RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whether the operators have the proven expertise and experience to genuinely help budding entrepreneurs.

Jock Fairweather (pictured), director of co-working space Little Tokyo Two and accelerator program Thunder Lizards, claims t...

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WHY AUSTRALIA SHOULD GIVE UP USING EUROPEAN NAMES FOR ITS FOOD PRODUCTS

WHY AUSTRALIA SHOULD GIVE UP USING EUROPEAN NAMES FOR ITS FOOD PRODUCTS

IS IT worth finding new names for cheeses such as Feta, Brie, Camembert, Parmesan and Stilton to gain an advantage in trade negotiations? Bond University Professor William Van Caenegem believes it could be, and, once the confusion over cheeses settles, there could be some big benefits for the country's agriculture industry. Caeneg...

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FOOD TRUCKS AND OUTLANDISH DESSERTS: THE HOSPITALITY TRENDS OF 2017

FOOD TRUCKS AND OUTLANDISH DESSERTS: THE HOSPITALITY TRENDS OF 2017

FERMENTED foods, boutique coffee roasts, and Asian pancakes are some of the major hospitality trends set to boom next year, according to Silver Chef's latest annual Hospitality Industry Success Index report (HISI).

Diving into the Australian hospitality sector, the latest HISI report revealed the biggest trends to hit Aussie shores t...

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GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to the Business Council of Australia. Business Council chief executive Jennifer Westacott (pictured) says Parliament can't afford to avoid facing up to Australia's very real and growing challenges. "Parliament mu...

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THE GREATEST CHALLENGES FACING BUSINESS AND HOW TO SOLVE THEM

THE GREATEST CHALLENGES FACING BUSINESS AND HOW TO SOLVE THEM

THE business environment in which we operate is dynamic; with the only constant being change. Adapting to this change is critical if businesses are to remain successful in this highly competitive environment. With this in mind, I will share some of the key challenges that businesses of all sizes are facing.

These are all challenges that ...

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HOW THE 'MAGNIFICENT SEVEN' CAN INCREASE YOUR PRODUCTIVITY

HOW THE 'MAGNIFICENT SEVEN' CAN INCREASE YOUR PRODUCTIVITY

WHEN reviewing the financial performance of a business, the primary measure I look at is return on capital employed (ROCE) - not only a measure of the profitability of a business but also the efficiency with which its capital is employed.

In Laymen's terms, ROCE works out how much bang for your buck you're getting out of the time...

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SIX ESSENTIALS FOR CASH FLOW MANAGEMENT

SIX ESSENTIALS FOR CASH FLOW MANAGEMENT

MONITORING cash flow should be your number one priority if you are a business owner; after all, cash is king. Part of this process is having careful control of debtors, for anyone that has experienced times of tight monetary control you know how critical this is in tough times.

Outlined below are key points on how to ensure your cash flo...

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STRAIGHT TALK: HOW CRAIG TREASURE BUILT SUCCESS AT VILLA WORLD

STRAIGHT TALK: HOW CRAIG TREASURE BUILT SUCCESS AT VILLA WORLD

SINCE taking charge of Villa World Group (ASX:VLW) four years ago, managing director and CEO Craig Treasure has led the company through its most successful period.

In that time, the Gold Coast-based affordable housing builder and developer has grown its market capitalisation from $50 million to $220 million by building annual sales from 400 p...

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THE NINE-STEP PLAN TO EXIT YOUR BUSINESS

THE NINE-STEP PLAN TO EXIT YOUR BUSINESS

IN business management guru, Stephen Covey's, best-selling book, The Seven Habits of Highly Effective People, beginning with the end in mind was a top habit of his. This got me thinking. Why is it that so many business owners don't have a clear picture of what they want their business to look like when it's 'done'?

Covey...

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FROM THE TANK: GOOD OLD-FASHIONED BUSINESS STILL RELEVANT

FROM THE TANK: GOOD OLD-FASHIONED BUSINESS STILL RELEVANT

BEING involved with Shark Tank and my friendship with startup guru Steve Baxter has inspired me to seriously engage with early stage businesses.

At last count, I'm actively engaged with, invested in or mentoring nine fledgling startups. My interest in this space recently drove me to attend the launch of Innovation North Queensland (INQ) i...

