Financing a business



Strong GDP figures hide mixed fortunes for different sectors

6:01PM | Thursday, 7 June 2012 | Michelle Hammond

Gross domestic product grew by a surprising 1.3% in the March quarter, according to the latest figures from the Australian Bureau of Statistics, but not all sectors are contributing to the growth.

Planning  | Business planning  | Financing a business  | Cashflow

Unemployment data throws further rate cuts into doubt

6:15PM | Thursday, 7 June 2012 | Michelle Hammond

The unemployment rate increased by 0.2% in May, new statistics show, with the data potentially dampening the probability of an interest rate cut in August.

 | Planning  | Business planning  | Financing a business  | Cashflow

Y Combinator forecasts tough funding prospects in wake of Facebook IPO

6:00AM | Thursday, 7 June 2012 | Michelle Hammond

The founder of Y Combinator says start-ups should lower their expectations when raising funds, warning Facebook’s disastrous IPO performance could hurt their funding prospects.

 | Planning  | Business planning  | Financing a business  | Venture Capital

Posse raises $1.2 million and performs a pivot

6:00AM | Wednesday, 6 June 2012 | Oliver Milman

Sydney start-up Posse has completely overhauled its offering, relaunching as a retail-focused app, after raising a further $1.2 million from a host of US and Australian investors.

 | Growth  | Growth Strategy  | Financing a business  | Venture Capital

Kayweb Angels invests in Aussie start-up busEasy

6:16PM | Tuesday, 5 June 2012 | Michelle Hammond

Australian-run angel fund Kayweb Angels has added two new investments to its growing portfolio, one of which is an Australian start-up, while the other was founded by an 11-year-old.

 | Financing a business  | Venture Capital  | Technology  | Websites

Business applauds RBA for cutting interest rates by 25 basis points

6:59PM | Tuesday, 5 June 2012 | Oliver Milman

The Reserve Bank of Australia has cut interest rates by 25 basis points to 3.5%, citing “modest” growth in Australia and “weakening” conditions internationally.

 | Financing a business

Gloomy sales outlook dampening investment plans: Report

6:00AM | Tuesday, 5 June 2012 | Michelle Hammond

Business angst looks set to continue, with the latest Dun & Bradstreet report showing 27% of local businesses anticipate declined sales in the coming months, while 30% expect lower profits.

 | Planning  | Business planning  | Financing a business  | Cashflow

One in four Australian small businesses use mortgages for finance: Survey

6:00AM | Tuesday, 5 June 2012 | Oliver Milman

Small business owners will be among the more nervous observers of today’s interest rate decision, with new research showing that more than a quarter of Australian SMEs use their mortgage to finance their business.

 | Financing a business  | Venture Capital

Fitness First runs out of puff as consumers prioritise price and flexibility

6:32PM | Monday, 4 June 2012 | Michelle Hammond

The future of the fitness industry has been put under a cloud after Fitness First announced it is selling a quarter of its Australian gyms, suggesting gym operators need to up the ante in order to survive.

 | Planning  | Business planning  | Financing a business  | Cashflow

Business groups voice dismay over minimum wage increase

6:00AM | Monday, 4 June 2012 | Michelle Hammond

Industry groups have slammed the decision by Fair Work Australia to increase the national minimum wage by $17.10 a week, warning it will impose a major burden on small businesses.

 | Legal matters  | Financing a business  | Cashflow  | Leadership

Online bra-fitting business True & Co scores $US2 million in funding

5:06PM | Thursday, 31 May 2012 | Michelle Hammond

A US-based online bra-fitting service has secured $US2 million in funding from a raft of high-profile investors.

 | Business planning  | Growth  | Financing a business  | Venture Capital  | Technology  | Websites

10 Aussie start-ups gunning for Silicon Valley

5:28PM | Thursday, 31 May 2012 | Oliver Milman

This week, Flightfox joined a growing legion of Aussie businesses invading Silicon Valley. Here are 10 Aussie tech start-ups seeking success in the US. BY OLIVER MILMAN.

 | Growth  | Growth Strategy  | Financing a business  | Venture Capital  | Technology

Flightfox accepted into Y Combinator after snagging $800,000

5:00AM | Thursday, 31 May 2012 | Michelle Hammond

Australian travel start-up Flightfox has been accepted into US-based incubator Y Combinator and raised $800,000 in capital, just months after joining Startmate, the Sydney accelerator.

 | Growth  | Growth Strategy  | Financing a business  | Venture Capital  | How I did it

Victorian start-up secures $3.5 million for breakthrough Parkinson’s technology

5:35PM | Wednesday, 30 May 2012 | Michelle Hammond

A Victoria-based company plans to commercialise breakthrough technology for patients with Parkinson’s disease, after securing $3.5 million in equity funding and government grants.

 | Business planning  | Growth  | Financing a business  | Venture Capital

Sydney trumps Melbourne as most supportive city for start-ups: Study

5:00AM | Wednesday, 30 May 2012 | Michelle Hammond

Sydney has narrowly beaten Melbourne as the most supportive city to start a business in, according to new data that illustrates Australia’s start-up ecosystem.

 | Planning  | Business planning  | Financing a business  | Venture Capital

UK launches StartUp Loans scheme – here’s how local schemes measure up

5:10PM | Tuesday, 29 May 2012 | Michelle Hammond

A loan scheme worth more than £80 million ($127 million) has been launched in the United Kingdom by Prime Minister David Cameron, designed to give young entrepreneurs a much-needed leg-up.

 | Growth  | Financing a business  | Venture Capital  | Business advice and education

The Cheesecake Shop flags shift from shopping centres to reduce rents

5:50PM | Tuesday, 29 May 2012 | Michelle Hammond

The Cheesecake Shop says its avoidance of major shopping centres is enabling it to improve rental agreements for franchisees, who typically operate in regional areas or on suburban strips.

 | Franchising  | Becoming a franchisee  | Financing a business  | Cashflow

Business Enterprise Centres grapple with a shifting SME landscape

5:51PM | Tuesday, 29 May 2012 | Oliver Milman

Entrepreneurs have long relied on Business Enterprise Centres for face-to-face help. However, faced with government funding cutbacks and advice available online, are they still relevant? BY OLIVER MILMAN.

 | Financing a business  | Venture Capital

ANZ Innovyz START names inaugural start-ups for accelerator program

5:00AM | Tuesday, 29 May 2012 | Michelle Hammond

A marketplace for pre-loved baby items and a farm business management software provider are among the 10 companies selected to take part in the first three-month ANZ Innovyz START program.

 | Business planning  | Growth  | Growth Strategy  | Financing a business  | Venture Capital

Google tax bill prompts call for local IP development boost

5:00PM | Monday, 28 May 2012 | Michelle Hammond

Creating more R&D incentives and improving capital markets have been cited as potential drivers of intellectual property and tax revenue in Australia, in the wake of revelations of Google Australia’s modest tax bill.

 | Financing a business  | Tax  | Leadership  | Intellectual property