Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from Australia and New Zealand:
- SME’s unprepared for business risk: New research suggests small and medium-sized businesses often disappoint customers because they lack business continuity planning.
- 10 secrets of successful B2B selling: Dealing with other businesses requires a different approach to the consumer market. It’s not an easy transition, but MIKE PRESTON has divined the secrets to success from Australia’s experts.
- Rate cut boosts consumer confidence: THE first interest rate cut in seven years has made consumers feel more upbeat, a survey shows.
- Retail sales, housing loan figures give mixed signals: The strongest monthly retail sales jump in more than a year shows Australian consumers haven’t quite given up spending even as the economy slows down, economists say. But a separate monthly fall in housing finance commitments to a four-year indicates there are pockets of weakness in the economy, supporting the case for further interest rate cuts.
- Tax breaks may boost innovation: The buzzword of every modern economy – innovation – can tackle climate change and slumps in productivity, Innovation Minister Kim Carr says.Launching a review of Australia’s innovation system, Mr Carr said a new approach to research and development was needed.
- Shining a light on fuel tax credits: MANY small businesses may be unaware of broader eligibility rules to reduce their fuel costs, the Australian tax office says.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.