The local “IT guy” who installs and maintains computers for small businesses is facing a bleak future. Cloud software and services are easier to buy and manage andoften a lot cheaper than running your own server. Even Microsoft has terminated server software for…
So, you have a million-dollar business idea, but haven’t started working on it. You might be wondering: “do I need a co-founder?” Most successful start-ups or tech businesses have multiple founders. Google, Facebook, Twitter, LinkedIn, YouTube, Groupon, Uber, Square, Instagram, to…
Small businesses are continuing to embrace teleworking, with new research revealing almost two in three allow their employees to telework. The research conducted by MYOB found the number of SMEs accepting teleworking has jumped 7% since March 2013 from 57%…
Supermarket chains, franchisors, finance companies, telcos and shopping centre landlords may have to rewrite their standard contracts with small businesses once the budget extends legal protection for SMEs. While Tuesday’s budget is not expected to contain any big-ticket sweeteners for small…
1. Clashing Vision Problem: Partners often don’t voice their vision for the business beyond simply making money. People usually go into business together for financial reasons but end up spent because their values, goals and dreams are fundamentally misaligned. If one…
If you want to create a real competitive edge in your business start focusing on your customers. It sounds obviously simple, but the fact is most businesses continue to focus on what value they can get as opposed to what value they…
Australian small businesses are feeling positive about their current and future performance, according to the first Westpac-Melbourne Institute Small Business Index. The index, based on a survey of 300 businesses around Australia in two weeks in January, is sitting at…
There are a number of key professionals when you are considering buying or selling a business. One of those is the business broker. While there are many stories of bad experiences with business brokers, as is often associated with any…
With so many options available to you, the question will become which type of the business? Between franchises, existing businesses, start-ups, and home- based businesses, it can become quite daunting. When looking at all the options you have to decide…