Tuesday, August 16, 2022

Businesses should reduce operating expenses in face of rising costs

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Businesses will struggle to survive if they don’t find innovative ways to navigate supply chain issues and manage the rising costs of doing business. The next 12 – 24 months is going to be challenging for businesses to maintain operations unless they are able to manage supply chain issues and the rising cost of doing business effectively. Being an island nation, Aussie businesses only have two options for bringing goods into the country - by air and by sea.

SMEs should leverage the federal SME Recovery Loan Scheme

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Businesses should to take advantage of the government’s generous SME Recovery Loan Scheme before applications close on 30 June 2022. The SME Recovery Loan (SRL) Scheme is providing much-needed financial assistance to many SMEs who would otherwise not be able to access business funding to help their business through the challenges of COVID. 

What businesses should do to protect against state-aided cyber attacks

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Nation state cyberthreats are growing in prevalence, persistence, and scale across the globe. As evidenced by the latest activity in Ukraine, nation state actors are emboldened to take action via cyberspace. In fact, Trellix’s most recent Threat Labs Report: April 2022 detailed an upsurge in cyber threats likely from a Russian-backed actor in the fourth quarter of 2021.

Top 3 expert tips for breaking into industries dominated by big players

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When you’re just starting out, the idea of breaking into an industry dominated by big players can feel daunting, if not impossible. No matter what industry you’re breaking into, there’s always going to be someone bigger, more established, and (seemingly) better than you.

How to launch a successful business that gains momentum and succeeds

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In Australia. 60% of businesses will fail in the first three years. It’s a sobering statistic that reminds us of the serious challenge of running a sustainable business. So, how can you turn a successful launch into a long term success? Here are five key factors that I’ve discovered from over two decades’ of building, growing, and maintaining my business, Cars For Sale. 

EOFY and beyond: Strategise ahead to avoid business costly errors later

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As the start of a new financial year, SOFY, looms, now is the time to set your business up for success. And that starts with planning. To help you understand what you can do now that will pay dividends later, the experts at The Access Group have compiled the top 5 things you need to know to close out the financial year and set yourself up for a flying start to FY23.

Influencer Marketing: Here’s how to up your social media influencer game

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Influencer marketing has taken the world by storm. More brands are utilising authentic, “everyday people” to showcase their products with incredible results. Influencer marketing as an industry grew from $1.7bn in 2016 to $13.8bn in 2021. In 2022 it is projected to reach a whopping $16.4bn. As the plethora of options in each industry continue to grow, and new brands expand their reach, consumers search for ways to feel confident in their purchases. 

Performance management tips to help the HR build high-performing teams

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Traditionally, performance management has sucked. Its value was more akin to a corporate compliance process or box to tick rather than a tool for firms to build high-performing teams. Its purpose has been twisted for so long that the concept of performance management has become misaligned, leaving HR managers with a perception battle of what it means today.

Why your cannabis business should prioritize distribution to succeed

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The legal cannabis industry has blown up since 2020, and many investors are starting to notice. Several states voted in 2020 to legalize both medical and recreational consumption of cannabis in the 2020 elections. And many players in the cannabis market understood that regardless of the outcome, 2020 was going to be a significant year for the cannabis industry.

Did you know that posture can make or break your confidence at work?

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Even though we’ve all been told never to judge a book by its cover, first impressions can, and do, last. Your first glimpse of someone you’ve never met seems to stay with you, even if you consciously try to shake it. Nowhere is this more noticeable than in the workplace.