Friday, October 7, 2022

How businesses can effectively manage fluctuating exchange rates

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Businesses that trade in goods rarely escape from the complexity of global transactions and exchange rates. Selling to overseas markets is a goal many businesses aspire to succeed in, and hundreds of local businesses are already open to selling to overseas buyers, including through marketplace platforms such as eBay and Amazon to extend their market reach.

Putting all the chips in: How to turn your hobby into a successful business

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If you’ve got a hobby that you love, you’ve already cracked the hardest part of running your own business. That’s because if you don’t love what you do, you won’t have the drive and dedication needed to run a business successfully. Having a hobby means you have a strong passion for something, which is a rare quality in today’s distracted, throwaway society.

The vital features to consider as you develop a logistics/transportation app

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Transportation and logistics apps have been around for a long time and several businesses use them. With rapid advancements in tech, there is immense potential for this type of app. Apps developed with tech like AI/ML, AR/VR, etc. can work wonders for your business. The use of these apps in business is on the rise and this trend is expected to remain so for some time to come. In fact, using smartphones for transportation and logistics services is the ideal method to build consumer trust. This article provides more information on logistics app development and the list of essential features such an app should have.

SMBs should consult their auditors to leverage federal budget initiatives

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Small businesses in Australia are set to make significant gains under the 2022 Federal Budget. Some of the key points of delivery for the budget included the SMB skills and training boost, the SMB technology investment boost and $25.2m set aside to support SMBs. It is time for SMBs to set up appointments with their accountants in order to get the best advice on how to maximise their gains and make the most of these budget announcements. Your accountant will help you in assessing, planning and decision making. Businesses need to know their full financial position so as to maximise their ability to benefit from the initiatives.

How business leaders can kick-start or mature their DataOps practices

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The adage “information is power” is only true for businesses with the means to retrieve it from their growing mounds of raw data. This is becoming an increasingly challenging task, given how data volumes are projected to exponentially grow over the next few years. Businesses must improve their data processing and analytics capabilities if they are to capitalise on their data and remain competitive.  Most businesses are going down the DataOps path, which brings improved agility and veracity to data analytics.

How IT experts can best leverage observability for application success

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Research shows that 90% of ANZ IT professionals find observability crucial and strategic to their business. More companies have adopted cloud infrastructure and microservices to create their applications to deliver updates faster and be flexible around digital services.

How SMEs can leverage invoice financing to build sturdy brands

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If you’re running a successful small or medium sized enterprise, chances high that at some stage you will be struggling with cash flow. In most cases, businesses who come to us are in a period of growth and are wanting greater accuracy in their cash flow budgeting. 

From FOMO to FOOP: Buyers take command of the real estate market

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The cooling property market has resulted in the creation of an acronym, FOOP, fear of over paying. A year ago, people turned up to auctions and waving their arms in the air prepared to pay any amount of money to purchase a property through fear of missing out (FOMO). We were seeing crazy things happening at auctions. Now, things are vastly different.

How retailers can leverage digital experiences to meet online presence

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Shopping today is a digital-first experience for Australians. People are shopping more online than ever before. We have seen another important transformation where a person’s first instinct now is to reach for their phone or laptop and look for more details online — rather than relying on physical stores to discover new products or see what’s in stock.

How to make digital transformation part of your company culture

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Companies still adhering to the traditional way of doing business risk falling by the wayside if they don’t inject digital solutions into operations. And this was apparent during the pandemic, where businesses would almost entirely interact with their customers through digital means. Moving forward, several companies have transformed their operations to include digital processes, allowing for more efficient productivity and better customer satisfaction.