News


Building company Austruc collapses
James Thomson The beleaguered NSW building industry has lost another company, with the collapse of construction and development company Austruc Constructions, with debts of $35 million.

International colleges at risk of collapse due to immigration changes, experts warn
Patrick Stafford A number of private colleges are at risk due to immigration policy changes, which will see Australia’s list of “in demand” occupations for immigrants scrapped and reviewed.

Poaching warning as British law firm leads a mass poaching raid on Australian rival Clayton Utz
Patrick Stafford British law firm Allen & Overy sends shockwaves through the local legal fraternity by reportedly poaching 14 partners from Clayton Utz, as the UK giant prepares to open its local Australian office.

Bullying suicide case a warning to small businesses
Patrick Stafford Businesses must be aware of workplace bullying and introduce principles to minimise harmful workplace activities, or run the risk of massive fines.

The 10 strategy secrets of JB Hi-Fi chief Richard Uechtritz – here’s what you can learn
James Thomson Outgoing JB Hi-Fi chief executive Richard Uechtritz has rightly won plaudits as one of Australia’s great retailers. Here are some of his secrets.

Direct Factory Outlets hunts for investor or buyer
James Thomson DFO, the retail chain founded by Rich 200 members David Goldberger and David Weiland, is looking for a buyer or investor as the company seeks to capitalise on the success of its bargain-loving format.

Coalition considers introducing six months of parental leave
Patrick Stafford Six months’ paid parental leave scheme approved by Opposition leader Tony Abbott.

David Jones upgrades profit guidance, Shares lower on debt fears: Economy Roundup
Patrick Stafford The Australian sharemarket opens lower today due to mixed leads from both Wall Street and the European stock market.

Europe must act to stop debt contamination spreading across the world: Maley
Karen Maley The CEO of the world's biggest bond fund manager has told a Sydney audience why it is in the interests of all Europeans to solve Greece’s financial problems – unless they act, market contagion will be rapid. 

Trends & Ideas


Conroy not to push file-sharing legislation
Communications minister Stephen Conroy has said he will prefer to encourage the internet and entertainment industries to work together, rather than seek legislation to catch out file sharers. Read More

Democrats propose internet overhaul
The Australian Democrats are attempting to push through plans for a new legislative framework for the internet and technology industries. Read More

Pipe shareholders to vote on TPG offer
Pipe Networks has now scheduled a shareholder meeting for March 12, during which the company's shareholders will vote on whether to accept a $373 million takeover offer from TPG....Read More

Keeping your talent

Watch out - employees who stayed put due to job security fears in 2009, are now feeling confident enough to make a career move. BY PATRICK STAFFORD

DIY super performance check-up

DIY fund trustees should begin 2010 by giving their funds a full performance check-up. BY MICHAEL LAURENCE

Back on the rich list

As the economy recovers, previously beleaguered entrepreneurs are back on the rich list and living the champagne life once more. BY JAMES THOMSON

A decade in review

Over the last 10 years the property market has recorded an annualised rate of growth just below 10% each year however, the results vary between each city. BY TIM LAWLESS

How I...

David Salter left a stable job at a law firm and jumped head-first into entrepreneurship when he started his document translation business, Linguistico. BY PATRICK STAFFORD

Where's the growth?

Where is growth coming from in your industry? Wherever it is, you need to be part of it. BY TOM MCKASKILL

http://www.smartcompany.com.au/managing-people/20100209-keeping-your-talent.html http://www.smartcompany.com.au/superannuation/2010209-diy-super-performance-check-up.html http://www.smartcompany.com.au/wealth/20100208-back-on-the-rich-list.html http://www.smartcompany.com.au/property/2010208-the-australian-property-market-s-last-decade-in-review.html http://www.smartcompany.com.au/entrepreneurs/20100205-how-i-turned-lawyer-to-entrepreneur.html http://www.smartcompany.com.au/sales/20100205-where-s-the-growth.html

The Business Bitch


Aunty B

My success is causing me to lie to my husband
Aunty B Time to 'fess up. Tell him how much money you are making and ask him to meet with you and a financial adviser to talk about how you can invest it for the future.

Ask the Experts


People problems

Do negative behaviours drive you crazy?
Eve Ash Unfortunately, you can't always get the other person to change. Sometimes the only thing you can change is yourself, and your own reaction.

Franchise tips and trends

How to be a successful franchisor – by sacking yourself
Jason Gehrke If you're thinking about franchising your business, be prepared to make yourself redundant.

Smart Blogs


The Intelligent Adviser

Our investment property no-go zone
Nick Christian Many are of the misguided and mistaken belief (especially those in their 20s and 30s) that property just does not fall in value – sorry folks!

Brand Matters

Vision for dummies and Toyota land
Michel Hogan After a recent discussion I am thinking maybe we need to get back to basics on what the role of vision, mission and purpose are. And what’s going on in Toyota land (and brand)?
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Entrepreneur Zone


David Salter
News imageDavid Salter left a stable job at a law firm and jumped head-first into entrepreneurship when he started his business, Linguistico.

Rod Drury
News imageRod Drury, founder and chief executive of SME accounting software provider Xero talks about how he's harnessing the power of social media.

