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- 2024 champions shine at Australian Small Business Awards
2024 champions shine at Australian Small Business Awards
Get ready to be inspired
Maziar Foroudian
April 17, 2024
Latest Stories
Say goodbye to guesswork and hello to data-driven decisions with these top employee performance analytics tools. From AI chat technology to comprehensive workforce management solutions, find out how these advanced tools can elevate your people analytics strategy.
Get ready to be inspired by the remarkable successes and contributions of small businesses across Australia! The prestigious Australian Small Business Champion Awards 2024 have crowned their winners, recognizing the resilience and creativity of entrepreneurs in a record-breaking year.
Unlock the secrets of Victorian mobile app usage and discover the trends shaping the future of app development. From love-hate relationships with social media to the rise of paid social platforms, this article explores the dynamic landscape of app preferences and the key insights for businesses and app developers.
Discover the key trends shaping the Australian consumer landscape in 2024! Gain insights from leading market researcher Nichola Quail on demographic shifts, consumer behavior, and how brands can effectively engage with their target audience.
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Top stories
Australia's small business owners showcased their innovation and hard work at the recent COSBOA National Summit. Legislation to name and shame big businesses delaying payments to small businesses under 30 days will level the playing field, improve cash flow, and boost productivity.
Founders often make the mistake of raising too much capital early, which can lead to dilution, lack of focus, hiring the wrong people, attracting the wrong investors, higher expectations, and lower future valuations. A lean, focused approach may lead to better results.
Entrepreneur contributors stress the importance of efficient cash flow management for business success. By maintaining a detailed budget, negotiating payment terms, exploring financing options, and building a cash reserve, businesses can navigate challenges and achieve sustainable growth.
Australia
Industry groups and unions are pushing for a permanent rule allowing employees to take double annual leave at half pay. The proposal, currently under review by the Fair Work Commission, aims to simplify the system for both workers and employers.
The Australian Taxation Office warns against illegal early access to superannuation funds, targeting misleading promoters who promise unauthorized withdrawals. With penalties and severe consequences, over $600 million was illegally withdrawn between 2020 and 2022.
Australia, traditionally a staunch advocate of open global trade, is embracing a new industrial policy called the Future Made in Australia Act. This shift reflects a geoeconomic game where nations use economic tools for strategic goals, potentially distorting markets but leveling the playing field.
Australian Economy
The global re-shoring trend in response to geopolitical shifts and the pandemic is accelerating. Governments like Australia are adopting protectionist policies, but experts warn of economic costs and highlight the importance of strategic industry policies.
Students in Australia are paying for the privilege to work during their university placements, leading to "placement poverty." Financial stress is impacting student mental health and completion rates, highlighting the need for fair compensation and support.
World
Apple CEO Tim Cook announced plans to boost investment in Vietnam, a key manufacturing hub for iPads and AirPods. The company aims to increase spending on local suppliers, creating jobs and supporting clean water initiatives. Cook's visit includes meetings with suppliers and discussions on renewable energy development.
Morgan Stanley analysts predict interest rate cuts are unlikely in India for fiscal year 2024/25 due to strong growth and inflation tracking above target. India's key policy rate expected to remain steady at 6.5%.
Morgan Stanley and Deutsche Bank predict a 75 basis point rate cut by the ECB this year amid uncertainty over U.S. Federal Reserve actions and domestic inflation. ECB is expected to make its first rate cut in June.
Tech
In a surprising move, Tesla CEO Elon Musk announced a 10% global workforce reduction due to cost reductions and increased productivity. The layoffs come after the company reported a drop in deliveries and lower demand.
The Software Report has announced the Top 25 Sales Enablement Companies of 2024, highlighting the importance of innovative sales solutions driven by AI. Among the awardees are companies such as MindTickle and SalesRabbit, recognized for their impact on the software industry.
Gartner identifies top technology trends for government in 2024, including adaptive security, digital identity ecosystems, AI for decision intelligence, digital platform agility, and programmatic data management. CIOs should capitalize on these trends to deliver and expand mission capabilities.
Curated for you
In the digital age, maintaining control of your online reputation is crucial. Secure your name by owning the domain, setting up social media profiles, and protecting personal information. Utilize automated tools for ongoing monitoring.
Savvy entrepreneurs leverage email marketing for high ROI, but success lies in a carefully maintained list. Managing bounces, complaints, and engagement rates, segmenting subscribers, and analyzing metrics are key to boosting email deliverability and ROI.
Entrepreneurs come in all shapes and sizes, but successful ones share common mindsets. They are obsessed with their business, excel at multitasking, rebound from setbacks, pivot when needed, and are constant learners seeking growth and innovation.
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