Sunday, February 26, 2023

How to Develop Strong Business Acumen: A 2023 Guide

 Hey All,

When you are running a business, it becomes challenging to focus on everything. Thus, you need to delegate your responsibilities. Similarly, you are responsible for the smooth functioning of the system and need to know how they function and what makes them succeed. You cannot forget about any part of the entity, whether it is finance, marketing or sales. As the business owner, you need to stay on top of every activity and resolve problems quickly to have the best results. You can develop this instinct over the years through business acumen. If you are not aware of this term, do read the article shared below.  

https://www.business2sell.com.au/blogs/evaluation/how-to-develop-strong-business-acumen-a--guide

Develop Strong Business Acumen



Profits again outstrip wages amid accusations 'corporate Australia is driving inflation'

 While workers' pay packets are growing at the fastest pace in a decade, profits are still rising even faster, according to official data.

The Bureau of Statistics releases data on the size of corporate profits and workers' compensation each quarter.

Its latest figures, for the December quarter, show company gross operating profits rose 10.6 per cent, seasonally adjusted, over the final three months of last year.

Investment firm JP Morgan described it as a "significantly stronger" number than it was expecting.

Read More: https://www.abc.net.au/news/2023-02-27/wages-rise-but-profits-boom-abs-december-2022/102028990




Qantas slashes peak tourism season flights to Central Australia

 Tourism Central Australia (TCA) is reeling from another round of cuts to Qantas seats in and out of the region less than a week after the national carrier announced a billion-dollar profit.TCA chief executive Danial Rochford said Qantas had confirmed to him it was planning to cut another 30,000 seats during the 2023 peak tourism season.

"As you can imagine from as head of tourism, that's gut wrenching for my members and gut wrenching for the community," Mr Rochford said.

He said the seats would be cut from in and outbound flights for Alice Springs and Yulara between March and October.

Read More: https://www.abc.net.au/news/2023-02-27/qantas-flights-cut-from-central-australia/102015444




Nurse Nirmal Manu enjoys working in this country town and the community loves him right back

 Registered nurse Nirmal Manu's beaming smile lights up any room he walks into at the hospital in the small South Australian farming community of Karoonda.

While a long way from his original home in South India, Nirmal, 22, comes from a family of health professionals and feels a connection to helping others.

"My father is the head of pathology in a big hospital in India … and my brother is a pharmacist, so they motivated me to get into healthcare.  

"I thought nursing would be a good option so I can learn a bit about everything and then pursue additional studies and explore the medical field."

Read More: https://www.abc.net.au/news/2023-02-26/nurse-nirmal-manu-loved-by-patients-and-colleagues-in-karoonda/102007388



Monday, December 5, 2022

How To Stop Your Employees From Quitting?

 Hello,

Most employees were working remotely during the pandemic. It has changed their expectations from their workplace. They need an office that offers flexibility and an ideal work-life balance. Thus, business owners like me are looking to provide such facilities to them so that they do not quit. Finding new employees requires a lot of money and time and it can affect the business if a highly skilled talent is missing and an important role is left vacant. I understood this problem and have created a strategy that helps me stop employees from quitting. If you wish to know more about this strategy, here is an article that will help you.   

https://theomnibuzz.com/how-to-stop-your-employees-from-quitting/



Friday, October 28, 2022

Top 7 Advantages of Commercial Property Investment

 Hi all,

I wished to invest my extra savings over the years into a highly rewarding opportunity to secure my retirement. However, investing in stocks was a mistake as I lost a lot of money due to some foolish mistakes and same thing happened with buying cryptocurrency, Finally, I took the step of going into an investment that would bring a stable income consistently. I found the best option with a commercial property. A commercial real estate comes with a plethora of benefits that include tax benefits, no outgoings and high rental income which keeps growing. Plus, the capital appreciation helps you further. Here is an article that will list all these advantages for you. 

https://www.commercialproperty2sell.com.au/blog/2022/10/top-7-advantages-of-commercial-property-inves.php



Cairns Regional Council in spotlight over ban of shared e-scooters on footpaths

 Despite the Queensland government announcing tougher new e-scooter rules, one city is standing firm in its reluctance to allow shared vehicles on its footpaths.

