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What your continuity strategy needs now
Secure resilience with insights from industry experts.
Maziar Foroudian
March 01, 2024
Latest Stories
What does a robust business continuity strategy look like? How can you weather unforeseen disruptions from cyber attacks to pandemics? Secure resilience with insights from industry experts in this week's edition of Let's Talk.
Uncover the latest developments in the AI industry, from major acquisitions and beta testing of cutting-edge platforms to innovative news readers and game generation tools. Stay ahead in business with AI Weekly's compressed yet comprehensive updates.
Synthetic Biology could be the next Australian goldmine, potentially sparking $30 billion worth of revenue and 50,000 jobs by 2040. Dive into the updated strategic roadmap by CSIRO and Main Sequence.
Discover the shocking gender pay gap hidden within Australia’s major corporations. Despite claims of progress, recent data reveals a stark wage disparity with drastic implications for workplace morale and loyalty.
Over 8 million Australians face potential mortgage stress due to record interest rate increases, with imminent effects on various sectors and businesses. Don't let this looming crisis catch you off guard - arm yourself with the facts and figures now.
Discover the secret behind Australian SME manufacturers' powerful resurgence across nine sectors. Learn from industry insights and robust data on how shorter supply chain lead times led to profitability peak in two years.
Discover how AI and workforce development could be your company's secret weapon against rising inflation. Explore insightful data on Australian market trends and learn how to navigate the tough economic landscape in this insightful article.
Learn how 61% of Australian entrepreneurs are thriving with side hustles alongside their everyday jobs, with over a quarter generating $300,000 annually! Dive into GoDaddy’s study revealing the lucrative potential of this thriving culture.
Top Tools
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Verloop: Effortless customer engagement and retention solutions
Budibase: Transform workflows with no-code app building
Unscreen: Effortlessly remove video backgrounds in seconds
Talmundo: Transforming employee onboarding for success
Truewind: AI-powered finance solutions for small businesses
Top stories
Corporate hijacking of International Women's Day themes raises concerns. Genuine theme "Count Her In: Invest in Women. Accelerate Progress" by UN Women overlooked for misleading "Inspire Inclusion" promoted by mysterious domain owners and companies.
Australia
Small Australian businesses are offering a striking 29% discount on leap day, in a bid to boost sales amid consumer uncertainty. The unique sale coincides with a slight rise in consumer sentiment.
The Australian Consumer and Competition Commission (ACCC) is conducting an inquiry into the supermarket sector, focusing on pricing practices, supplier treatment, and competitiveness. Small businesses are encouraged to submit their perspectives by April 2.
Australian Economy
Australian Treasurer Jim Chalmers predicts weak GDP growth, as Westpac lowers forecast to 0%, citing labor market weaknesses. Productivity Commission warns of falling investment, impacting productivity and wages. Real wages decline, affecting household spending. Amplifying concerns of technical recession and potential cash rate reduction.
India
India's GDP growth rate in Q3FY24 exceeded expectations at 8.4%, with strong growth in the construction and manufacturing sectors. Despite positive numbers, RBI Governor Shaktikanta Das warned of potential economic risks ahead.
The government's fiscal deficit reaches Rs 11 trillion, 63.6% of the annual target. Total expenditure at Rs 33.55 trillion, 75% of goal. Revenue stands at Rs 22.52 trillion. Non-debt capital receipts include loans and recovery.
World
Small business owners in the US are increasingly optimistic about the economy, with 55% highly optimistic for this year. PNC Financial Services Group found that confidence is at a 22-year high, with expectations for profit growth and lower inflation.
Klarna's AI chatbot is revolutionizing customer service, handling the workload of 700 human agents with speed and efficiency. Despite initial skepticism, the bot has proven successful, driving profits and advancing Klarna's vision of a fully AI-powered financial assistant.
Small Business Administration will refer defaulted borrowers of pandemic-related loans to collection on March 4. Borrowers must apply for forgiveness or bring loans into good standing by March 3 to avoid additional fees and fines. Loan forgiveness and hardship assistance options are available.
Tech
Apple's buy-now-pay-later platform will share users' payment history with Experian, but won't impact credit scores yet. Credit bureaus are incorporating this data to adapt to the rise of such debt. Apple's move may benefit responsible users in the future.
Microsoft's investment in French firm Mistral for AI models faces scrutiny from EU regulators and raises concerns about tech giant dominance. The deal highlights tensions over Big Tech influence in shaping AI development and European regulatory exemptions.
YouTube Create, a mobile app for editing videos, expands to 13 new markets. Free on Android, users can enhance content with soundtracks and captions directly on their phone. Simplifying editing without costly tools.
Google Maps is introducing 'Glanceable Directions', displaying real-time ETA and turn-by-turn directions on the lock screen for more convenient and safer navigation. The feature enhances the user experience and is part of Google's recent AI-driven upgrades to Maps.
Curated for you
Entrepreneur contributors stress the importance of leadership in driving business success. Skills such as self-awareness, critical thinking, effective communication, conflict resolution, motivation, and continuous learning are crucial for entrepreneurs to become successful leaders and foster team growth.
Tony Pierce shares insights and recommendations from his decade of experience as an Uber and Lyft driver. From practical tips on keeping essentials in your car to strategic advice on avoiding bar pickups, Pierce's essay offers a comprehensive guide for navigating the gig economy.
A lack of SEO can bury small business websites in online content, hindering growth. The right SEO expert can help stand out and attract customers. Find one with niche relevance, proven track record, clear deliverables, reasonable output, and regular reporting.
This article explores the idea of branching out into new business sectors, offering advice on expanding your market reach. It emphasizes the benefits of pushing boundaries and provides practical steps for entrepreneurs to successfully explore new industries.
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