A majority of small businesses in Australia are run by their owners and have no employees. If you’re one of these business owners, you probably wear many hats. But as your business grows, you will start thinking about when to hire employees and what roles are most important. To answer these questions we consider the key roles in a small business.
The pandemic threw many of us into remote working, but now that workspaces have been opening up, 'hybrid work' – working partly from the office and partly remote – has become more common. While we’ve become more familiar with the pros and cons of working remotely, hybrid work has its own challenges. Here we consider the pros and cons of hybrid work and how to make it work.
What is a growth mindset and how does it impact SMEs? This concept has become popular in recent years among owners and managers wanting to grow and develop their businesses. Here we’ll provide a growth mindset definition and explain how you can develop the basic qualities to develop a growth-minded organisation.
Recently, the Victoria Police enterprise agreement included a ‘right to disconnect’ from work. But even though this might sound like a new term, the right to disconnect has been a topic of discussion for a few years. In 2017, French legislation was passed that required companies to regulate the use of digital devices after hours to respect private lives. Here we consider this issue and how it applies to SME owners and employees.
Business life cycle stages are a way to analyse how a business changes over time. Understanding where your business sits in the growth stages can help you clarify your thinking and take steps to move through the business lifecycle. Here we describe the stages of a business and how to help you move through them.
Walking meetings have gained popularity in recent years. Nilofer Merchant’s TEDTalk brought the topic to the forefront when she explained the benefits of walking in a world where we sit for an average of 9.3 hours per day. Steve Jobs was also a fan of these types of meetings. Let’s consider the benefits of walking meetings and how you can make them an effective alternative to traditional meetings.
Casual employment has been a contentious issue as the definition of casual employment was not clear in the past. In March 2021, the Australian Senate passed a reduced version of the Fair Work Amendment (Supporting Australia’s Jobs and Economic Recovery) Bill, also called the Industrial Relations Omnibus Bill. While most of the intended legislation was dropped, the portion of the bill addressing casual employment passed. Here we provide a brief overview of the changes and what these could mean for SMEs.
Comprehensive credit reporting (CCR) has been in the works in Australia for several years. An amended law which sets the date for mandatory reporting was delayed due to the COVID-19 pandemic and was finally passed in early February 2021. It requires that large lenders expand credit reporting by 1 July 2021. What is comprehensive credit reporting and what does it mean for SMEs seeking finance? Let’s take a closer look.