Business New Updates Archives - Small Business Australia https://smallbusinessaustralia.org/category/business-new-updates/ Building a better small business sector that benefits all Thu, 28 Mar 2024 03:46:45 +0000 en-AU hourly 1 March 2024 Updates https://smallbusinessaustralia.org/march-2024-updates/?utm_source=rss&utm_medium=rss&utm_campaign=march-2024-updates Thu, 28 Mar 2024 03:40:26 +0000 https://smallbusinessaustralia.org/?p=19957 Items included in this business update: 7 Effective Strategies for Retaining Customers How small businesses can grow and save on costs with AI Are you really concerned about AI Mastering Financial Organisation for Small Business Success Events Newsletter sign up Sign up and receive the latest small business news, [...]

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7 Effective Strategies for Retaining Customers:
A Guide to Driving Repeat Business

Customer retention is crucial for business success. Explore seven proven strategies to enhance retention and build strong relationships. Learn how to provide exceptional service, nurture personalised relationships, implement loyalty programs, gather feedback, personalise marketing, offer educational content, and build engaged communities for sustained growth.

How small businesses can grow and save on costs with AI

Embrace the transformative power of Artificial Intelligence (AI) in Australian small businesses. Explore practical applications to enhance efficiency, personalize customer experiences, make informed decisions with predictive analytics, and improve risk management. Overcome challenges like technical knowledge, cost, and data quality for successful AI adoption.

Are you really concerned about AI or do you just not know enough about it to say yes or no?

A recent survey reveals Australians’ growing concerns about AI risks, urging stronger government action. Business Advantage’s Get the Edge Program offers crucial insights to navigate challenges and harness AI’s potential, aligning with public expectations for informed governance.

Mastering Financial Organisation for Small Business Success

Discover the importance of organizing finances for small businesses in achieving long-term success. Explore insights from Reckon’s article and learn about the transformative benefits of the Get The Edge Program from businessadvantage.online, empowering businesses with essential financial management skills.

Current Events

The following events are a curated list from reliable sources. This information is supplied from our global Events page and will therefore hold dates beyond the date of when this page was originally published.

Title Type Date Description  
Mentoring for Growth Program Business Queensland Coaching
(QLD)
Various dates Mentoring for Growth (M4G) is a mentoring program which helps you to engage with experienced business mentors through a free mentoring session. Our experienced mentors volunteer their time to help business owners and build stronger small businesses across Queensland.
COSBOA National Small Business Summit Conference
(Sydney)
3 April
4 April
Australia’s must-attend event for anyone representing small business.
NAB Personal Cyber Security Webinars Webinar 11 April
16 May
11 July
In just 60 minutes our security specialist will cover what’s happening in the security threat landscape, how criminals are targeting you and your family, and provide some practical advice on how to stay safe.
Australia: The Road Ahead Conference Conference 17 April In a time of unparalleled wealth we are more divided than ever before. Join us to find out whether it is too late to save the Western World.
Business Mastery 2.0: How to Make Business Easy In-person event
(St Kilda, VIC)
18 April Australia’s Number 1 event for Mums in Business
Our popular Business Mastery is now accessible online and in person. Our world class training is leading the way for ambitious Mums in business who want to scale their business to a national level without compromising family time
CommBank SmallBiz Week Exhibition 28-30 May CommBank SmallBiz Week is the only event of its kind on the business calendar. Whether you’re looking to grow your business, network with peers or learn from thought leaders in the industry, this expo brings together B2B suppliers from a diverse range of industries and connects them with small business owners and leaders.
Carbon Reporting Webinar 11 June SW Accountants and Advisors
(Session 2 of 3)

Sustainability Reporting webinar series. Three sessions, providing you with topical content of particular relevance as well as an update on what’s new in sustainability reporting.

Sustainability Reporting Standards Webinar 23 October SW Accountants and Advisors
(Session 3 of 3)

Sustainability Reporting webinar series. Three sessions, providing you with topical content of particular relevance as well as an update on what’s new in sustainability reporting.

