Australian Bureau of Statistics
The London Olympics could be a boon for start-ups as they draw inspiration from major retailers such as Nike, which is allowing shoppers to compete against each other in virtual games.
Company collapses increased by 1.7% in May, with businesses in South Australia, Victoria and the ACT hardest hit by Australia’s uneven economy.
There is a rare ray of sunshine for retailers in the form of new figures that show sales in May rose by an unexpected 0.5%.
Businesses are being encouraged to rethink their advertising, with a new survey revealing a quarter of Australian consumers are being ignored by marketers due to ill-conceived campaigns.
The proportion of “innovation-active” businesses fell 5% in 2010-11 to 39%, according to the Australian Bureau of Statistics, with micro businesses among the least likely to innovate.
Micro businesses shouldn’t overlook the opportunities afforded by mobile optimisation, with new statistics revealing one in three Google web searches on mobile devices are local in nature.
The latest census data has highlighted several major business opportunities, namely the population explosion in resource-rich states, and Australia’s increasingly multicultural society.
Toiling away at a business only for a competitor to steal your product idea or brand may be the nightmare of many entrepreneurs, but research out this week shows that worryingly few are prepared to do anything about it.
Almost 70% of businesses with zero to four staff use no intellectual property protection methods, according to an alarming Australian Bureau of Statistics report.
The Australian Chamber of Commerce and Industry has launched a campaign for mature-wage workers alongside Business SA, as statistics show older workers are increasingly overlooked.
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.
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.
Women are starting businesses at twice the rate of men and are starting to take up senior roles in traditionally male industries such as construction and agriculture, according to official figures.
The Reserve Bank hosted its first small business finance roundtable on Tuesday, with the aim of better understanding how the small business sector is financed and where there might be information gaps.
Less than 25% of workers in Australia’s Information and Communications Technology (ICT) industry are female, new statistics show, amid accusations that the sector is failing to retain women long-term. According to the Australian Bureau of Statistics’ Labour Market Survey for February last year – the latest figures available – there are 131,059 women employed in the ICT industry. This represents just over 24% of the total workforce. Maree Adshead, chief executive of Queensland ICT company MobileIP, is also chair of the Queensland branch of the Australian Information and Industry Association. Adshead says while this figure is higher than that of other world centres, namely Europe, it is still concerning. According to a white paper titled Women and ICT: Why are girls still not attracted to ICT studies and careers?, ICT is the major driver of growth in productivity in the European Union. Despite this, less than one in five computer scientists are female. With regard to Australia, Adshead says there is definitely a dearth of women in the ICT industry. “We debate the issue time and time again to try and solve it but there is no easy answer,” she says. According to Adshead, the entry level representation of women into the industry is high, but many do not remain in the industry for the duration of their careers. “Women come into the industry but don’t stay, and it’s the fact that they don’t stay that seems to be more pronounced in ICT than it is in other industries,” she says. “Is it because it’s a very fast-paced, technology-driven industry that once you leave you may feel is hard to get back into and catch up on what has happened since you were gone? “I don’t know. This could be part of the reason, but senior women are not easy to find.” Adshead’s comments reflect the sentiments of fellow female tech entrepreneur Kate Kendall, who believes women are put off by the male-centric mindset within the industry. “I do tend to think the tech community is a bit of a bro fest… It’s a welcoming environment to enter but it’s not an environment people want to stick around in,” Kendall told StartupSmart. “[Women are] still a long way off getting equal support and representation.” Adshead said talented women from the ICT field are highly attractive to other sectors because of their technical skills and expertise, which could also explain their departure from the sector. “ICT women seem to be in demand outside the industry. The industry spreads far beyond technically skilled people.” “ICT is home to lawyers, accountants and all manner of other professionals. I find it hard to imagine a more vibrant and exciting industry to be a part of.” “So we should be looking closely at how we attract and retain women in ICT. The ICT industry is bursting with opportunity.”
Food retailers are in for another tough year, according to the Australian Food and Grocery Council CHEP Retail Index, which forecasts a modest rise in sales of just 2.1% for the June quarter.
An interest rate cut looks all but certain following a weak inflation reading, with economists expecting the Reserve Bank to ease rates by 25 basis points when it meets next week.
Start-ups are being urged to consider older workers as a viable talent pool, after the Federal Government announced it will offer a $1,000 bonus to employers who hire a worker aged 50 or over.
Facebook has announced a $US1 billion deal to buy popular smartphone photo-sharing application Instagram.
Retailers can rest assured the industry will emerge from its two-year slump next financial year, according to Deloitte Access Economics, which predicts sales to increase by 2.6% in 2012-13.