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Want to create a dream team for your business? Discover expert advice on strategic hiring practices, fostering synergy, and embracing diversity for a skilled, committed bunch ready to drive your business forward.
Global ad spending hits a staggering $5 trillion in 5 years, with the US at the forefront! Discover how advertising strategies are evolving with changing consumer behaviors and technology trends.
Find out why the Westpac Melbourne Institute Consumer Sentiment Index dropped by 1.8% and how it's signaling renewed economic concerns. Discover the hidden silver lining and understand how it could potentially impact housing prices and job market.
Is Australia's workforce facing a crisis? Longer work hours, lower wages, and stagnant growth are revealed in Employment Hero's SME Index. Find out why small businesses and the tech sector are struggling in this eye-opening article.
The unicorn club just got a little more crowded, but it's not just any startups joining the elite group. Find out why AI companies are dominating the market and which ones are leading the pack. Read more on the rise of AI unicorns in our latest article.
Discover the latest developments in AI, from democratization and privacy to healthcare, in this week's edition of AI Weekly. Find out how companies like Henkel and Nvidia are using generative AI and partnerships to enhance their operations and products. Don't miss out, stay informed with AI Weekly.
Are you a small or medium-sized business owner? Don't let the size of your company be an excuse for not complying with the Spam Act. Find out the recent consequences and learn what you need to do to avoid them in this informative article by our General Counsel, Lyn Nicholson.
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Readers Businesses:
Greg Rynenberg has been building businesses for over 40 years but remains as passionate today as when he launched his first business at age 27. Mr Rynenberg’s mission is to help entrepreneurs better control and monitor their business drivers to become more profitable.
His latest venture, Flexigrow, can help SMEs thrive despite the challenges that lie ahead. It has been designed to improve efficiency so owners can focus on growth. It reduces entrepreneurs’ daily frustrations and keeps them in touch with how the business is performing.
Explore more about FlexiGrow →
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Top stories
With businesses gearing up for the busy Easter period in Australia, both customers and employees must be aware of trading restrictions and public holiday laws. Check out SmartCompany for a comprehensive list for each state and territory.
Unicorn founders share determination, self-belief, and resilience, with 70% being underdogs defined as immigrants, women, or people of color. Most have top university degrees and STEM backgrounds, and operate in cybersecurity and AI.
Australia
Minister for Small Business Julie Collins highlights the importance of supporting small businesses like Choc'd Full, emphasizing increased demand and government initiatives to help businesses thrive, innovate, and transition to digital platforms, ultimately benefitting Australia's economy and local communities.
Australia is facing a critical shortage of 90,000 tradespeople, highlighting gender disparities in the industry. By increasing female representation to 30% by 2030, we can bridge the workforce gap, promote inclusivity, and drive economic prosperity. Now is the time for urgent action.
A report by NextGen Ventures reveals that only 3.9% of VC funding for student startups in Australia has gone to women founders in the last decade, highlighting a significant gender disparity in the startup ecosystem.
China has lifted trade restrictions on Australian wine, presenting a significant growth opportunity for the industry. Analysts estimate a $100 million boost to Treasury Wine's earnings by 2026. This move signals a positive outlook for Australian wine exports in China.
Australian Economy
A cautious outlook is given regarding Aussie labor costs leading to inflation. Workers' decreased hours caused by RBA's "forced productivity" risk lowering wages and pushing workers into multiple jobs. Long-term productivity is crucial for economic growth.
Australia's solar panel industry faces challenges as public funding is questioned. Economist Steven Hamilton criticizes government policy, while Tindo Solar plans to expand. Opposition sees manufacturing sector faltering under Prime Minister Albanese. Recycling initiatives also discussed.
World
The Business Standard summit highlighted the misunderstood trend of 'China-Plus-One', where global companies diversify investments away from China. Experts suggest India should focus on developing its own strategy rather than blindly following this trend.
SBA's Women's Business Summit featured Administrator Isabel Casillas Guzman and U.S. Trade Representative Ambassador Katherine Tai discussing opportunities for women entrepreneurs. The session highlighted the role of women in America's Small Business Boom.
China is shifting focus from property to manufacturing, aiming to boost GDP growth. This move may flood global markets with cheap exports, impacting inflation rates. The strategy faces challenges from trade barriers in the US and Europe.
Tech
David Kiron of MIT SMR discusses the impact of AI on the workforce, emphasizing nuanced issues beyond automation or augmentation. Companies like Novartis are pioneering AI integration to redefine performance in the workplace.
Nintex introduces generative AI capabilities, including Nintex Assistant chatbot, to simplify workflow creation and translation within its automation platform. These new features showcase the power of AI in streamlining business processes and speeding up automation.
Microsoft and Intel are delving into the world of AI PCs, which will include NPUs and Copilot keys. This local hardware will provide faster and more secure AI features for users, with Intel emphasizing the need for high-speed NPUs.
Curated for you
In an era of rising cyber threats, 1 in 5 companies do not test software for security vulnerabilities. This guide emphasizes the importance of regularly testing IT systems to protect customer data, ensure compliance, and fortify against cyber attacks.
Entrepreneurs debate the financial implications of pursuing a master's degree versus entering the workforce with a bachelor's degree. An in-depth analysis, including calculating break-even points and considering intangible benefits, is crucial for making informed decisions that align with long-term goals.
Workers are quietly voicing support for 4-day workweeks. Proponents cite increased productivity and satisfaction, with pilot programs showing revenue boosts. While not feasible for all industries, companies are experimenting with shorter workweeks to improve performance.
Brands invest heavily in connecting with customers, but often overlook the crucial relationship with their third-party logistics (3PL) provider. Transparent communication, treating 3PLs as partners, and embracing technology are vital for a successful partnership.
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