Fake ads continue to run rife on Facebook, despite ACCC intervention

Fake ads continue to run rife on Facebook, despite ACCC intervention

Despite the Australian Competition and Consumer Commission (ACCC) warning Facebook about a number of recurring and dangerous ads on its site, the social media giant appears to have taken no action. Over the weekend, Business News Australia once again spotted scam ads which featured Shark Tank personalities and were spruiking fake business...

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Why your business needs to capitalise on Australia's fastest growing food movement

Why your business needs to capitalise on Australia's fastest growing food movement

It's the food movement that goes by many names. Whether you call it plant-based or cruelty-free, the vegan movement is more than just a quick trend; it's certainly here to stay. In the last year, over nine million Americans went vegan and Australia became the fastest growing vegan market in the world. But still, many food and ...

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Time to think big and stop pedalling the cruel live exports agenda

Time to think big and stop pedalling the cruel live exports agenda

Late Monday afternoon David Littleproud, the Minister for Agriculture and Water Resources, announced his travel itinerary for his time in Israel.

Demonstrating his clear inability to heed broad public opinion, Littleproud is currently in Israel lobbying for the country to continue taking live animals from Australia.

Littleproud'...

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How to take risks and be a brilliant CEO

How to take risks and be a brilliant CEO

In August 1987, my father, a small business entrepreneur, arrived home after work, and announced that we were moving to Australia. This announcement served as my first exposure to risk management from an entrepreneur's perspective. My father was regarded as crazy for uprooting the family and leaving apartheid South Africa Why put ...

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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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Australia's 'dumb luck' about to run out with economy on the brink of collapse

Australia's 'dumb luck' about to run out with economy on the brink of collapse

I RECENTLY watched the federal treasurer, Scott Morrison, proudly proclaim that Australia was in "surprisingly good shape".

Indeed, Australia has just snatched the world record from the Netherlands, achieving its 104th quarter of growth without a recession, making this achievement the longest streak for any OECD country since 1...

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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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JENNIFER WESTACOTT ON BANK TAX: IT EXPOSES GOVERNMENT "DESPERATION"

JENNIFER WESTACOTT ON BANK TAX: IT EXPOSES GOVERNMENT "DESPERATION"

South Australia's new bank levy exposes the desperation of a government that is unable to get its own budget and spending under control. 

The confused rationales for the tax are risible, and the knee-jerk approach to whacking job-creating businesses with ever higher taxes demonstrates how bereft we are becoming of good leadership.

...

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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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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 (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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