Cairns Regional Council has knocked back several requests from e-scooter companies to work in the area while neighbouring councils are expanding the reach of shared e-scooters.

Shared e-scooters allow travellers to hire the scooter with an app, ride the scooter to their destination, and then leave it in a designated area available for the next person to hire.

Last year Beam scooters started operating in Port Douglas with just nine partner resorts and businesses, which has now been expanded to 14.

Read More: https://www.abc.net.au/news/2022-10-28/e-scooter-rules-cairns-footpath-ban/101579846



Brisbane City Council approves Brisbane Racing Club's takeover of Stafford Bowls Club lease

 Despite concerns over transparency, Brisbane City Council has approved a behind-the-scenes transfer of a lease of the former Stafford Bowls Club from Crushers Leagues Club to Brisbane Racing Club.

BRC indicated it would spend $7.5 million improving the site, which had not been used since 2016, and grant $200,000 a year to the local community as part of the deal.

It would also provide "financial and in-kind support to the activities of the Gibson Park Committee" — Stafford District Cricket Club, Padua College and Brothers Junior Rugby League Football Club.

Read More: https://www.abc.net.au/news/2022-10-27/stafford-bowls-club-new-lease-passed-by-brisbane-city-council/101578534



QLD government approves expansion plans for Olympic Athlete Village in Northshore Hamilton

 Plans to transform Brisbane’s Northshore Hamilton into a vibrant village hosting thousands of athletes for the 2032 Olympic and Paralympic Games made headway today after Queensland Deputy Premier Steven Miles approved an expansion of the development area.

The amendments to the zone – known as the Northshore Hamilton Priority Development Area – follow public consultation and will see an additional 1.2km of waterfront added to the project.

The new precinct will host 10,000-plus athletes and team officials for the Olympic Games and roughly 5,000 for the Paralympic Games. Following the major sporting events, the area will be converted to provide 1,750 apartments, as well as a commercial and retail space.

Read More: https://www.businessnewsaustralia.com/articles/qld-government-approves-expansion-plans-for-olympic-athlete-village-in-northshore-hamilton.html



Friday, October 21, 2022

Powerful Practices To Improve The Workplace Culture Of Your Business

 Did you know that 88% of job seekers feel workplace culture is necessary for a successful business? Each employee adds new beliefs and values and creates a shared workplace culture. When you and your employees have trust and transparency, and a shared set of goals and visions, your company will function more smoothly. If you are looking to start your own business in Brisbane, Australia and need some in-workplace culture tips, here are a few to help you out:

1.     Pay Attention To Your Employees

Over 75 % of employees will stay longer at a company where the management pays attention to them. Therefore you must actively sit with your employees and listen to what issues they might be facing. Constant discussions will create a more personal connection and make your employees feel more involved with your company.

2.     State Your Goals

One of the primary things that drive workplace culture and make employees feel more engaged is stating your goals. According to a survey, 51 % of employees were more engaged and involved in a company where the goals and mission were visible. You must make your future visions for the company visible as well as remind your employees constantly of your company goals and values.

3.     Encourage Communication

Around 86% of employees felt that lack of communication in a company leads to failure and inefficiency. Thus, as a manager, you must actively encourage your employees to interact with each other so they feel like they are a part of a team. You must hold group meetings where members of different teams can meet and share their ideas and visions.

4.     Create Trust And Transparency

A study by Forbes revealed that transparency and trust were the main factors determining workplace culture. If you are not transparent with your team about your plans at the corporate level, then this will lead to a culture of mistrust and secrecy. Thus, you must explain your every move to your employees and be open with your target customers.

5.     Be A Strong Leader

As a leader, you must constantly develop new and innovative strategies and plans and keep your creative juices flowing. This will inspire your employees and motivate them to keep going as well. A study found that 89% of employees their leaders supported were more successful. Therefore you must constantly help and motivate your team and be a strong leader.