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FROM THE TANK: BRINGING AN IDEA TO LIFE

FROM THE TANK: BRINGING AN IDEA TO LIFE

TAKING an idea from a lightbulb moment to a fully-fledged enterprise may seem overwhelming for the average punter, but serial entrepreneurs get excited by the challenge, and generally follow a similar roadmap on their way to execution success.

Last week it was very exciting to take part in Ralph Ashton's My Big Idea panel, an initiat...

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FROM THE TANK: THE CLOCK IS TICKING, TIME TO ACT

FROM THE TANK: THE CLOCK IS TICKING, TIME TO ACT

SCRAPING back into power by the smallest margins is simply a symptom of bad politics, bad governing and a lack of engagement with the electorate.

Malcolm Turnbull has enjoyed a number of successful careers - law, banking, investing, journalism - and can now add Prime Minister of Australia as his most successful vocation.

He has nothing to ...

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BREXIT: KEEP A COOL HEAD IN VOLATILE MARKETS

BREXIT: KEEP A COOL HEAD IN VOLATILE MARKETS

THE British withdrawal from the European Union will prove to be another crisis of confidence, according to Morgans. The stockbroker has likened Brexit to numerous Greek sovereign debt crises, which shocked the markets at the time but regained stability as the issues were managed. Morgans chief economist Michael Knox shares his perspec...

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FROM THE TANK: SHOULD YOU EVER WHACK-A-MOLE?

FROM THE TANK: SHOULD YOU EVER WHACK-A-MOLE?

A FAST-PACED game of whack-a-mole often evolves as a business begins to scale up.

Based on my past experience with Greencross (ASX: GXL) and my work these days on a number of companies including Shark Tank startups, it seems the faster you grow, the more chaos occurs.

For the unacquainted, whack-a-mole is the game you sometimes play as lit...

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FIVE EOFY THINGS SMALL BUSINESS NEEDS TO KNOW

FIVE EOFY THINGS SMALL BUSINESS NEEDS TO KNOW

AS the end of financial year approaches for small to medium enterprises (SMEs), owners can be forgiven for never wanting to pick up a calculator again, with stocktakes, tax declarations and payroll summaries all requiring completion before June 30. Accounting fatigue is real, but the temptation to scrimp on the detail can harm your busine...

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FROM THE TANK: HOW I PICK TECH COMPANIES

FROM THE TANK: HOW I PICK TECH COMPANIES

JAMIE Pherous, the founder of Corporate Travel Management (market cap $1.4 billion) said it well at the Brisbane Business News breakfast last week: "Business is simple, don't overcomplicate. Learn the rules of the game and play hard". 

Business is a little like a game of rugby, where you pass the ball backwards an...

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BUSINESS: REGISTER ASSETS OR RISK EVERYTHING

BUSINESS: REGISTER ASSETS OR RISK EVERYTHING

DESPITE only taking several minutes online, and costing less than the morning cup of coffee, many businesses are failing to protect their legal rights of ownership.

The Personal Properties Securities Register (PPSR), a single national registry, allows businesses to protect their legal stake in personal property. Personal property takes on man...

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FROM THE TANK: TO IPO OR NOT TO IPO?

FROM THE TANK: TO IPO OR NOT TO IPO?

IT ALWAYS intrigues me that nirvana for entrepreneurs seems to be the big IPO that's supposed to deliver oodles of cash.

An IPO is a complex exercise that includes months of preparation, due diligence and the construction of a conscientious prospectus that states a clear reason for listing and how the funds will be used. Cashing out ...

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EXECUTIVE ESCAPE AT HILTON SYDNEY

EXECUTIVE ESCAPE AT HILTON SYDNEY

IT'S a name synonymous with luxury, but it isn't until you actually step foot into the Hilton Sydney Hotel that you get a feel for a certain extravagance.   As a busy professional in the big smoke for a few days, hopping from one meeting to the next, it was just as important for me to find the right hotel as it was to make th...

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WAGE REVIEW DECISION TO ADVERSELY AFFECT RETAILERS AND EMPLOYMENT

WAGE REVIEW DECISION TO ADVERSELY AFFECT RETAILERS AND EMPLOYMENT

THE Australian Retailers Association (ARA) is concerned for the future of the retail industry after the Fair Work Commission awarded an unmanageable $15.80 a week increase in the minimum wage. From 1 July 2016, the national minimum wage will increase to $672.70 a week, or $17.70 per hour.  For retailers it will see the rate for shop ...

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