Top threats to Australian SMEs in 2024

New research reveals the top 10 concerns for Australian small businesses in 2024

Author

Maziar Foroudian
February 03, 2024

Latest Stories

Dynamic Business had the opportunity to sit down with Lauren Swidenbank, founder and CEO of Cali Social to delve into her entrepreneurial journey. Uncover her journey to success and tips for budding entrepreneurs.

New research reveals the top 10 concerns for Australian small businesses in 2024, with cyber security threats among the top three. Amid rising operating costs, learn how Australian businesses are preparing for a potential cyber incident.

The ATO has unveiled a new online learning platform, offering free courses for small businesses to better understand their tax and super obligations. Flexibly designed for various learning styles, the platform includes videos, text, and quizzes.

Generative AI technologies are shifting the business landscape, transforming work, and streamlining customer support. Learn best practices for implementation and discover how GenAI anticipates sky-rocketing businesses into the future.

Ai Tools

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  • Workable: The ultimate recruiting tool for big ideas and amazing talent.

  • Tomi.ai: Boost your business growth with AI-powered customer targeting.

Top stories

In a market flooded with AI startups, KomplyAi stands out as one of the only businesses specializing in AI governance, risk, and compliance. Learn why their unique approach is gaining attention.

Google Ads has made it easier to create and access script templates through its Solutions feature. These templates save time and improve efficiency, but also give more control to Google.

Australia

Crossbench Senators Jacqui Lambie and David Pocock have significant concerns over the second half of Labor's "Closing Loopholes" package, showing disagreement with the federal government.

While the rate of inflation may be slowing, prices for essential expenses like insurance and housing are on the rise, putting pressure on wallets. Insurance prices jumped 16.2% annually, the largest increase in 23 years, due in part to destructive weather events. Meanwhile, housing prices remain elevated, with developers and builders trying to protect themselves from uncertainty.

Australian Economy

As relief for the mortgage belt seems to be on the horizon with the possibility of a cash rate cut, former RBA board member Warwick McKibbin warns that interest rates may not fall anytime soon. Is it too soon to expect relief? Find out more.

"In a capitalist economy, every capitalist professes to believe in stiff competition. In truth, it’s their biggest hate. Why? Because it limits their ability to put up prices and makes them work harder for their money." Explore why competition is crucial for capitalism in this insightful article.

India

BYJU'S, the edtech major, faces calls from investors for an Extraordinary General Meeting to address concerns over governance issues and oust the founders from controlling the firm. However, the company asserts that investors have no voting rights on the CEO or management change.

Economic Affairs Secretary, Ajay Seth, claims that the Budget proposals will facilitate a 7% growth rate for the fourth consecutive year in 2024-25, despite external risks and geopolitical tensions.

World

Shell, the oil and gas giant, has reported lower annual profits due to falling energy prices last year, marking a significant decline from its record earnings in 2022.

Chinese billionaire banker Bao Fan, who went missing last year, has resigned from his roles at China Renaissance Holdings, citing health reasons and family affairs. His disappearance shocked China's business community.

Tech

YouTube's paid music and premium services reach a milestone of over 100 million subscribers, while Samsung offers enticing deals on premium monitors. Explore these stories and more in this week's tech roundup.

Amazon's ad services revenue surged by 27%, reaching more than $14 billion in the fourth quarter of 2023, exceeding Wall Street's expectations. This success signifies a rebound for the digital advertising industry and instills confidence among marketers.

Meta Platforms Inc.'s decision to introduce its first-ever dividend could ignite a trend among tech giants, following in the footsteps of Apple and Microsoft. Investors are already celebrating the news, with Meta's shares surging 15% in after-hours trading.

Curated for you

Google has officially removed the cache link from search results snippets and will soon eliminate cache functionality altogether. SEOs and searchers will have to find alternatives, such as the free Wayback Machine.

Securing funding can be a challenge for minority entrepreneurs, but there are options available. This article provides a guide to help navigate the obstacles and secure the financing your business needs.

Despite the Federal Reserve's hawkish stance on monetary policy, gold prices are expected to reach and surpass record highs due to a confluence of factors, including central bank buying and global economic uncertainties. Analysts predict a surge in gold prices in the coming months.

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