These tips will be handy when planning to run your Brisbane business. You can also use these tactics in established businesses listed for sale in Brisbane. It will allow you to improvise and add the above tips to these established businesses for sale in Brisbane and make them more successful. I can share an example of one such franchise listing where you will see the importance of workplace culture:

1.     Rewarding Signage Franchise For Sale!

Have you always dreamt of running your franchise and creating a solid team built for success? Then this signage franchise for sale in Clontarf is the best opportunity for you. At this Signarama franchise, you will get training and support from the management to learn the ropes of this well-established franchise. As a franchisee leader, you will also get the following:

      Includes all the equipment and efficient systems.

      9-5 trading hours for the perfect work and home balance

      Chance to hone your leadership skills

      Chance to create a strong workplace culture for your employees

      Extensive customer base and recognition

If this sounds like a good opportunity for you, then you can learn more about this franchise for sale in Clontarf by clicking on the link below:

https://www.business2sell.com.au/businesses-details/rewarding-signage-franchise-for-sale-existing-super-busy-locati-329168.php

You can also engage with more such franchises or businesses for sale in brisbane by clicking on this site below:

https://www.business2sell.com.au/businesses/qld/brisbane/clontarf

Start your new business journey and cultivate a strong and dynamic workplace culture to help your business progress.

 

Embattled startup News.net to ‘suspend operations’, staff still owed thousands

 Embattled journalism startup News.net will suspend operations from the close of business today amid a major pay dispute with its employees and suppliers who are owed thousands of dollars in unpaid wages and invoices.

The company’s sole director Brendt Munro told staff on Wednesday evening that he had no choice but to temporarily stop operating, three days after this masthead revealed the entity was facing federal court action over its inability to pay staff and third-party services. He would not put a definitive date on when outstanding wages would be paid.

Read More: https://www.smh.com.au/business/companies/embattled-news-startup-news-net-to-suspend-operations-staff-still-owed-thousands-20221019-p5br6y.html



NEXTDC opens $1.5b data centre in Melbourne to feed the insatiable ‘data beast’

 Digital infrastructure group NEXTDC (ASX: NXT) has officially opened its largest data centre yet, a $1.5 billion Melbourne facility that is five times the size of the MCG, with CEO Craig Scroggie revealing the increasing scale of the company’s centres was essential to meet an explosion in demand for data storage.

The opening of the M3 data centre at West Footscray, the third built by NEXTDC in Melbourne, comes just weeks after the company opened a $1 billion data centre at Artarmon in Sydney's lower North Shore – the largest of three it has built so far in the NSW capital.

Read More: https://www.businessnewsaustralia.com/articles/nextdc-opens--1-5b-data-centre-in-melbourne-to-feed-the-insatiable--data-beast-.html



Australian banks close hundreds of branches and ATMs as services move online

 More than 1,600 bank branches closed nationally in the past six years, new data shows, with 309 branches axed in the last financial year alone. 

The latest data from the Australian Prudential Regulation Authority (APRA), released on Wednesday, revealed in the financial year ending June 2022, 96 branches closed in NSW, 57 closed in Queensland, and 88 closed in Victoria.

APRA's annual authorised deposit-taking points of presence data followed last month's federal task force report into regional banking.

Read More: https://www.abc.net.au/news/2022-10-19/more-bank-branches-atm-close-nationally-apra-2022/101550794



Monday, August 29, 2022

How To Boost Repeat Sales With Effective Loyalty Management

 Hello all,

Entrepreneurs are always looking for higher sales. However, they do not have the budget to market the products in new areas to get new customers. Thus, they utilise the customer database to make way for more sales. Existing customers are easier to persuade to purchase more by offering a discount or free gift. There are several ways of keeping them engaged with the brand by sending communication about new offers and product information. I addition, listening to their needs and making changes accordingly plays a vital role in making them loyal buyers. If you too need loyal customers for your business, here is an article that will help you get them.

https://www.business2sell.com.au/blogs/strategy/how-to-boost-repeat-sales-with-effective-loyalty-management



Gold Coast Business Week: The 2030 business trends playing out in the 2020s

 The pandemic has brought the future forward by a full decade, and businesses that aren’t ready for it could be left behind, according to futurist Michael McQueen.

