The latest news and advice for business owners
In recent decades, the Australian economy has become more linked to the world economy. This globalisation more closely links Australia’s domestic markets and level of economic activity with those around the world.
Starting a small business is a bit of a gamble entailing a number of risks, from start-up and execution to maintenance. The question is; do SMEs really know what it takes to mitigate business risks which can affect operations, increase expenses and reduce profit?
In order to ensure smooth operations and continuous growth, companies should prioritise the task of effectively managing their employees to fi ll key leadership positions.
Given the difficulties of the current economic cycle, the thought of acquiring another business is probably not on your radar. However, acquisitions can be, and have long been, an excellent way to quickly increase revenues, expand products or service offerings, improve market reach and increase the value of your business.