The struggles of the Australian toy market have been put into sharp focus by a US-based start-up founded by a former Pixar executive, which has raised $11.5 million for an internet-connected, artificially intelligent teddy bear.
Group buying niche players have been warned of tough times ahead following predictions that consumer spending in the sector will drop to $530 million this year, revised down from more than $600 million.
The Reserve Bank has confounded expectations by leaving the cash rate unchanged at 3.25%, despite widespread predictions of a 25 basis point cut, and an appeal from Westpac chief Gail Kelly to help lift flagging consumer sentiment.
Almost a third of Australian businesses expect to boost their long-term investments in the New Year, according to the latest Dun & Bradstreet survey, as firms respond to lower interest rates.
A growing number of start-ups are turning to crowdfunding as a source of finance. But be warned: From intellectual property to ASIC regulations, there are serious pitfalls for the unwary. BY REECE WALKER.
The Council of Small Business of Australia is in turmoil after its annual general meeting last week, with Ken Phillips resigning as chair after the council's accounts were unable to be signed off.
Retailers are not willing to give up the fight on import GST, but some executives think it is a distraction from the real issues.
This year’s Melbourne Cup Carnival will see spending increase by 4.1% on 2011, according to IBISWorld, which has highlighted oppportunities for retailers and regional tourism operators.
Grants are back on the table, it seems, with Commercialisation Australia now confirming the organisation is handing out new grants to small businesses after a temporary freeze.
In the past couple of days, Taskmaster’s little helpers – the operations manager, the account managers and our accountant – have all been assembled in the meeting room to confront a potential crisis: Christmas.
Consumers are prioritising spending on new clothes, entertainment and technology, according to a Nielsen survey, which shows consumer confidence rose by eight points in the third quarter.
The high wire act of running your own business is made a little easier by knowing you have some safeguards in place. BY TOM McKASKILL.
Economy-wide spending rose by 3.9% in September, according to the Commonwealth Bank Business Sales Indicator, but a spike in inflation has reduced the likelihood of another rate cut.
Consumer credit demand fell by 1.4% for the September quarter, according to consumer data intelligence company Veda, as Australian consumers maintain cautious spending and become more determined to reduce debt.
Startup Weekend returns to Sydney on November 9th. Whether you’re there for networking opportunities or to pitch for finance, here are eight top tips for the event. BY ISAAC SOUWEINE.
The Federal Government has resumed its Clean Technology Investment Programs following a two-month freeze, but there are fears that the pause will have had a negative impact on prospective grant recipients.
A new online payment platform has vowed to help start-ups improve their relationships with the major banks, having already forged ties with the likes of Pollenizer and Fishburners.
Small businesses are bracing themselves for a hit following the release of Treasurer Wayne Swan’s Mid-Year Economic and Fiscal Outlook, which has downgraded the 2012-13 projected surplus to $1.1 billion.
Roboinvest, an Australian-founded web start-up that tracks financial trades in real time, has secured $125,000 in funding from a selection of New York-based investors.
At Taskmaster Enterprises, we’ve been watching Channel Nine closely this past week. After all, they’ve been showing all of us an important lesson in business management.