Federal Labor calls for an end to live sheep exports

Federal Labor calls for an end to live sheep exports

The Federal Labor party has called for an end to the live sheep export trade if it wins government at the next election. The party says it will transition the industry away from the live export of Australian sheep into meat processing. The live export industry has come under immense fire from animal rights organisations and the broade...

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The biggest mistakes an entrepreneur can make, and how to avoid them

The biggest mistakes an entrepreneur can make, and how to avoid them

I am often asked by entrepreneurs, "how much profit should my business be making?" My answer is always the same: It depends. It depends because I don't know how much money is invested in the business in the first place. The amount of capital invested has a significant influence on how much profit is enough. Unfortunatel...

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There is little to be proud of in the wake of the live export controversy

There is little to be proud of in the wake of the live export controversy

Corporate Social Responsibility is a phrase often tossed around by boards of top Australian companies wanting to give back to the community. It is associated with companies with big brand names, wanting to look as though they are empathetic, kind, and in touch with their consumer. It's about time the Australian agricultural indust...

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ACTION NEEDED ON GENDER DIVERSITY THIS AGM SEASON

ACTION NEEDED ON GENDER DIVERSITY THIS AGM SEASON

PROGRESS towards achieving 30% female representation across ASX 200 Boards has stalled according to a new report released today by the Australian Institute of Company Directors. The percentage of female directors across the ASX 200 has risen dramatically since 2009 when it stood at just 8.3%. However, the AICD's Quarterly Gender d...

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FACTS MATTER IN TAX REFORM DEBATE

FACTS MATTER IN TAX REFORM DEBATE

Politicians can have differing opinions in the company tax debate, but they shouldn't mislead the public about the facts," Business Council chief executive Jennifer Westacott said after Opposition Leader Bill Shorten today repeated his patently untrue claim that company tax reductions 'impede growth'. The Opposition Leade...

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WAGE INCREASE 'DEVASTATING' FOR AUSSIE RETAILERS, SAYS ARA

WAGE INCREASE 'DEVASTATING' FOR AUSSIE RETAILERS, SAYS ARA

THE Australian Retailers Association (ARA) says it is extremely concerned by the national minimum wage increase of 3.3 per cent announced today by the Fair Work Commission (FWC).

The ARA is concerned the increased margin will stifle jobs growth within the retail sector and be extremely harmful to the growth and stability of the industry.

A...

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LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector's priorities says Australian Small Business and Family Enterprise ombudsman (ASBFEO) Kate Carnell.

Carnell wants action on issues such as business tax cuts, competition reform, unfair contracts, government procurement ...

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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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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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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 (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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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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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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FROM THE TANK: DIVING INTO POLITICS

FROM THE TANK: DIVING INTO POLITICS

A DECADE ago I faced an important career decision which could have changed the course of my life. 

Option one, pack our bags and head to Brisbane to head up Greencross as we finalised plans to list on the ASX. Option two, seek endorsement by a political party to run for State or Federal Government in the local Townsville area. Lisa, my w...

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FROM THE TANK: PEOPLE MATTER MOST

FROM THE TANK: PEOPLE MATTER MOST

WHAT am I looking for on Shark Tank? In actual fact, I am looking for 'who' rather than 'what'.

The product or service has to be market relevant but I am more interested in the capability of the entrepreneur. Exceptional entrepreneurs take companies on exceptional journeys and I am looking for people who I want to work wi...

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FROM THE TANK: WHY 'ROLL UPS' BLOW UP

FROM THE TANK: WHY 'ROLL UPS' BLOW UP

'ROLL UPS' of the professional services kind generally fail because the wrong people pull together a gaggle of small businesses for the wrong reasons.

Who are the wrong people to lead an industry aggregation? Private equity houses, founding practitioners having an entrepreneurial seizure, and industry outsiders having a crack (convinc...

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WHAT I'VE LEARNT: 12 MONTHS INTO STARTUP LIFE

WHAT I'VE LEARNT: 12 MONTHS INTO STARTUP LIFE

GO TO university, graduate with good grades and get a job with a reputable company. Retire after 40 years, buy a caravan and travel around Australia.

Sounds boring.

Nonetheless, I started going in that direction and ended up working at several SME design agencies. But all of that changed when I was offered an opportunity to join a s...

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DOES AMAZON IN AUSTRALIA SPELL TROUBLE?

DOES AMAZON IN AUSTRALIA SPELL TROUBLE?

THERE'S been murmurs about Amazon setting up a presence in Australia for years now, but the rumour mill is currently in overdrive. 

Based on the Australian Government's plan to apply the GST to imported goods, it now makes logistical sense for Amazon to maintain a warehouse locally.

This has some Australian retailers co...

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FACEBOOK FEATURES SMALL BUSINESSES NEED TO KNOW

FACEBOOK FEATURES SMALL BUSINESSES NEED TO KNOW

WITH advertising on social media on the rise, Facebook should take top spot in the marketing budget of every business according to SponsoredLinX. In 2016, all of the major social networking sites will introduce new features designed to entice potential advertisers. With so many options available, confused businesses may be wondering where...

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FIVE TIPS FOR FIRST TIME INVESTORS

FIVE TIPS FOR FIRST TIME INVESTORS

THE first few months of the year always brings a wave of investors to the market many of which have decided to invest for the very first time. From an agent's perspective, meeting with these new clients can be exciting as they are always keen to explore the 'rental world' and are ready to soak up the information thrown at them...

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TOUCH COMMERCE SET TO SOAR, BUT WHERE IS THE MANAGER'S RUNWAY?

TOUCH COMMERCE SET TO SOAR, BUT WHERE IS THE MANAGER'S RUNWAY?

SMART-device and mobile consumer purchases are predicted to spiral upwards of 150 per cent worldwide this year in countries such as Australia, according to Deloitte. The financial services firm's annual Technology, Media and Telecommunications (TMT) predictions tilts heavily on the 'how' of purchasing, while managers need to f...

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USING DATA WITHOUT UPSETTING CUSTOMERS

USING DATA WITHOUT UPSETTING CUSTOMERS

SENSITIVITY isn't just something a woman looks for in a man, but something customers so desperately need from marketers. Here's how to stay on point.

Marketers have access to a wealth of information on individual customers, obtaining this data through purchase and web histories, geolocation tools or social media activity.

Ta...

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