- Dynamic Business
- Posts
- 17SEP2021-FRI (copy 01)
17SEP2021-FRI (copy 01)
Let’s Talk: Starting a business post-COVID-19? Here’s what to consider
Friday 17th September 2021
Let’s Talk: Starting a business post-COVID-19? Here’s what to consider
Starting a new business is always risky. It is estimated one in three Australian small businesses fail in their first year of operation, yet inspired ideas, clever marketing and entrepreneurial dedication create successful businesses even in the most difficult of times.Launching a business in a post-COVID-19 world offers challenges and opportunities, so how do you mitigate the risk and seize the opportunities?Let’s Talk…
Female lead startups tapping the U.S. market
The University of New South Wales’s (UNSW) female-focused startup program New Wave has partnered with the U.S. embassy to launch its New Wave U.S. Ready Bootcamp. The program intends to assist female-founded startups in expanding into the U.S. market.
Saved from the Bin: Making the most of IT Asset Dispositions
Mark Pesce, author, entrepreneur, and innovator hosted “Saved from the Bin”, talking about maximizing IT asset dispositions benefits along with Dynamic Business and Iron Mountain.
How low-code creates agility in a turbulent business environment
Low-code gives you the fastest possible way to build and run a new application. It allows a business to specify a new pattern of behaviour by drawing a flow chart instead of writing lines of code.
National Family Business Day: How your beloved business can be resilient in times of a pandemic
Dynamic business spoke with Mr Griffith about the significance of National Family Business Day, the impact of COVID-19, and how Australians can help family businesses. id:2021-09-16-10:57:01:571t
Flying high: Process lessons businesses can learn from budget-conscious airlines
While most business leaders strive to run what’s termed a ‘tight ship’, doing so is an imperative, not an aim, for low-cost carriers like Jetstar, the now-defunct Tigerair Australia and other niche airlines that have revolutionised the leisure travel industry.
The federal government has been urged to implement major tax changes, including raising the goods and services tax, to assist pay down massive debt incurred as a result of coronavirus relief measures implemented to preserve the economy from the pandemic. The Organisation for Economic Cooperation and Development stated in its most recent analysis of the Australian economy that the GST should be raised to relieve the burden on income and corporate taxes.
Confusion and fear over vaccine rules, COVID-19 restrictions, and exposure risks are plaguing NSW businesses as the end of lockdown looms. Speaking at a virtual conference on Western Sydney’s economic recovery, industry organisations warned that time was running out for firms to plan for the state’s reopening. The pain of the lockdown was heightened by worry from both employers and employees about the uncertain way forward, according to the meeting organised by NSW Labor.
The world’s poorest countries will be $12 trillion (£8.7 trillion) worse off by 2025 as wealthy nations restrict their access to vaccines, according to the United Nations. The UN agency warned that it would take several years for the world economy to recover from the Covid-19 shock, as growth slows after a quick rebound in 2021, andgovernments and central banks are under pressure to reduce emergency support. Global growth is expected to slow to 3.6 percent in 2022, with an annual average growth rate of 3.5 percent beginning in 2023, implying that global output will only revert to its 2016-19 pattern by 2030.
During a virtual media event held from California, Apple announced four new iPhones, a new Apple Watch, and new iPads. The higher-end iPhone Pro line, at least among iPhones, was undoubtedly the centerpiece of Apple’s show. Apple’s new, powerful A15 Bionic chip is used in the 6.1-inch iPhone 13 Pro and 6.7-inch iPhone 13 Pro Max. Apple also unveiled new iPad and iPad mini models. The 10.2-inch iPad is powered by a strong A13 CPU that performs 20% faster than the previous model. According to Apple, it is now three times faster than a Chromebook. Apple revealed the new Apple Watch Series 7, which is smaller and has a larger screen than its predecessor.
DoorDash filed a lawsuit against New York City over new legislation forcing food delivery companies to share consumer data with restaurants, claiming that it breaches user privacy and unfairly allows restaurants to compete.
The annual inflation rate in Canada reached an 18-year high in August, driven by broad upward price pressures, according to figures released, just days before a highly contested federal election.
A measure of business conditions in Australia showed a positive improvement in August, as both sales and earnings managed to weather lockdowns in sections of the country, implying that the current restrictions may be lifted soon. National Australia Bank’s business conditions index rose four points to +14 in August, recouping some of July’s severe 14-point decline, according to a poll released.The bank’s confidence index, on the other hand, rose only two points to -5, after falling in July as lockdowns expanded from Sydney to Melbourne and Canberra.
According to a new analysis by the consumer watchdog, petrol prices in Australia have reached a 22-year low as a result of the COVID-19. According to the Australian Competition and Consumer Commission (ACCC), the decline in crude oil prices last year resulted in a 4.9 cents per litre drop in pricing. In 2020-21, the average petrol price in Sydney, Melbourne, Brisbane, Adelaide, and Perth was 129.7 cents per litre. In actual terms, the last time prices were lower than that was in 1998-99, when the average fuel cost was 115 cents per litre. The ACCC warns that prices have already begun to rise in the last quarter due to an increase in worldwide refined oil prices.
The weekly ANZ-Roy Morgan consumer confidence index increased by 3.1%, the most in 22 weeks, reaching an eight-week high of 103.1. Sentiment rose 10.6 per cent in Sydney and 6.2 per cent in Victoria but fell 3.2 per cent in Queensland. According to Commonwealth Bank (CBA) Group economists, national household credit and debit card spending for the week ending September 10, 2021, was “tracking 8% higher than the corresponding week in 2019, similar to the 9% pace recorded the week before, but up from 5% recorded in the week ending 27 August.”
Tasmanian businesses suffering as a result of ongoing border closures will be eligible for an additional $50 million in state and federal government assistance. The award package, which is jointly funded, has been increased from $20 million to $50 million, according to an announcement made. The Tasmanian government is also assisting some struggling businesses by waiving expenses such as payroll tax, car registration, and Parks and Wildlife licence payments. Tasmania is cut off from Victoria and New South Wales, its two largest domestic tourism markets, as well as the ACT, New Zealand, and other high-risk jurisdictions.
Underlying consumer prices in the United States rose at their slowest pace in six months in August, as used car prices fell, indicating that inflation had likely peaked, albeit it could remain high for some time due to continuing supply constraints.
Walmart has denied any partnership with the digital currency Litecoin. According to Walmart representative Molly Blakeman, a news release suggesting cooperation between Walmart and Litecoin is “not real.” Charlie Lee, the Litecoin developer and managing director of the Litecoin Foundation, verified the release was a fake. The false news was briefly carried on a major press release wire as well as in sites such as Reuters, CNBC, and Yahoo Finance until it was removed and corrected.
South Korea’s antitrust authority fined Google about $180 million for abusing its control in the mobile operating system and app marketplaces, the latest in a slew of regulatory actions against global tech titans. The penalty was imposed just weeks after South Korea passed a law prohibiting big app store operators like Google and Apple from forcing software developers to use their payment systems, effectively making the Play Store and App Store monopolies illegal. Since 2016, the Korea Fair Trade Commission (KFTC) has been investigating Google for allegedly prohibiting local smartphone producers such as Samsung Electronics from customising its Android operating system.