From the emergence of artificial intelligence and changes in the way labour markets operate, McQueen believes the 2030s are effectively playing out in the 2020s and this will deliver radical game-changing shifts to the economy over the next few years.

Addressing the opening event at Gold Coast Business Week, a business breakfast hosted by the City of Gold Coast in Surfers Paradise, McQueen said the biggest shift was already upon us with Millennials getting older and Generation Z set to take over as the dominant demographic in the work force. They are also an emerging well-heeled consumer group that can’t be ignored.

Read More: https://www.businessnewsaustralia.com/articles/back-to-the-future--the-2030-business-trends-playing-out-in-the-2020s.html



Queensland taxpayers foot $2 million bill for inner-west Brisbane school planning

 The Queensland government has spent $2 million planning a new primary school in inner-west Brisbane but after five years and two identified sites, the school’s location is still in doubt.

The Palaszczuk government announced in 2020 that it would build the school for $65 million to open by 2023. It is now budgeted to cost $90 million and open in 2024.

Following strong community opposition to the government's latest preferred location at the former Toowong Bowls Club site, Greens MP Michael Berkman revealed the government was reconsidering the location last week.

Read More: https://www.abc.net.au/news/2022-08-30/qld-government-new-inner-west-primary-school-brisbane-grace/101383438



Queensland plane crash victims identified as millionaire businessman Tom Strachan, son Noah, and pilot Garry Liehm

 The three people who died in a light plane crash in the Somerset region, west of Brisbane, on Monday have been identified as millionaire businessman Tom Strachan, his son Noah and pilot Garry Liehm.

The successful agri-business mogul, 48, his 20-year-old son and the 63-year-old Gold Coast pilot were all killed when the plane came down in dense bushland near Fernvale.

The alarm was raised after the Cessna aircraft failed to return to Archerfield Airport around 2:40pm.

Read More: https://www.abc.net.au/news/2022-08-30/qld-plane-crash-victims-somerset-tom-strachan-noah-strachan/101384942



Monday, July 4, 2022

Business Intelligence: What It Is & Its Importance

 Hello all,

Sometimes, we are so engrossed in following the old ways that we forget about adopting the new methods and technology. Although business intelligence (BI) existed even before big data made its presence felt, it was not taken seriously. The use of digital tools to understand data, collect it and store it has revolutionised the way business’s function. It has been a few years that we have been using BI in our organisation and it has got us amazing results. The whole system is now dependent on BI because of the data and the information it offers. Every business owner should know about it. So, here is an article that will help you understand this better. 

https://www.business2sell.com.au/blogs/evaluation/business-intelligence-what-it-is-its-importance



Collection House calls in administrators: Was Volt collapse the spark?

 A recapitalisation plan has failed to save debt collector Collection House (ASX: CLH) after it languished for two years in COVID-induced doldrums and a weak national economic situation, with the company today announcing it has appointed administrators.

The Brisbane-based company today requested its securities be suspended from trading on the ASX and has appointed FTI Consulting as voluntary administrators who now have the ironic task of protecting Collection House from creditors chasing up debts of their own.

CLH said the decision came after “exhaustive attempts to restructure the business and raise additional funding were unsuccessful”. This included multiple divestments of assets including its debt ledger book to Credit Corp Group (ASX: CCP).

Read More: https://www.businessnewsaustralia.com/articles/debt-collector-collection-house-faces-the-music--appoints-administrators.html



SEEK Investments commits $20m to casual staffing platform Sidekicker

 Casual and temporary staffing platform Sidekicker has secured $20 million in funding from Seek Investments as it adapts to the significant increase in demand in the space following the lifting of lockdown measures across Australia and New Zealand.  

Currently placing an average of 2,500 workers, known as sidekicks, into jobs each week, the Melbourne-based company aims to help businesses experiencing worker shortages due to the pandemic's ongoing effects on the labour market.

Sidekicker CEO Thomas Amos, who co-founded the company with Jacqui Bull in 2013, said that the company’s continued growth is due to businesses switching from traditional hiring models and turning to platforms like Sidekicker.

Read More: https://www.businessnewsaustralia.com/articles/sidekicker-raises--20m-as-it-seeks-out-new-opportunities-for-growth.html