The small business sector has been handed its fourth minister in two years, with former immigration minister Chris Bowen assuming the role as part of an unexpected cabinet reshuffle.
Last week, Old Taskmaster suggested it was time to write to a few pollies ahead of the next election.
The Olympic Games have proved a “disaster” for London businesses, according to retailers, with an unexpected drop in tourism contributing to a fall in takings.
Small Business Minister Brendan O’Connor tight-lipped on tax ideas for small business, pledges to “advocate strongly” for sector5:10AM | Friday, 4 May
Brendan O'Connor, the newly appointed Small Business Minister, says any Government worth its salt should be providing opportunities to small business, and has rejected the idea that his union background makes him unsuitable for the job.
Labor Senator Mark Arbib has stepped down from his role as Small Business Minister, much to the exasperation of the small business sector, which will now have to deal with its fourth federal representative in five years.
The Federal Government has been urged to do more to spur start-up investment, following the unveiling of a UK government initiative that gives a huge tax break to venture capitalists.
Only 29% of micro businesses had a website presence in 2009-10, new data has revealed, yet 31% had a website presence in 2008-09, suggesting start-ups are increasingly shying away from eCommerce.
Australia remains one of the easiest places in the world to start a business, although conditions have worsened in the past two years, according to a new World Bank report.
The chief of industry peak body the Council of Small Business of Australia has called a new SME association a “marketing exercise” and cast doubt over whether it will genuinely enhance the interests of small firms.
Restaurants and cafes may no longer be compelled to display separate menus for days when surcharges are applied, typically Sundays and public holidays, after the Federal Government took on a Productivity Commission recommendation that the requirement was burdensome.
Mid-range fashion chain Brown Sugar has become the latest victim of the tough retail climate by entering into voluntary administration, with experts claiming that older demographics are driving the downturn.
Red tape has been a perennial bugbear of small businesses. Start-ups are often unprepared for the blizzard of regulations they have to deal with once they launch, with compliance not high up the priority list for budding entrepreneurs.
Start-ups are being encouraged to make the most of the small business “festival season”, which kicks off next week and lasts for several months, with events held across NSW and Victoria.
Business owners can avoid the mistake of registering a business name that has already been trademarked after the launch of a new Federal Government trade mark tool.
Administrator Ferrier Hodgson will close another 16 Angus & Robertson company-owned stores within weeks, with many of the 47 franchise-owned stores tipped to go independent.
The Federal Government’s push for a dispute resolution system has won the support of the competition regulator but has only received lukewarm response from industry groups.
Nearly 70% of directors deal with more red tape now than they did 12 months ago, according to the Director Sentiment Index from the Australian Institute of Company Directors.
Small Business Minister Nick Sherry has sparked outrage with his prediction that general bookstores will be absent from the market within five years, but some industry groups say an opportunity exists for start-ups to specialise as the sector shrinks.
The Federal Government has teamed up with the likes of PayPal, eBay and Optus to launch Driving Business Online, a nationwide road show designed to help small businesses achieve success online – and sell them on the benefits of the NBN.
The Federal Coalition has pledged to remove the “unpaid tax collector” status of small firms if it achieves government, in a move that has been welcomed by small business groups but dismissed by Labor.