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Why do so many startups fail?

Whenever a business fails, there is rarely just one issue causing the downfall. Generally the founders would blame anything from cost issues to product mistimed. However, some problems are emphasized more often than others. Watch out for these sources to business failure. Business does not

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Significant changes to super on 1 July

Lisa Judge, Active Super Head of Financial Planning Significant changes to super came into effect on 1 July 2022 that are of particular interest to part-time employees and those just starting out in their career, as well as to those nearing retirement. Many of the implemented changes

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5 Simple ways to keep your customers coming back

Don’t take your return customers for granted. Read our tips for keeping customers happy and coming back. While most businesses have a focus on attracting new customers, it’s just as important to keep your current customers coming back. Here are our tips for encouraging repeat

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Small business suppliers need to be paid on time

More than half of the nation’s big businesses are missing their own deadlines for paying their small business suppliers, according to the latest data from the Payment Times Reporting Regulator. While there has been a marginal improvement in stated payment ambitions, actual payment performance has

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Beware of business email compromise scams

You’ve probably heard of phishing, where cyber criminals send texts, emails or social media posts which appear to be from individuals or organisations you think you can trust. Business email compromise takes phishing one step further. Using phishing techniques, cyber criminals can steal information such

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Digital marketing: The real competitive advantage for SMEs

Media & marketing leaders come together to support Australian SMEs Six of Australia’s leading marketing executives have joined forces to launch a disruptive marketing technology business that promises to keep online agencies and developers accountable by making independent, quality digital audits accessible and equitable for

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$60 Million backing businesses this winter

The Andrews Labor Government is supporting small businesses to improve indoor air-quality, keeping staff and customers safe this winter. Minister for Small Business Jaala Pulford today launched the next round of the $60 million Small Business Ventilation Program. Eligible businesses can access between $500 and $5000

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3.5% Unemployment: What about wages?

It’s not an academic way to start an article about Australia’s latest jobs numbers, but all I can think is “wow”. The official unemployment rate in June fell to 3.5%. It’s almost 50 years – August 1974, to be exact – since it was lower.

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Local governments to adopt customer-first approach

Small Business Commissioner David Eaton discusses the customer-first approach adopted by local governments participating in the SBDC’s Small Business Friendly Approvals Program. One silver lining of the COVID-19 pandemic and recent supply chain shortages impacting many industries, has been an increased appreciation of the significance

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Measures to end merchant card transaction fees

The National Retail Association is calling on the Reserve Bank to end unnecessarily high merchant fees associated with card transactions which unfairly impact small business, following the release of the RBA’s Retail Payment statistics yesterday.  National Retail Association Chief Executive Dominique Lamb said the Reserve

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