Adrian Morrissy
News imageWokinabox founder Adrian Morrissy, explains why franchisees must be willing to work in their business.

Advertising and Marketing


Europe must act to stop debt contamination spreading across the world: Maley
The CEO of the world's biggest bond fund manager has told a Sydney audience why it is in the interests of all Europeans to solve Greece’s financial problems – unless...Read More

Apple denies developers location-based ads
Tech giant Apple has told iPhone app developers they cannot create apps which use location-based advertisements. Read More

THE LIGHTER SIDE: The art of ad copy
If you've ever struggled to write beautiful ad copy, then perhaps this clip from the very funny ABC show 'Very Small Business' will provide some inspiration.Read More

LinkedIn for 2010
There are so many different social media community portals on the web that it can be a challenge to keep them all up-to-date.Read More

Astronauts update Twitter from the International Space Station
A new software upgrade from NASA has allowed astronauts to update their Twitter feeds while in service.Read More

Buy or Sell a Business


Is Amazon moving into touchscreen territory?
Online retail giant Amazon is reportedly looking into touchscreens for an update to its Kindle eReader device. Read More

Toll road operator Connector Motorways collapses with debts of $1.16 billion
Connector Motorways has collapsed into administration with $1.16 billion in debt after the expiry of a fourth stay of execution from financial backer MBIA Insurance.Read More

Joint venture rescue hope for collapsed clothing label Ksubi
Fashion chain Ksubi could be rescued from administration due to a proposed joint venture between the company’s shareholders and major manufacturing partner Bleach.Read More

Kraft buys Cadbury in $21 billion deal, ending weeks of speculation
Kraft reportedly amended its original deal in order to earn the approval of both Cadbury and billionaire Warren Buffet, who is Kraft’s biggest shareholder. Read More

Collapsed retail chain BabyCo to be revived
A former BabyCo supplier has purchased the collapsed retail chain for an undisclosed amount and plans to expand the business over the next six months.Read More

Business Start-Up


The top 10 start-up vows
News imageFor every entrepreneur starting out, it's imperative to have start-up 'vows'. And for those with already established businesses, it never hurts to renew them.Read More

Start up secrets
News imageMeet the winners of the inaugural SmartCompany Crown Lager Business Start Up Awards.Read More

SmartCompany Crown Lager Business Start Up Awards winners revealed
The SmartCompany Crown Lager Business Start Up Awards were held at Melbourne's Crown Casino Wednesday night, with Point Project Management taking out the top award.Read More

If I knew then what I know now
News imageWith time and experience comes wisdom. SmartCompany's team of entrepreneurs and experts share their best start up tips, which will hold you in good stead as you embark on your...Read More

Tap into university research programs
News imageTurning to specialists in research and educational institutions could give your business a competitive advantage.Read More

Cashflow


Payment terms stretch again as SMEs fight continuing cashflow squeeze
New data from Dun & Bradstreet shows payment terms stretched by 2.1 days to 53.9 days, all but wiping out the fall in payment terms seen in the December quarter....Read More

Government pays 96.5% of SME invoices within 30 days
The Government’s move to pay 96.5% of its invoices from small businesses within 30 days during the last financial year, has been praised by industry experts as a major benefit...Read More

SMEs warned post-Christmas cashflow crisis will result in a spike in collapses
Following the Christmas period, cashflow is notoriously tight through most of January and into early February. Here’s how to get the cash flowing again.Read More

Banks tipped to hit businesses even harder as bad debts soar
Expert warns a record spike in the level of bad debts held by Australia’s banks means their harsh treatment of business customers is far from over.Read More

Tammy May
News imageAustralia's love of debt has created a big business opportunity for MyBudget chief executive Tammy May. Read More

Export


Doing business with China
To do business well in China you need to embrace the concept of 'guanxi' – the art of building a business relationship. Read More

Can a company who imports products in turn export those products to the UK?
Before entering into sub-distribution arrangements with other distributors in other territories, a number of things should be established.Read More

Business without borders
Just a slight conceptual tweak can make the idea of doing business overseas much easier to digest.Read More

Successful exporting doesn't necessarily mean that you have to do business across borders
Global export opportunities could be closer than you think - just take a look in your own backyard.Read More

How can I protect my designs?
You are all probably aware of the need for trademark registration for your name, logo and even slogan, but not many people know that they can protect the shape of...Read More

Franchising


Adrian Morrissy
News imageWokinabox founder Adrian Morrissy, explains why franchisees must be willing to work in their business.Read More

Expert panel holds hearings to consider stronger unconscionable conduct law for franchising
The FCA and franchising industry figures hold discussions with the Government over whether unconscionable conduct laws for the franchising sector need to be strengthened. Read More

Allied Brands secures $4.9 million in US funding to expand franchise division
Allied Brands will push ahead with the expansion of its franchise services division after equity injection.Read More

Retail Food Group continues run of acquisitions
RFG continues its mini-spree of acquisitions, announcing it has reacquired Brumby Bakeries master franchises for WA and the Northern Territory for an undisclosed price. Read More

