Economic update for small businesses: a more stable outlook ahead As a small business owner, being informed about the economic landscape is crucial for making sound strategic decisions and being able to adapt to changing conditions. Here's a snapshot of the current economic climate and what it might mean for your small business. Economy is [...]

Combat Staff Attrition with These Simple Strategies Staff attrition continues to be an issue for businesses. Across Australia, staff turnover averages 15% a year, or about one in six employees, according to the Australian Human Resources Institute’s (AHRI) Quarterly Australian Work Outlook Report. High turnover disrupts daily operations, drains resources, and affects team morale. As [...]

The Impact of Global Risk on Your Business Strategy Impact on Your Business Strategy These shifts can throw a spanner to the works in markets, supply chains, and even customer demand. This article will help you, as a business owner, get a bigger picture and understand the impacts of geopolitical risk. Much is out of [...]

Avoid Fines: Ensure Your SME Reports Hacker Payments The Federal Government has put its planned ban on ransom payments to hackers in the ‘too-hard basket’. But what they’re doing instead should make even your small-to-medium-sized business take notice. New proposed legislation could affect businesses across Australia, especially those with a $3M-plus annual turnover if the [...]

Compliance Breaches Found in Half of Builder Audits Recent audits by the NSW Government are a worry for the building industry. Nearly half of the building and renovation companies audited were found to be operating without the required insurance coverage. We’re talking about home warranty insurance. This crackdown is part of the government’s broader effort [...]

A huge number of the more than 2.5 million businesses operating in Australia start life at home. One statistic indicates more than half (51 per cent) of small businesses are born at home. Running a business from home can give you a huge amount of freedom. It can be a great way to balance work and family life. It [...]

More than half (53.3%) of all Australian small businesses expect to grow in 2024, according to research released by accounting body CPA Australia. This is great news for the many dynamic entrepreneurs running these exciting ventures. As your business grows and evolves, so could your insurance needs. Expanding your business, whether by increasing the scope of [...]

Franchising is a popular business model and is often a way for people to start out running their own business because it provides so much support and guidance. There are also franchise models in virtually every industry, from the popular fast food chains like McDonalds and Pizza Hut to Snap on Tools and 7 Eleven. As [...]

You may be paying for insurance, but if you’re underinsured, you could be taking a big risk. In the case of a disaster, you might have to pay the balance between the amount insured and the actual costs. For example, if the cost of replacing your building and contents is $4 million but they are [...]

It’s a season of new growth and revitalisation, which is why spring is the perfect time to make sure your insurance cover is fit-for-purpose for your business. Regularly reviewing your insurance coverage is crucial to help ensure that it’s appropriate as your business evolves. Here’s a guide that can help you effectively spring clean your [...]