power outages caused by emission reduction targets, rising coal prices, and supply shortages, increasing concerns about global supply chains.
Despite a chill in bilateral relations due to the ongoing military standoff between the two countries in eastern Ladakh, the India-China trade volume seems certain to break the record of USD 100 billion this year, with the total already reaching US$90 billion in the first nine months. According to official figures, China’s overall imports and exports increased 22.7 percent year on year to 28.33 trillion yuan (about US$4.38 trillion) in the first three quarters of 2021.
Australia’s consumer confidence increased for the fifth week in a row, rising 1 per cent to a 13-week high of 105.6 points. When compared to the same week in 2019, national credit and debit card spending at Commonwealth Bank (CBA) is 12.6% higher for the week ending October 8, 2021.
According to the most recent NAB survey, businesses reported harder operating difficulties in September, but they were more hopeful about the future. NAB attributed the optimism to the roadmap to reopening for New South Wales and Victoria. Certainly, confidence increased by 42 points in NSW and by 16 points in Victoria. And, across industries, wholesale trade and recreation and personal services saw the greatest increase in confidence. In September, the NAB business confidence index increased from -5.5 to +13.0 points (long-run average: +5.3 points). However, the conditions index fell from +14.5 to +4.7 points.
Small and medium-sized businesses have been granted approval to restock for Christmas, with NSW Premier Dominic Perrottet expressing confidence that the state economy will rise again in the December quarter. While the Labor Party supported the plan, it was concerned that toll relief measures would be insufficient. It comes as NSW records 360 new local COVID-19 cases and five deaths in the last 24 hours. Moreover, three of the five were not vaccinated.
After infiltrating their private chats, Australia’s corporate watchdog ASIC sent shockwaves across an online group of self-described “small investors.” The Australian Securities and Investments Commission (ASIC), the independent government regulator of financial services, sent a chilling message to a group of 288 Australians using the secure messaging app Telegram. The ASIC was inadvertently invited to their group chat and could see their whole communication, which featured potentially illegal market tip-offs and was aptly dubbed “Pump and Dump Organization.”
Oil prices have levelled out after a volatile session, halting a rally that has sent prices to multi-year highs and stoked fears that higher energy costs will derail the global economic recovery.
The International Monetary Fund (IMF) forecasts 8.5 percent growth for India in 2022, retaining its title as the world’s fastest growing economy. According to the IMF’s new World Economic Outlook report, the Indian economy is anticipated to grow by 9.5 percent in 2021 and 8.5 percent the following year. The announcement is a good sign for the economy, which is recovering from the impact of the Covid-19 outbreak.
With more thermal power plants running out of fuel, India’s coal crisis has worsened. According to the Press Trust of India, the number of non-pit head plants with less than four days of dry fuel storage jumped to 70, up from 64 a week ago. According to the Central Electrical Authority, as many as 70 of the 135 plants with a total installed capacity of more than 165GW were classified as super-critical, or having less than four days of fuel remaining on October 10 as opposed to 64 on October 3.
