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Three VC firms to oversee government’s $200 million start-up fund
3:13PM | Wednesday, 27 March 2013 | Oliver Milman
The federal government has picked three venture capital funds to co-invest at least $200 million into high-growth Australian start-ups via its Innovation Investment Fund.
Brisbane specialty grocer charges customers $5 "just for looking"
3:38PM | Wednesday, 27 March 2013 | Yolanda Redrup
A Brisbane speciality grocery store is charging browsers $5 if they do not buy anything from the store, after people have been browsing in the store and then going elsewhere to buy their products.
ASIC launches new electronic payments code for online businesses
3:02PM | Thursday, 21 March 2013 | Patrick StaffordASIC has released a new version of the electronic payments code, with the old version failing to take into account the myriad of ways consumers now pay for products on different devices.
Why large Aussie investors are failing our nation’s start-ups
3:39PM | Thursday, 14 March 2013 | Jeremy CollessFreelancer.com founder Matt Barrie recently caused controversy by calling the Australian VC sector “dead”. Is there any truth to his alarming comment?
Byron Bay Cookies' $13 million business crumbles into administration
3:53PM | Monday, 11 March 2013 | Cara WatersThe manufacturing arm of the Byron Bay Cookies has been placed into voluntary administration.
Kickstart program extended as apprentice dropout rate soars
3:34PM | Friday, 8 March 2013 | Michelle HammondEmployers in the building, construction and engineering trades have an extra two months to take advantage of the Apprentice Kickstart Initiative, amid calls for an apprentice pay rise.
Reserve Bank keeps cash rate on hold despite low demand for credit
3:41PM | Tuesday, 5 March 2013 | Michelle HammondThe cash rate has been left unchanged at 3%, in line with economists’ predictions, although the Reserve Bank said the exchange rate remains “higher than might have been expected” while demand for credit is low.
Got investment? Now for the real hard work
3:34PM | Tuesday, 5 March 2013 | Mahesh SharmaSecuring finance for your business is a major milestone. But it’s also the point at which you have to start worrying about your investors. BY MAHESH SHARMA.
Three in four businesses have cashflow concerns: Report
3:45PM | Monday, 4 March 2013 | Michelle HammondBusinesses are attempting to curb their expenses by delaying investments and the hiring of new staff, according to the latest Dun & Bradstreet survey, which shows 75% of businesses see cashflow as an issue during the months ahead.
DIY home design to spark homewares sales: IBISWorld
2:29PM | Wednesday, 27 February 2013 | Michelle HammondAn increasing trend of do-it-yourself home design will stimulate sales for houseware retailing, according to an IBISWorld report, which shows industry revenue is expected to be worth $1.71 billion in 2017-18.
Samsung joins Visa for mobile payments, Australian rollout could take a while
2:10PM | Wednesday, 27 February 2013 | Patrick StaffordSamsung has jumped into the contactless payments market with Visa – but the deal doesn't include its Android partner, Google.
Expert predicts trickle-down effect for group buying after LivingSocial raises $110 million
2:10PM | Thursday, 21 February 2013 | Michelle HammondUS-based daily deals giant LivingSocial has raised another $US110 million from investors, with an industry expert predicting a trickle-down effect for smaller players.
Bettina Liano tells: "Why I'm closing my Australian stores and opening in the United States"
2:06PM | Wednesday, 20 February 2013 | Cara WatersAustralia's Jeans Queen, Bettina Liano, has closed all but one of her Australian stores and set her sights on the United States market instead.
Business crunched as average payment terms remain at 52 days
2:56PM | Wednesday, 20 February 2013 | Patrick StaffordBusinesses have been warned to get their cashflow organised, with new research showing companies are now taking an average of 52 days to pay their bills.
Make a pledge on a crowdfunding site
2:38PM | Thursday, 14 February 2013 | TaskmasterAre you uncertain about the concept of crowdfunding? It might be worthwhile to test the waters before diving in head first.
Spend money to make money
2:43PM | Monday, 11 February 2013 | TaskmasterNapoleon Perdis has suggested Australian department stores could reverse their fortunes by investing in staff. It’s a suggestion with implications far beyond the retail sector.
Reckon looking to take on Xero by joining cloud accountancy battle
2:09PM | Friday, 8 February 2013 | Warwick GoodmanReckon is aiming to shake up the Australian accounting software market when it launches its first cloud-based product Reckon One in the next quarter.
Secret Recipe collapses after investors spent $7 million in start-up costs
2:52PM | Friday, 8 February 2013 | Cara WatersAn ambitious food franchise chain has come unstuck after start-up costs doused its flames.
Three tests to see whether your start-up is investment ready
2:19PM | Wednesday, 6 February 2013 | Marc PeskettIs your business ready for outside investment? Here are the three key benchmarks you need to look at before you start seeking finance. BY MARC PESKETT.
Online sales growth takes seasonal December slip
2:54PM | Tuesday, 5 February 2013 | Warwick GoodmanOnline retail growth took a dip in December compared to the previous month, according to new figures, but an economist has played down concerns that eCommerce spending is on the slide.