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February updates https://smallbusinessaustralia.org/february-2024-updates/?utm_source=rss&utm_medium=rss&utm_campaign=february-2024-updates Tue, 27 Feb 2024 02:38:44 +0000 https://smallbusinessaustralia.org/?p=19880 Items included in this business update: The Urgent Need for Small Businesses to Prioritise Cyber Security Cyber and IT Security Health Check Buying a house? Selling a house? Protect yourself online Innovation drives growth for a Melbourne Jeweller Making sure your small business is legally compliant Offer from Reckon Legislative developments affecting small businesses [...]

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The Urgent Need for Small Businesses to Prioritise Cyber Security

Discover the alarming cyber security habits among Australian small businesses and the top 5 vulnerabilities they face. Learn how Small Business Australia is addressing this urgent issue with solutions and expert advice.

Cyber and IT Security Health Check

Don’t wait until it’s too late. Take proactive measures to safeguard your business and protect against cyber threats. Secure your business today and ensure that you are well-prepared to face the challenges of the digital landscape.

Protect yourself online when buying or selling a house

In light of recent publicity surrounding scams that are targeting settlement processes when purchasing a house or a property it is timely to revisit some tips provided by PEXA that are still relevant today about how to ensure you are protected from scammers.

Innovation drives growth for a Melbourne Jeweller

Read about how a local Melbourne jewellery business says that “Innovation” has been the key to their ability to grow and scale the business from its online beginnings in 2017. By embracing innovation, Cullen Jewellery has experienced an impressive 300% revenue growth year-on-year.

Making sure your small business is legally compliant

Reckon has produced a really informative article explaining the vital regulations around registrations, Fair Trading, employment laws, intellectual property, and marketing and advertising. The post serves as an informative guide for small business owners who want to ensure their company is legally compliant, avoid potential legal issues or penalties, and protect themselves, employees, and consumers.

Get 50% off for 3 months of Reckon One!

From as little as $12 a month ($6 with our special offer), you can manage your finances, send invoices, pay suppliers and an unlimited number of employees as well as many other features that make tax time, BAS and Single Touch Payroll reporting a breeze. Plus, manage your business on the go with the Reckon Payroll and Invoices app, giving you the freedom and flexibility you need as a small business owner.

Discover the power of Reckon accounting software and revolutionize your small business finances.

Start a free 30-day trial today and get 50% off for 3 months of Reckon One!

*T&Cs: Offer only available to new Reckon customers. Your subscription amount is 50% off for the first 3 months. The offer applies to the first Reckon One book only.

Legislative developments affecting small businesses

The Australian government’s proposed legislation to create a designated small-business complaints mechanism has been warmly welcomed by small-business advocates.

Harnessing Artificial Intelligence

The article shows how small business owners can harness Artificial Intelligence (AI) to level the marketing playing field.

Want more insights into how to prepare best and utilise AI, then look to the Get The Edge Program available on the Business Advantage website, where a recent speaker at the Small Business Australia Conference held in late 2023 spoke about the rise of AI and how to best prepare for its increasing use and the benefits of AI for small businesses.

Communicating with your customers

The Business.gov.au website has a great resource that offers insights on effectively communicating with customers to enhance customer relationships. Key points include active listening, using analogies, establishing customer service standards, resolving disputes promptly, and choosing the best communication methods. The article emphasises building rapport and trust with customers to drive loyalty and advocacy for your business.

Current Events

The following events are a curated list from reliable sources. This information is supplied from our global Events page and will therefore hold dates beyond the date of when this page was originally published.

Title Type Date Description  
Mentoring for Growth Program Business Queensland Coaching
(QLD)
Various dates Mentoring for Growth (M4G) is a mentoring program which helps you to engage with experienced business mentors through a free mentoring session. Our experienced mentors volunteer their time to help business owners and build stronger small businesses across Queensland.
COSBOA National Small Business Summit Conference
(Sydney)
3 April
4 April
Australia’s must-attend event for anyone representing small business.
NAB Personal Cyber Security Webinars Webinar 11 April
16 May
11 July
In just 60 minutes our security specialist will cover what’s happening in the security threat landscape, how criminals are targeting you and your family, and provide some practical advice on how to stay safe.
Australia: The Road Ahead Conference Conference 17 April In a time of unparalleled wealth we are more divided than ever before. Join us to find out whether it is too late to save the Western World.
Business Mastery 2.0: How to Make Business Easy In-person event
(St Kilda, VIC)
18 April Australia’s Number 1 event for Mums in Business
Our popular Business Mastery is now accessible online and in person. Our world class training is leading the way for ambitious Mums in business who want to scale their business to a national level without compromising family time
CommBank SmallBiz Week Exhibition 28-30 May CommBank SmallBiz Week is the only event of its kind on the business calendar. Whether you’re looking to grow your business, network with peers or learn from thought leaders in the industry, this expo brings together B2B suppliers from a diverse range of industries and connects them with small business owners and leaders.
Carbon Reporting Webinar 11 June SW Accountants and Advisors
(Session 2 of 3)

Sustainability Reporting webinar series. Three sessions, providing you with topical content of particular relevance as well as an update on what’s new in sustainability reporting.

Sustainability Reporting Standards Webinar 23 October SW Accountants and Advisors
(Session 3 of 3)

Sustainability Reporting webinar series. Three sessions, providing you with topical content of particular relevance as well as an update on what’s new in sustainability reporting.

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November Updates https://smallbusinessaustralia.org/november-2023-updates/?utm_source=rss&utm_medium=rss&utm_campaign=november-2023-updates Wed, 29 Nov 2023 20:42:53 +0000 https://smallbusinessaustralia.org/?p=19551 Items included in this business update: National Conference Wrap Unfair Contract Terms Laws Small Business Energy Incentive Cyber Security Alert Get the Edge on your competition Australian Property Market Looking after yourself and others ATO Upcoming Webinar State/territory updates National [...]

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National Conference Wrap

Small Business Australia unveiled the Get The Edge program at the inaugural conference held in October over two information-packed days.

This program was designed and developed by industry leaders and contains the latest research, trends, innovations, tips, and information on how to get and keep the edge on your competition.

The Get The Edge program is now available on our premium membership platform, Business Advantage. Your six-month access for $195 contains over 10 hours of on-demand videos, resources, tools and up to $5,000 savings on business expenses. Conference ticket holders and Business Advantage members can access the Get The Edge program for free.

Business Advantage Members
As a premium member you can access the entire Get The Edge resource collection including over 10 hours of on-demand videos, tools, resources and over $5,000 of savings on business expenses. Click here to log in to get the edge and keep the edge on your competition today.

The conference was a great success due to the involvement of our partners and sponsors. We want to thank our principal partner, NAB, as well as our other partner organisations including Telstra, PEXA, Microsoft, Australia Post, Thryv, Virgin Australia, HR Central, Sprint Law, Torfx, Reckon, Novatti, MYOB, Australian Marketing Lists, Grant Help, The Australia China Business Council, Melbourne Business Network, TTS, The Small Business Association of Australia, The Institute of Certified Bookkeepers, Birchal and Mark Carter, our fabulous MC on Day 1.

Unfair Contract Terms Laws

Changes To Unfair Contract Terms Laws that will impact Small Business Taking Place In November 2023

Amendments to legislation commencing on 9th November 2023 will impact standard form contracts and small businesses. If you’re a small business, then keeping up with Australian Consumer Law (ACL) and the Australian Securities and Investments Commission (ASIC) is crucial in order to ensure compliance. Understanding what these changes are and how they will affect your business is essential, as their consequences result in heavy legal penalties that are set to be introduced soon.

Consumer law can be a lot to take in, plus there’s a lot of middle ground and room for interpretation. If you’re feeling unsure about something, acting now to ensure you’re complying with consumer laws can save you a major headache down the line.

Business Advantage Members
A great supporter of the Small Business Community, Sprintlaw, have a fantastic offer for BA members and all those that have purchased the Get the Edge program. Click here to log in and view their offer in the Get The Edge area.

Small Business Energy Incentive

Be prepared – Legislative changes currently before the House of Representatives are looking to provide energy relief for small businesses.

