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Exclusive: Predictions and Strategies for Small Businesses in 2024
Our industry experts provide invaluable insights and strategies.
Maziar Foroudian
December 19, 2023
Latest Stories
Discover the challenges and opportunities small businesses will face in 2024. From shifts in consumer behaviour to data privacy concerns and the ongoing debate on customer retention vs acquisition, industry experts provide invaluable insights and strategies.
Discover how AI is transforming business operations and boosting performance, as established by recent FIS Global research. Unveil the opportunities, challenges, and best strategies in leveraging AI's transformative power to unlock your business's full potential.
Dive into the latest AI developments with Google's Project Ellmann and AlphaCode 2, Australia's increasing AI investments, the rebel static site generator Nuekit, Instagram's smart chats, and more in this week's most riveting AI Weekly update.
Experience receipt of $32,000 worth mentorship and tech support! Grab your chance to join Baseline's 6-month early access program – a unique opportunity aiming at a swift and impactful market entry for small startups. Take your business from concept to MVP.
Discover the secrets behind the phenomenal success of BOUNCE Inc. in this insightful interview with founder Ant Morell, the visionary who turned a playful idea into a $70 million business. Bounce into this high-flying story now!
Leading financial services company, OptiPay, reveals Australia's slowest paying industries, with some reporting invoice payments taking up to 60 days. The vital need for efficient cash flow management strategies and beneficial financing solutions are emphasized.
Discover how switching to Electric Vehicles can reduce your businesses' carbon footprint, enhance employee benefits packages, and tackle financial stress, all through the underutilized concept of novated leasing. Be the change, stand out in the crowd!
Top stories
Discover the powerful insights female entrepreneurs have learned from their mentors. From hiring advice to the importance of being true to oneself, these lessons are essential for success. Read more.
Pre-Christmas M&A deals have hit a high of $5bn in Australia, thanks to bullish sentiment and falling US interest rates, with more expected in 2024.
Australia
More than 1.4 million Australians are likely to quit their jobs in the next year due to stagnant wages, rising costs of living, and increasing levels of stress and burnout. Find out what leaders can do to prevent mass resignations.
Lance McCallum, a Gubbi Gubbi man, has been appointed as Queensland's new small business minister. Learn more about his background and his commitment to sustainable policies in this article.
Australian Economy
New York Fed president John Williams's comments on unwinding the tightening cycle clash with market expectations, creating uncertainty about the future of monetary policy.
The Australian economy is experiencing a unique challenge as it tries to slow down a runaway economy that has reached full employment. The traditional methods aren't working as well as expected.
In the age of "central bankism," Treasurer Jim Chalmers is taking a different approach to steer the economy and fight inflation. Discover why fiscal policy is the key in this engaging article.
India
Generative AI has the potential to contribute $1.2-1.5 trillion to India's GDP over the next seven years, with sectors such as business services, financial services, education, retail, and healthcare being the most impacted. However, there are challenges in terms of skills gap and unclear use cases that need to be addressed.
World
Greece has defied expectations and claimed the top spot in The Economist's rankings for economic performance in 2023. Despite being known for mismanagement, Greece's economy has seen a remarkable turnaround, with the stock market experiencing a 40% increase. The country's pro-market reforms and digital transformation have earned praise from the IMF.
Generative AI is causing a revolution in the creative industries, but questions about intellectual property and the impact on artists remain. The future of Generative AI is uncertain but undeniably intriguing.
Consumer trust in businesses' cybersecurity measures is eroding due to past examples of cyber attacks. Small businesses are also at risk, with 43% of cyber-enabled crimes targeting them. It is crucial for businesses of all sizes to prioritize cybersecurity to mitigate risks and regain digital trust.
Tech
The new iMac M3 24-inch offers an exceptional user experience with its powerful chip, vibrant display, impressive audio setup, and sleek design. Although it has minor drawbacks, it remains a versatile all-in-one desktop.
Bitcoin's acceptance as a form of payment is on the rise, with major companies like Microsoft, Wikipedia, and Starbucks joining the crypto movement, fueling the growing legitimacy of cryptocurrencies in the marketplace.
Apple is set to launch a new feature on its App Store called "contingent pricing," allowing developers to offer discounted subscription prices to users. This move aims to reshape competition and boost user loyalty in the marketplace. Learn more about this exciting development in the full article.
Curated for you
Discover the financial freedom and flexibility of car subscription services in Australia. Say goodbye to the burdens of traditional ownership and leases and embrace a cost-effective solution for your business. With a diverse fleet and comprehensive plans, car subscriptions are the strategic choice for navigating 2024. Visit www.motopool.com.au now.
Learn how numbers-phobic entrepreneurs can manage small business finances with ease by implementing simple accounting methods, using user-friendly finance apps, outsourcing selectively, utilizing a commitment tracking system, and improving financial literacy.
Discover the top 12 referral software options for small businesses that can help boost customer engagement and organic growth. These tools streamline the implementation of referral programs and provide features like automated notifications, performance analytics, and reward distribution.
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