To hear the Woolworths and Coles chief executives speak on Four Corners this week, you’d think their industry was highly competitive. For instance, Woolies’ chief Brad Banducci said: this community over here, there will be three Coles stores within two kilometres of it, at least one ALDI
Businesses of all sizes are progressively adopting a more strategic approach, moving beyond traditional financial management practices and towards collaborative business partners. This shift sees executive leaders navigating through uncertainties, driving the effective implementation of strategies across the business, and playing a key role in
Living costs for employee households rose 6.9 per cent in the year to the December 2023 quarter, according to the latest data from the Australian Bureau of Statistics (ABS). Michelle Marquardt, ABS head of prices statistics, said: “Increases in annual living costs ranged from 4.0
Australians have been hit by large rises in grocery, energy, transport, child and aged care prices, only adding to other cost of living pressures. While extreme weather and supply delays have contributed to the increases, an inquiry into what’s causing the hikes has confirmed what
You’ve probably heard the phrase ‘cash flow is king’ and with tough economic times for many Australian SME’s never has this been more true. Cash flow is what separates a thriving business from one struggling to stay afloat. It encompasses all revenue generation, operational expenses
The small business landscape thrives on innovation and passion, but even the most brilliant idea can struggle to take flight without a solid foundation: healthy cash flow. Navigating the ups and downs of financial cycles can be tricky, but fear not, enterprising entrepreneurs! Here’s a
Time-poor Aussies who rely on online shopping to get their retail fix could soon be paying up to 25 percent more, predicted leading Australian digital marketing expert, Sagar Sethi. Sethi is the founder and CEO of Melbourne-based digital marketing agency Xugar, that helps brands across
New data released by the Productivity Commission this week shows out-of-pocket costs for childcare continue to rise, as campaigners call on the Federal Government to abolish the childcare subsidy Activity Test to ease families’ cost-of-living pressures. The data also showed a downward trend in the
Disputes about being paid, trouble with a digital service provider, contract battles and franchise disagreements are the top four issues where small business have sought the help of the Australian Small Business and Family Enterprise Ombudsman over the past six months. The Ombudsman, Bruce Billson,
After a year-long inquiry, the ACCC has found that childcare markets under the current regulatory settings are not delivering on key policy objectives for all households and communities, including in relation to accessibility and affordability. The ACCC has recommended consideration by Government of potential changes
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