Launching new products or services: A step-by-step guide

Find tips from top experts

Author

Maziar Foroudian
June 14, 2024

Latest Stories

Step up your game with this essential guide on launching a new product or service. Find tips from top experts on market research, product development, marketing strategies, and more. Gear up for success!

Say hello to Australia's changing migration landscape! With new visa caps in place by 2025 and alterations in work experience requirements for certain visas, find out how these amendments could shape the future of your business's workforce.

The Australian economy's sluggish performance is set to extend, says NAB's latest business survey, warning of sustained subdued activity. Find out what sectors are most affected and where the pockets of resilience are.

Discover the shocking truth about Australia's struggling workforce! A new report ranks the country last in career development and resilience, with executives struggling to retain talent and embrace AI. Don't miss the eye-opening insights and recommendations in this must-read report.

Are you feeling unsatisfied with your current salary? A new report from Hays reveals a growing gap between employee salary expectations and employer offerings. Discover the impact of a rising cost of living and what businesses are doing to attract and retain top talent in a competitive market.

Attention all sole traders and gig economy workers in Australia! With tax season fast approaching, don't let the stress of filing your returns weigh you down. This article covers all the essential tips and tricks for navigating EOFY, including a game-changing platform for simplified tax filing. Stay ahead of the game, read on!

Heads up, Australia! With a surge in tax scams this year, it's vital to stay vigilant, especially during tax season. Get to know the top four scams and how to avoid them in our comprehensive guide. Don't let cybercriminals fool you!

Unlock the untapped potential of digital inclusivity. Learn how enhanced digital access can improve your business's user experience and increase market visibility, addressing the significant challenges faced by Australians living with disabilities.

New Tools

  • Lumen5: AI for video creation

  • Caspa: Revolutionizing product imagery with AI

  • Tome: Transform sales and marketing presentations

  • DeepL: Translation accuracy with AI

  • Bash: Productivity tool for work and research

  • SanaLabs: Revolutionize learning with cutting-edge AI technology

  • HarveyAI: Transforming Legal Workflows with AI

  • Closely: Sales automation and multichannel campaigns

  • LawFormer: Simplifying complex legal documents

Top stories

Australian businesses face a mounting ATO debt crisis, with debts skyrocketing to $1.2 million. To mitigate this risk, SMEs must confront their financial challenges head-on. Seeking expert advice can provide alternative solutions and safeguard their future.

Google Australia's 2024 Economic Impact Report predicts AI could bring $280 million in economic benefits to Australia by 2030. However, small businesses are slow to adopt, hindering the potential benefits. Regulatory and training measures are being initiated to address this gap.

Australia

RFI Global announced the winners of its Banking & Finance Awards in Australia, determined by customer feedback from their study, Atlas. CBA stood out with 17 awards, Macquarie Bank, Bank Australia, and Cover-More also excelled.

Australian workers are more likely to seek new jobs and feel disengaged, leading to high stress and dissatisfaction. Strong leadership, autonomy, and work-life balance are crucial for employee engagement and well-being. Toxic work cultures negatively impact mental health.

The Australian Council of Trade Unions proposes a 'right to disconnect' clause to protect workers from out-of-hours communications. Industry groups argue against it, fearing limitations on flexibility. The clause is set to take effect in 2024.

Australian Economy

Australia's net migration saw a decline, despite an overall record high of 547,300 immigrants. Government policies aimed to reduce immigration numbers are taking effect, leading to 17,300 fewer temporary residents in 2023.

Licensed post offices in Australia are struggling to stay profitable, facing challenges due to declining letter-sending business and online banking. A petition urges lifting restrictions on services to boost viability and serve communities better.

World

CEOs worldwide are increasingly prioritizing mergers and acquisitions, with a 36% increase in deals in Q1 2024 compared to the previous year. According to EY's survey, technology acquisitions and startup integration are top priorities for CEOs.

Chinese officials are optimistic about the yuan's rise as a global currency, ranking fourth in global payments and third in trade finance. However, its global position still falls short of earlier expectations despite significant progress.

EU politicians have decided to impose tariffs on Chinese electric cars due to concerns about unfair subsidies to the industry. Three Chinese EV manufacturers may face tariffs from July 4 if discussions with Chinese authorities do not lead to a resolution.

US consumer price rises eased in May, with inflation at 3.3%, down 0.1% from previous month. Core inflation also slowed, but rents remain a concern. Federal Reserve likely to hold off on interest rate cuts.

Tech

OpenAI, Anthropic, Google, Microsoft, Synthesia, and Deepl offer diverse AI job opportunities with unique focuses. Each company is making significant advancements in AI technology and seeking skilled individuals to contribute to their innovative projects.

Get a first look at the upcoming iOS 18, packed with new Apple Intelligence features, by joining the Apple Developer Program and accessing the developer beta. Public beta set for July, stable release in September.

Elon Musk, co-founder of OpenAI, dropped a lawsuit against the organization, accusing them of straying from their open-source mission. Musk, now owner of xAI, claimed OpenAI was prioritizing profits for Microsoft. Despite dropping the suit, Musk continues to criticize OpenAI's actions.

Curated for you

To grow your business, it's crucial to maintain a steady flow of value amid changing circumstances. Implement a value-first mindset, build strong relationships, and consider trading assets rather than selling to ensure sustained success in any market.

Salesforce projected single digit growth next year, marking a shift from previous double-digit growth. Despite profitability and efficiency improvements, stock dropped as much as 20%. Acquisitions like Slack are growing rapidly, but challenges remain in the market.

Lego thefts target toy shops in California and Arizona, with robbers making off with over $100,000 worth of kits. Small businesses may need to invest in additional security measures to protect high-value items.

How did we do today?

Did you find something useful or interesting?

Login or Subscribe to participate in polls.

Tell us what you really really want!

Your feedback is vital to help enhance our newsletter and provide content that is relevant and exciting to you. Our brief survey will require less than a minute of your time, but your responses will greatly contribute to our improvement. Please click here to take the survey now →

Contribute to Dynamic Business

Join our network of contributors and get your voice heard. We will send you weekly call outs asking for commentary, quotes and articles for our “Let’s Talk”, “Tech Tuesday”, and “Founder Friday” features as well as interview opportunities and general inquiries. You are welcome to subscribe to the list and start contributing to Dynamic Business.

Recommended Newsletters: