How is frugal spending affecting businesses?

May 18, 2012

By The Editor

Australia has largely escaped the worst of the global financial crisis, which still threatens to cause havoc in Europe, while America still deals with issues too.

However, a new worldwide report reveals that Australian consumers are more likely than Americans or Europeans to be frugal and have insecurities about the economy. So what effect is that caution having on business?

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Salesman’s sacking for stealing colleagues’ calls upheld

May 17, 2012

By The Editor

A small business’s dismissal of a member of its sales team has been upheld by a Fair Work Australia Commissioner, because he had lost the trust of his manager and colleagues by contacting the customers of other employees without their knowledge.

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Snapshot of young graduates reveals work expectations

May 15, 2012

By The Editor

A survey of young American college graduates has produced some revealing insights about what their expectations of their own career paths and their future employers, and the results bear noticing for Australian business owners.

In summary, the next generation of workers as a whole appear to have higher expectations, compete more with their peers, have less staying power and are more prepared to leave a job that’s personally unfulfilling.

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Business tips: getting to know your customers

May 14, 2012

By The Editor

The business world has gone through some amazing changes over the past few decades, but one of the keys to business success remains ever-present – knowing what your customers want and need. So, what are the best ways of finding out what customers want from your business?

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Modern retail award appeal dismissed – varied shifts for students allowed

May 14, 2012

By The Editor

The Federal Court has dismissed a union appeal against a variation of the modern retail award that will allow school students to work shifts of less than three hours, opening up part-time employment opportunities, especially after school hours.

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What’s in a name? The hard task of naming your business

May 10, 2012

By The Editor

For entrepreneurs setting up a new small business, there are many tasks to manage and complete, and one of the hardest can be deciding on a suitable name for your enterprise, as a name can be crucial to its success.

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Federal Budget Asian focus will drive international tourism investment

May 9, 2012

By Dianne Smith

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Victoria’s peak tourism body, the Victoria Tourism Industry Council (VTIC), along with the Victoria Events Industry Council (VEIC), have welcomed the Federal Budget announcement of an Asian Marketing Fund which will drive international investment in Victoria.

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Federal Budget targets surplus but does little else to ease business cost pressures

May 9, 2012

By Mark Stone

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The forecast $1.5 billion surplus announced in the Federal Budget is welcome, but beyond the announced loss carry-back scheme and funding for the instant asset write-off for small business, there are few measures that will materially reduce business costs, boost employment prospects and tackle structural challenges facing the economy.

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Business tips: how to encourage employee loyalty

May 8, 2012

By The Editor

A productive employee is normally a happy employee, and someone who is willing to make the extra effort because of the loyalty they feel to their employer and/or manager. However a recent survey shows about four in every 10 employees would like to leave their job: so, how do you engender and encourage feelings of loyalty among your employees?

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What businesses require from the Federal Budget

May 7, 2012

By The Editor

The attentions of Victorian business owners this week switch to Canberra ahead of the delivery of the Federal Budget, where significant savings are expected to be announced in order to achieve the budget’s promised return to surplus.

From a business perspective, the surplus will be pleasing, but only if the reduction in spending doesn’t weaken the economy or increase the cost of doing business.

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