Finance

Finance

Finance ideas, advice, news and tips from Australia's best business start-up mentors and journalists. StartupSmart's finance section features information and advice for business start-ups and people looking to start a business.

News Store closures to have minimal impact on retail rents: Report

Retail rents are expected to remain stable in 2012, according to Colliers International, despite store closures by major retailers including Dick Smith, Billabong and Specialty Fashion.

News Retail sales rose 0.6% in January: Business Sales Indicator

Australian retail spending rose by 0.6% in trend terms in January, according to the Commonwealth Bank Business Sales Indicator, after 0.7% gains in November and December.

News US start-up uses crowdfunding to open 30 stores in one day

A US-based start-up is planning to open thirty stores on the same date and at the same time, using crowdfunding to finance the rapid expansion, suggesting start-ups here can do the same.

News Billabong to cut 150 stores and 400 staff to fend off $765 million private equity offer

Under-pressure surfwear chain Billabong International has emerged from a trading halt to play hardball on a private equity offer and deliver a wide-ranging plan to cut costs.

News CVC Ltd launches hunt for tech start-up acquisitions

Investment firm CVC Ltd has launched a search for tech start-ups to acquire, with plans to plough between $100,000 to $5 million into suitable ventures.

News “Conservative” investors blamed for Aussie start-ups’ funding woes

Australian start-ups suffer from a conservative approach by investors, rather than a lack of funds, industry experts have claimed, as they prepare to speak at the National Angel Conference.

News ATO to crackdown on misuse of Personal Services Income

The Australian Taxation Office has issued a strong warning to accountants and clients who filed returns in 2010 under the Personal Services Income provisions, warning them of random audits.

News Consumer confidence increases amid March rate cut speculation

Consumer confidence increased by 4.2% in February, according to the Westpac-Melbourne Institute Index of Consumer Sentiment, but the index is still 5.2% below the level of a year ago.

News Ninja Blocks smashes Kickstarter target in one weekend

An Australian tech entrepreneur has sung the praises of US-based crowdfunding platform Kickstarter, after his start-up Ninja Blocks smashed its $24,000 target in just one weekend.

News Two-thirds of employees say they deserve a pay rise: Report

Salary expectations are a growing source of tension between employers and employees, according to a new report, with two-thirds of employees believing they deserve a pay rise.

News Businesses urge CBA, NAB not to raise interest rates

Business groups are urging the Commonwealth Bank and NAB to withhold interest rate hikes after increases from ANZ and Westpac, warning it could shatter the confidence of small firms.

News Small firms lead insolvency surge as failures leap by 9.2% in 2011

Corporate insolvencies surged by 9.2% last year to 10,481, according to the Australian Securities and Investments Commission, as small building firms and retailers buckled under pressure.

News Tech start-ups lament Labor’s living-away-from-home allowance crackdown

The tech industry says the decision to scrap the living-away-from-home allowance will make it harder to attract overseas talent, as firms become increasingly reliant on skilled foreign workers.

News Aussie start-ups suffering commercialisation gap: AVCAL chief

Australian start-up are struggling to commercialise themselves, often because entrepreneurs fail to properly articulate their ideas to potential investors, claims the new chairman of the peak venture capital body.

News $25k grants for surging social enterprise sector

Social enterprise start-ups in Melbourne can now apply for the latest round of grants from the City of Melbourne, including funding and mentoring, to the tune of $25,000.

News IT service start-ups set to struggle: Ovum

Start-ups in the IT industry have been put on notice after a new report revealed Australia’s IT services sector has been shrinking since 2011.

Features Modelling an overly-lean start-up

When Taryn Williams started her modelling agency WINK, she quickly realised her management style wasn’t sustainable if she wanted to be taken seriously. BY MICHELLE HAMMOND.

News Three ways to tempt reluctant Valentine’s Day shoppers

A retail expert has identified her top tips for sparking sales in the lead-up to Valentine’s Day, with a new report revealing only a third of women plan to purchase a present for their partner.

News NSW Govt to subsidise 12 local start-ups at US-based Startup House

The NSW Government has thrown its support behind tech entrepreneurs wishing to crack the US market, helping start-ups cover the cost of living and working at Startup House in San Francisco.

Features Should your business aim for profits or growth?

In the early stages of your business, you need to invest in growth. But long-term, you need to be profitable. So when should you stop investing in growth and start maximising your profits? BY MARC PESKETT.

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