The small business energy incentive is the latest measure providing bonus tax deductions in order to nudge the investment behaviour of small and medium businesses, this time towards more efficient energy use and electrification. Fossil fuels are out, gas is out, electricity is the name of the game.

Cyber Security Alert

Since Google launched its own chatbot Bard, scammers are relying on the ignorance of the general public and the small business community to click on Ads for the AI tool.

Hackers in India and Vietnam have been tricking small business owners into clicking on ads that tell users to download Bard, but instead are downloading malware that compromised their social media accounts.

Doing something about the threats:

Mastercard have produced an informative series on YouTube – Mastercard Cyber Secure in 60 Seconds. The playlist includes 10 great tips to help protect your business.

Get the Edge on your competition

James Buzzard, Partner CTO and Technology Strategist at Microsoft, spoke recently at the Small Business Australia Conference about the benefits coming for all businesses as AI evolves and also, more importantly, about the need for all businesses and consumers to understand how to protect their business and its precious data as the use of AI increases.

Listen to the experts about:

  • How AI and the new generation of digital platforms and tools will reduce the time and hassle of doing tasks in your business that you hate
  • Discover how suppliers and supporters of small business can help you navigate the fast-changing business landscape through free training, advice and other business value-added services.
  • Learn what digital and social media channels are best for your industry and what is essential in making them work for your business.
  • Find product and service offers that give over $5,000 in savings in the following areas: Digital, IT and Website, Finance and Insurance, Human Resources, Marketing and Advertising, Training and Coaching, and much more.

Missed out on a ticket to our Get the Edge Conference? You can now purchase access and watch as James and other experts in their fields provide practical strategies, processes and tools that will give you the Edge on your competition.

Business Advantage Members
As a premium member you can access the entire Get The Edge resource collection including over 10 hours of on-demand videos, tools, resources and over $5,000 of savings on business expenses. Click here to log in to get the edge and keep the edge on your competition today.

Australian Property Market

PEXA Australia have just released their latest market research reports which make for some interesting reading about the current state of the Australian Property Market.

Property Insights Report

Premium market showing signs of recovery which shows that the property market stabilised during winter in preparation for spring uplift.

Mortgage Insights Report

Refinances continue to surge which shows that new lending dipped during winter, whilst refinances continued to surge.

Homebuyers need to save at least two years longer to raise a deposit

Australians wanting to buy a home now have to work at least two years longer to save for the deposit than they did in 2020, with soaring house prices, rising interest rates and tighter lending criteria imposed by banks putting housing even further out of reach.

Looking after yourself and others

As the end of the year approaches remember to take some time to look after yourself and most importantly remember that many others rely on you.

As the year winds to a close it seems like there is still so much more to do and, as usual, still so little time to do it in, This is often a stressful time of the year for all business owners and the need to maintain your mental health is vital so please take a couple of minutes to look at NewAccess for Small Business Owners.

Beyond Blue’s NewAccess for Small Business Owners (NASBO) is a guided self-help mental health coaching program. It’s free, confidential and convenient and is available nationally by phone or video call, no GP referral is required. Over 6 sessions, your mental health coach will work with you to manage stress and overwhelm using straightforward problem-solving approaches. All mental health coaches are specially trained and have a small business background so they understand your unique challenges.

ATO Upcoming Webinar

Cash flow for small business success
Dec 13 12:30 – 1:30pm

State/Territories

VIC

Virtual mentor sessions – ongoing until June 2024. Book a free online business advice session to help you start or grow your small business.

Social Media and Content Marketing Presented by the Australian Retail Association. Register your interest here.

Starting Your Small Business – Learn more and register for the online course here.

NSW

Service NSW Business Connect offers a range of events to attend from Including Marketing, Business Planning Social Media. Click here to learn more.

QLD

Mentoring for growth – This webinar provides business owners and managers with access to expertise from business experts on a variety of challenges and opportunities that you will face as a business. Register for the webinar here.

SA

Starting a business or reinvigorating an existing business workshop – Designed specifically for people seeking to start a new business or re-energize an existing business. Click here to book for free.

WA

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