American brands at risk of failure, franchise expert warns
An industry experts warns US franchises are at risk of failure if they enter the Australian market and refuse to acknowledge consumer or cultural differences.Read More

Property


Building company Austruc collapses
The beleaguered NSW building industry has lost another company, with the collapse of construction and development company Austruc Constructions, with debts of $35 million.Read More

Investors, upgraders take over from first home buyers as auctions start strongly
The housing sector still going strong despite the first home owners grant phasing out on December 31, with clearance rates and volumes similar or higher than last year’s results.Read More

A decade in review
News imageOver the last 10 years the Australian property market has recorded an annualised rate of growth just below 10% each year however, the results vary greatly between each city.Read More

Where is Australia's housing market REALLY heading?
News imageAustralia's housing market has always been one of the most talked-about sectors of the economy, but the recent surge in property prices – against the backdrop of the subprime crisis...Read More

The best performing investments of the last decade
Property has created more millionaires in Australia than any other form of investment.Read More

Retail


Direct Factory Outlets hunts for investor or buyer
DFO, the retail chain founded by Rich 200 members David Goldberger and David Weiland, is looking for a buyer or investor as the company seeks to capitalise on the success...Read More

The 10 strategy secrets of JB Hi-Fi chief Richard Uechtritz – here’s what you can learn
Outgoing JB Hi-Fi chief executive Richard Uechtritz has rightly won plaudits as one of Australia’s great retailers. Here are some of his secrets.Read More

Retailers feel the pinch as sales slow
Retailers lay off workers and discount heavily to help defend themselves against lower-than-expected sales figures for the Christmas period.Read More

Supermarket loyalty programs slammed, but expert says transparent loyalty schemes can work
New research reveals supermarkets are gaining millions from loyalty programs, with only a few customers making enough to cash in for a reward. Read More

NAB’s private equity arm invests in Queensland retail group WOW Sight & Sound
Queensland retailer WOW Sight & Sound has received a “substantial” from NAB’s Integrated Capital Solutions.Read More

Sales


How do I deal with client objections?
Utilising your best communication skills, such as focused questioning, active listening and creative problem solving are keys to eliminating objections.Read More

Where's the growth?
News imageWhere is growth coming from in your industry? Wherever it is, you need to be part of it.Read More

Are you ‘equal to’ or ‘greater than’?
Selling is a grind when you are doing the same thing as your competitors. You must fight to stand out.Read More

Lead the way
Sadly, too many businesses still consider customers the sole responsibility of sales and marketing. This is just asking for trouble.Read More

Tracking the trends
News imageMonitor the trends in your industry to uncover valuable business opportunities.Read More

Tax


Game developers to receive R&D tax concessions
Video game developers may receive tax concessions under new proposals being considered by the Federal Government for research and development.Read More

Insolvencies to rise if ATO embarks on penalty notices push
Experts warn the number of businesses being put into administration could increase if the Government ramps up its distribution of director penalty notices.Read More

SMEs could be hit with extra tax on vehicles bought through 50% investment allowance
A government crackdown could see businesses being charged extra tax on vehicles bought under the 50% investment allowance scheme.Read More

What the new Paid Parental Leave scheme means
News imageWith the introduction of the Government's Paid Parental Leave scheme in May, SMEs need to be aware of the tax implications.Read More

Superannuation


DIY super performance check-up
News imageDIY fund trustees should begin 2010 by giving their funds a full performance check-up.Read More

ATO warning on exceeding super contributions limits
News imageSuper fund members need to be very careful when making extra contribtions - exceed the annual contribution caps and you'll face big penalties.Read More

Super fund surge continues
The remarkable turnaround for Australian super fund investors continued in December 2009, with new data from SuperRatings showing the average balanced super fund returned 2.1% in the month.Read More

Superannuation review proposes simpler system for default super funds
The first report from the Super System Review has recommended developing a new class of basic super funds for fund members who don’t want to choose the type of fund...Read More

Separating the “cares” from the “don’t cares” in superannuation: Kohler
The Super System Review proposes, in effect, to divide super schemes into 'care' and 'don't care' products. Given how many people don't care, this looks like a good idea. Read More

Sales and Marketing


Direct Factory Outlets hunts for investor or buyer
DFO, the retail chain founded by Rich 200 members David Goldberger and David Weiland, is looking for a buyer or investor as the company seeks to capitalise on the success...Read More

The 10 strategy secrets of JB Hi-Fi chief Richard Uechtritz – here’s what you can learn
Outgoing JB Hi-Fi chief executive Richard Uechtritz has rightly won plaudits as one of Australia’s great retailers. Here are some of his secrets.Read More

Retailers feel the pinch as sales slow
Retailers lay off workers and discount heavily to help defend themselves against lower-than-expected sales figures for the Christmas period.Read More

Supermarket loyalty programs slammed, but expert says transparent loyalty schemes can work
New research reveals supermarkets are gaining millions from loyalty programs, with only a few customers making enough to cash in for a reward. Read More

NAB’s private equity arm invests in Queensland retail group WOW Sight & Sound
Queensland retailer WOW Sight & Sound has received a “substantial” from NAB’s Integrated Capital Solutions.Read More

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