Growth | Import | Export
As we continue to navigate the impacts of the global pandemic, Export Finance Australia is supporting Australian businesses with access to finance. Without a doubt, new challenges have emerged – from difficulty in fulfilling international orders to the loss of a steady customer base. As a result, many exporting or supply chain businesses need additional capital to help them stay on top of […]
With the global economy looking fragile and one of Australia’s largest trading partners, China, slowing down, it’s important for Australian business decision-makers to re-evaluate their position as the new financial year begins, according to Atradius. Mark Hoppe, managing director, Oceania, Atradius, said, “The start of the new financial year is traditionally an ideal opportunity for […]
Byline: David Link, CEO & Founder of Verrency Overseas expansion is often considered for homegrown companies looking to increase their revenue and customer base. While the lure of international expansion can be promising, it is no easy path in understanding a new environment and also being able to upscale existing operations. Your capital and human […]
The advancement of technology has radically changed the way that consumers browse for items and make purchases. Shopping online for items overseas has become as normal as picking up a bottle of milk from the local corner store. Consumers around the world now expect to be able to browse international brands at anytime, anywhere and […]
Byline: Karen Reddington, President, Asia Pacific, FedEx Express Traditionally, small businesses began in one’s backyard – selling to friends and neighbours. As these small businesses grew and ventured abroad, they would have sought out markets close by or those which were culturally similar before going beyond. But the Internet and e-commerce has made the world smaller […]
Julia Christie, the innovator and designer of the multi-award-winning baby nail trimmer – the Nail Snail, has recently expanded her business outside of Australia and says that “Done right, it can be the best thing for your business.” After providing safer nail care to countless parents of toddlers, babies and newborns across Australia and selling […]
A new bilateral Wine Agreement and Mutual Recognition Agreement will ensure continued trade flow between Australia and the United Kingdom post-Brexit. The new Wine Agreement replicates an already existing agreement between Australia and the European Union, which means the UK will accept Australian winemaking practices, and labelling and certification standards. Minister for Trade, Tourism and […]
Do you know how much time and money you are spending on business travel? For many businesses the answer is no, and they’re missing out on valuable savings. This is where SMART Corporate Travel can help. Designed specifically for Australian SMEs, this new online travel platform drives significant savings and efficiencies. Below are five of the […]
Research shows that employees check their phones up to ten times a day.
Whether your business is a brand new startup or anational market leader, there is always room for it to improve itself. There is always potential there for it to crack the glass ceiling above it and for it to carry on skyrocketing upwards. There is always that chance, no matter of its market, its niche […]
Efic’s Small Business Export Loan helped Victorian-based beauty product business, Babe Australia (Babe), deliver on three purchase orders in the US and Mexico and continue to build brand presence overseas. For Kim Peirce, Founder and Director of Babe Australia, the move from being a management consultant in the oil, gas and mining industry to starting […]
What can derail a businesses’ plans to launch their offering into an overseas market? Global expansion may be every enthusiastic business owner’s dream but is your business truly ready to expand? Cultural, political, social and logistical differences can impact on your product’s success, as well as simple mistakes, such as neglecting to check your trademark, […]
Global demand for NSW exports has put the ‘First State’ in the lead with $35.7 billion worth of Australian services exported last year. NSW contributed 52.3 per cent of the total Australian growth in services exports, which highlights the NSW Government’s success in creating an entrepreneurial business environment. Minister for Trade and Industry Niall Blair […]
Businesses are under incredible pressure from constant deadlines and the need to deliver short-term results. Business leaders want immediate outcomes, which creates a culture of ‘doing’. So, when a problem arises, we quickly jump to solution finding, without isolating what the real problem is. If we don’t take the time to dig deep, observe and […]
Seeing Machines has gone from strength to strength since 2000, when the business was founded as part of an association with Australian National University. Today it is at the forefront of driver monitoring technology and has more than 200 staff and operations across the world; including the US, the UK, South America, Europe and in […]
Obtaining finance can be challenging for any business but it is an acute difficulty for micro and small businesses in their start-up phase. Having the Best Business Idea in the World won’t necessarily be enough to convince sceptical, risk-averse banks to approve a loan, especially if the business owner doesn’t have a proven track record […]
The Federal Government is now seeking applications for grants of up to $7000 to help Australian researchers and SMEs work with overseas experts to develop and commercialise their projects. According to Minister for Jobs and Innovation, Michaelia Cash, the Global Connections Fund (GCF) Priming Grants empower organisations to collaborate in the global arena, link with […]
The size limitations of the Australian domestic market mean that in particular sectors, small businesses struggle to achieve their growth potential. For many small businesses, these limitations can be resolved by tapping into much larger foreign markets that offer greater opportunities. The beauty industry in Australia is a good example. This market is a […]
China’s booming economy and rapidly growing middle-class present a wealth of opportunities for Australian businesses, particularly those companies able to tap into the rising demand for high quality goods and services. But many local SMEs with international expansion goals have discovered it’s not as simple as heading overseas and establishing operations. In a culture such […]
