NEWS

How to Grow Your Online Business

By now most people are well aware of the benefits of running a business online. The cost is minuscule compared to a traditional bricks and mortar storefront, and the ability to sell your product to people all over the world has seen global ecommerce sales hit the $2 trillion mark. With the online market so competitive these days it can be quite difficult to gain a foothold, so we’ve come up with a few tips to help you grow your online business. 1. Acquisition Cash flow is the lifeblood of most business and in order to generate cash you need sales, and to get sales you need customers! Acquiring new customers can be difficult but with careful planning it can be achieved. Social media and

The Importance Of Technology

Technology is increasingly becoming more and more important to SME’s. Whether it’s managing sales and stock, helping communicate with clients and co-workers or new machines improving a business’ efficiency, there are lots of ways technology can help a business improve their productivity. But these new technologies are not without their downsides. Clear communication between employees is vital for any business and new technologies do give us opportunities to see and speak to people all around the world instantaneously. The proliferation of this sort of technology means its now available to small businesses at a very minimal cost, making it easier for them to work with people and customers

Country Of Origin Labelling

The rules for Country of Origin labelling are changing, and businesses face a challenge in ensuring their labels are both accurate and honest when it comes to their country of origin. Business will now need to show what percentage of a product is from Australia and whether a product has been grown, packed or produced in Australia. We have identified the six biggest issues that business owners need to be aware of when labelling their products. Evidence Businesses will need to provide evidence and data that shows where they source ingredients and where the product is packed. If you cannot prove that an ingredient is from Australia then you will need to declare it as being an international ingr

The Long Game

Running a business is one of the toughest jobs in the world, almost everyday owners are faced with making decisions that could end up making or breaking their business. One of the hardest decisions an entrepreneur is when you start to make a profit, how much should be re-invested into the business and how much to pay themselves. A lot of the time it can come down to the business owner’s individual goals, however some of the most successful entrepreneurs focus on the long-term goal and continually re-invest large parts of the profits back into the business for growth and take a minimal wage. Every business needs revenue to stay afloat, and to do this they need sales and paying customers. Succ

Business Technology in 2018

Modern technology evolves and changes much faster than most people can keep up with, but business owners should be keeping an eye out for technology that can make their business more productive. Cloud technology Most businesses have incorporated some sort of cloud-based technology into their day-to-day operations, but expect to see more jump on board in 2018. Google Drive and Dropbox are two of the most common cloud based file hosting services that businesses use, and their ease of use and convenience cannot be underestimated. Real Time Payment One of the more exciting developments in banking is the prospect of payments being instant. No more waiting one or two working days for a payment

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