Recent news & event
In Australia, the skills gap has become a critical concern for business owners across various industries. As the market continues to evolve, the need for specialized skills is more pressing than ever. However, many Australian business owners are increasingly frustrated by their inability to find workers with the necessary expertise to meet their growing demands.…
The concept of work-life balance often feels like a distant dream. The constant pressure to be available 24/7 can take a toll on employees’ mental and physical health, leading to decreased productivity and job satisfaction. However, research consistently shows that employees who enjoy a healthy work-life balance are happier, more engaged, and ultimately, more productive.…
As small to medium-sized enterprises (SMEs) across Australia grapples with declining revenues, many are holding back on growth and shifting their focus to sustaining operations. The latest SME Sentiment Tracker by Fifth Quadrant and Ovation reveals that 40% of SMEs have experienced a drop in revenue compared to last year. Sectors like distribution, retail, production,…
Let’s face it, running a small business is a rollercoaster. You’re constantly hustling, adapting, and hoping for the best. But economic uncertainty can feel like that first drop on a rickety rollercoaster – scary and unpredictable. A report by The National Bureau of Economic Research found that small businesses are twice as likely to close…
Starting a business is exhilarating yet challenging. Whether you’re a seasoned entrepreneur or just diving into the world of business ownership, the statistics can be daunting. According to SBA, 80% of small businesses survive the first year. However, only about 50% of small businesses survive beyond the fifth year. While these numbers may seem discouraging,…
Many small and medium-sized enterprises (SMEs) chase short-term gains. But for true longevity, SMEs need to prioritise sustainable growth strategies. This means building a solid foundation that fosters long-term success while adapting to evolving markets and customer needs. Why is Sustainable Growth Important for SMEs? Here’s why a focus on sustainable growth is crucial for…
