Australians stuck in a prolonged cost-of-living crunch are starting their festive shopping increasingly early. Most plan to finalise their shopping lists by October (53%) and do the bulk of their shopping by November (58%), new research from Shopify has revealed. This trend is more pronounced for Australians
The Council of Small Business Organisations Australia (COSBOA) and CommBank have today launched the 2024 Small Business Perspectives Report. This comprehensive report addresses the critical challenges facing Australia’s small business sector, including the cost of doing business, workforce and training, energy transition, AI, industrial relations, and government procurement contracts. The
The Export Market Development Grant (EMDG) is a key Australian Government financial assistance program aimed at encouraging businesses to develop export markets. From 1 July 2021, the EMDG scheme changed from a reimbursement model to a grants scheme that is intended to provide upfront funding
Household spending was unchanged (0.0 per cent) in August, according to seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS). Robert Ewing, ABS head of business statistics, said: “Growth in household spending has stalled at the start of the financial year, even
All those that are key to a business, including its owner/s, executive team, senior management and advisors, should be able to recognise business distress if it occurs, both within their business and in their customers and suppliers. Spotting the signs early can enable a relatively
When encountering financial challenges, small businesses should get on the front foot and address the situation early, including by finding out what help is available. If you’re worried about repaying debts, early engagement can significantly improve your chances of managing financial difficulties: Banks have dedicated financial
The Business Council strongly endorses the passage of the Government’s legislation to pay superannuation on the paid parental leave scheme, as a key step in closing the super balance gender gap for women. Business Council Chief Executive Bran Black said it was an important step
The Reserve Bank once again held rates, but shoppers’ wallets remain shut to struggling retailers. The Australian Bureau of Statistics (ABS) reported that year-on-year sales flatlined in July, despite efforts by retailers to encourage spending. National Retail Association (NRA) Interim CEO Lindsay Carroll said the
The ACCC has commenced separate proceedings in the Federal Court against Woolworths Group Limited (Woolworths) (ASX: WOW) and Coles Supermarkets Australia Pty Ltd (Coles) (a subsidiary of Coles Group Limited – ASX: COL) for allegedly breaching the Australian Consumer Law by misleading consumers through discount
Inflation remains a significant concern for economies globally, with some experiencing moderation while others facing persistently elevated levels. This disparity has led companies to reevaluate their strategies to mitigate inflation’s effects. Companies across industries are taking decisive steps to deal with the pressure emerging out of
Small Business Connections (SBC) is a media platform that delivers targeted content, news, industry reports, trends and tips to business owners, entrepreneurs, startups and stakeholders in the SME sector.
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