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- 29SEP2021-WED (copy 01)
29SEP2021-WED (copy 01)
Want to be acquired? Maria Halasz’s formula for becoming simply irresistible
Wednesday 29th September 2021
Unearthing the best ideas coming from rural Australia
Buy from the Bush has partnered with PayPal to award $60,000 in prize money to rural entrepreneurs and businesses.The two companies will work together in running “From The Bush – Big Break”, a competition to uncover the biggest and best ideas coming out of rural Australia. The winning idea will come away with $30,000 to either start up or scale up their concepts. The runner up and people’s choice winners will secure $15,000 id:2021-09-28-10:08:45:865teach to boost their bush ventures.
Want to be acquired? Maria Halasz’s formula for becoming simply irresistible
While high-profile deals like Square’s recent acquisition of Afterpay may dominate the headlines, strategically positioned smaller companies are quietly reaping the benefits of Australia’s recent uptick in M & A activity. Dynamic Business sits down with the CEO of Cellmid, Maria Halasz, to discuss its freshly minted purchase of BLC Cosmetics and how other businesses can make themselves an attractive acquisition.
Over 50% Aussie SMEs forecasting revenue growth in H2 2021: ScotPac
With border closures and lockdown restrictions changing on a regular basis, SME owners are looking beyond these limitations to see how their businesses can adapt and grow.
Eftpos to be accredited under digital identity framework
The electronic payments system, Eftpos, has become the first private identity exchange to be recognised by the federal government’s Trusted Digital Identity Framework.
What Aussie startups can learn from those in Silicon Valley
When thinking long term, Australian companies need to shift gears in their operations by taking a higher risk approach — crafting strategies that grow quarter on quarter rather than being so year to year focused. From working with many early-stage startups and scale-ups, I know how homegrown talent, prowess, and gumption can really make or break a startup’s success trajectory.
Angel or VC investment: How to know what to pursue and when
Many startups grapple with bootstrapping and deciding when the right time is to secure funding to turbocharge their next phase of growth. But many Australian startups have fallen into the trap of following the Silicon Valley playbook and chasing venture capital (VC) funding too early in their journey.
Four tips for building great teams
Building a team demands a significant investment of time and resources. We’ll be breaking down the framework of teamwork and success at this year’s Made Extraordinary Summit. Personally, I’ve spent a good amount of time scaling teams throughout my career. The more experience I gather, the more I see the same patterns. I think successful teams — whether in tech, sales, marketing, or product development — all vary greatly in their approaches. There are diverse communication and work styles, but patterns tend to emerge.
Australians are transferring their assets out of savings accounts and into other types of investing. According to a national poll done by comparison site Finder, 29% of people with a nest egg in the bank have shifted at least a portion of it due to historically low-interest rates. One in every ten of the 1015 respondents polled in July, or the equivalent of 2.1 million Australians, said they had transferred some of their funds to what they called an investing account.Some have chosen to diversify with shares, with 7% putting money into micro-investing applications like Raiz and 7% utilising some of their savings to top up their super. A further 5% have invested some of their savings in cryptocurrency. According to Reserve Bank data, one-year term deposit rates fell to 0.25 percent in May, the lowest level since 1982. Three-year term deposits decreased to 0.3%, the lowest level in nearly 40 years.
According to ACOSS, the “effective unemployment rate” is the same as it was in October of last year. However, only 11% of the labour force received government assistance, compared to 26% a year ago. According to ACOSS, just 16% of working-age welfare users in restricted areas receive additional COVID-19 payments.
Nike, the world’s largest athletic company, and Costco, the world’s largest retailer, have both reported product shortages and delays as a result of global supply chain issues. Nike announced that production and delivery of their shoes would be disrupted until next spring due to shipping challenges and a manpower shortage in Asia. Meanwhile, Costco has re-imposed restrictions on commodities such as toilet paper. Customers are stockpiling again, according to the company, but it is also having difficulty shipping supplies to its stores. Nike announced that it had reduced its sales forecast for the year owing to the continuous disruption.
According to CNBC, Google will take a lesser cut when users purchase software from other suppliers on its cloud marketplace.
