The Copilot crossroads: what businesses need to know
Businesses considering Copilot for potential productivity gains should factor that cost is a significant challenge.
Cash flow management tips for small businesses
Key points Know your cash flow position to avoid financial surprises and maintain control. Use forecasting tools and regularly review your cash inflows and outflows. Build a cash reserve and manage receivables proactively to stay resilient. The most successful small businesses know their cash flow position and cycles while those that don’t often run into […]
Why business remains optimistic despite economic headwinds
Consumer sentiment remains in the doldrums, yet the latest feedback from the mid-market business community is that they remain broadly optimistic for the future. Newly updated ANZ-Roy Morgan consumer sentiment data shows 53% of respondents say their family is worse off now than they were 12 months ago, while just 8% are anticipating ‘good times’ […]
Better budgeting for rising costs and inflation
Key points Monthly or quarterly budgeting helps manage inflation and reduce costs. Inflation squeezes cash flow and raises loan repayments, hurting profitability. Budgeting supports both cost control and revenue growth for business resilience. Businesses are battling rising costs and inflation. With inflation reaching a high of more than 8% last year and taking time to […]
Scope 3 emissions: Building a resilient supply chain doesn’t happen overnight
The August profit reporting season was fruitful for Coles Group, which recorded a surge in revenue to post an annual profit to $1.1 billion, a 4.8% rise from the previous year. But the supermarket and retail giant also made another statement in August that was much less reported – its Scope 3 emissions supplier engagement target. It was a significant move by Coles, who stated they intend to set sustainability targets with at least 75 per cent of its suppliers over the next four years.
Rental crisis demanding a radical rethink
Planning reform, a tax shakeup and incentives for developers are needed to revive apartment development and ease Victoria’s rental crisis, according to property experts at Pitcher Partners. Severe shortages of apartments in Victoria are heaping pressure on affordability, with rental values rising 17.7 per cent year on year to reach $526 per week, according to […]
Strategies for building customer loyalty in the retail industry
Brand loyalty is necessary when looking to drive purchases in an unstable retail economy. Loyalty requires value alignment and a multi-channel approach to connect with customers. Careful channel customisation, tailored to engage a targeted demographic is key to ongoing engagement
Build to Rent developments: A solution to supply and cost challenges
Build to Rent (BTR) is an established sector in the USA (estimated at 12% of residential housing) and has over the last decade blossomed in the UK (currently estimated at 5% of residential housing).
Managing redundancy: tactful transition and softening the blow
Redundancies are at an all time low, but hiring intentions are forecast to change. It’s important for HR manager to anticipate and manage emotions of staff tactfully. Providing clarity quickly is critical and allows for smooth transitions into new roles
How to create a strong Employee Value Proposition
Creating a strong Employee Value Proposition (EVP) should be a core focus for business leaders and owners. People aren’t as interested in climbing a ’career ladder’, instead opting to move around a ‘career lattice’ that offers a wide breadth of experiences. Building a strong EVP will start with understanding and listening to your people.