Tag: Profit

ABS data shows company profits have grown by 4 per cent, doubling the market expectation. Meanwhile, wages and inventory have fallen.

Dynamic Business has always been about the workplace, and in 2019 we covered a range of topics such as employee satisfaction and engagement, work-life balance, hiring and firing, attracting and growing talent, workplace trends and worker rights. Each year, we talk to experts from diverse backgrounds who provide us with the best information, tips and […]

Westpac chief executive Brian Hartzer says the bank’s first-half results are disappointing. Westpac has held its interim dividend despite the cost of refunding customers helping drag down first-half profit by 22 per cent to $3.296 billion.   Australia’s second largest bank set aside $617 million to cover refunds and associated costs following the financial services royal […]

Former HR Manager, James Trenerry turned a $40,000 debt into a successful KX Pilates franchise enterprise, generating a revenue stream of $2.5 million. Here are his tips for business success.   Define your vision A clear vision and strategy is essential to reach your goal This sets the tone for your business direction, objectives, and […]

Australians have long been considered a traditional group and for good reason. Neighbours recently entered its 35th TV season and the Tim Tam is still the nation’s favourite biscuit. But in the retail sector this love affair with tradition is no more, replaced by a thirst for new and innovative experiences. Recent 451 Research, commissioned by […]

‘You can’t make a profit while you are creating social impact, that would be wrong.’ This was a statement made to me by a Year 11 student taking part in an Entrepreneurial Challenge Week, where the students were challenged to develop a social impact business within 5 days. Taken aback, I asked ‘Why?’. The five girls […]

Running a small business has many rewards, but it has never been an endeavour for the faint-hearted. One of the most common yet avoidable areas of stress for SME owners is the ability to manage and maintain sufficient cashflow.   [Editor’s note: This is the fifth in a 12-part series, by accountant and serial entrepreneur Tanya […]

When was the last time you reviewed your business? Every owner should conduct an extensive review at least once a year to stay on track. It doesn’t matter if you’re running a small firm or a large corporation – every business benefits from a solid plan of attack. Annual reviews allow you to evaluate what […]

When Kathmandu announced its net profit had increased 64% in FY16, group marketing manager John Sette cited a comprehensive brand refresh as one of the factors that had contributed to an improvement in the company’s fortunes. He also praised the efforts of Melbourne brand and design studio SouthSouthWest, which had assisted in rebranding the travel […]

The digital revolution has impacted almost every facet of our lives, from how we socialise, exercise, bank, and work. Although business is now conducted largely through smartphones, tablets and laptops, many workplaces are still cluttered by mountains of paper.  Given the indisputable benefits of embracing digital technology, businesses are fast running out of excuses for their stubborn […]