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Top Inside Small Business News

Australia unexpectedly holds policy rate as it awaits more inflation data
Australia Economy · Australia

Australia unexpectedly holds policy rate as it awaits more inflation data

44% Left coverage: 27 sources
The official cash rate target will remain at 3.85 per cent, defying the market expectations and most economists' forecasts.See the Story
Australia Unemployment Rate Jumps to 3-1/2-Year High in June
Unemployment · Australia

Australia Unemployment Rate Jumps to 3-1/2-Year High in June

43% Right coverage: 14 sources
SYDNEY (Reuters) -Australian employment rose only marginally in June as the jobless rate jumped to the highest since late 2021, showing perhaps the first crack in what had been an unusually resilient labour market that adds to the case for a rate cut next month. Investors sent the Australian dollar down 0.5% to $0.6493, while three-year bond futures rallied 9 ticks to 95.57. Swaps now imply a 83% probability for a cut in interest rates next mont…See the Story
Businesses to Save $90m a Year as ComCom Tackles Interchange Fees
Business · Australia

Businesses to Save $90m a Year as ComCom Tackles Interchange Fees

46% Right coverage: 11 sources
The Commerce Commission has issued its final decision today to reduce interchange fees paid by Kiwi businesses, saving them about $90 million a year in...See the Story

RBA Shocks The Market As Lingering Inflation Blocks A Rate Cut

Coverage: 7 sources
Australia Economy · AustraliaSee the Story

WA May Soon Get Two Extra Days Off a Year

Coverage: 5 sources
West Australians could soon be enjoying two extra days off every year as the state government looks to overhaul the public holiday calendar.Western Australia · Western AustraliaSee the Story

[Opinion] Regulators seek businesses’ views on cash distribution framework

Businesses have been invited to provide their opinions on a potential regulatory framework for cash distribution in the country. Views on the matter will be collected and considered through a consultation process launched by the Council of Financial Regulators (CFR) and the Australian Competition and Consumer Commission (ACCC). According to the CFR, cash remains vital for many Australians, particularly in regional and remote communities, despite…Opinion · AustraliaRead Article

When passion isn’t enough to save your business: What I learned from two business closures

Serial entrepreneur Shelley Cox reflects on the lessons she learned from two closed businesses – and questions whether every business needs to “succeed” to be worthwhile. Hi, I’m Shelley – an ever-optimistic small business owner in the Barossa Valley, South Australia. After a 20-year winemaking career, and with two young, boisterous boys and a busy life, I needed a change. So, I jumped headfirst into launching two business ventures, pouring in m…South Australia · South AustraliaRead Article

Q&A: How Elegant Ensembles made custom clothes profitable

Fashion entrepreneur Yeresha Herath sought to address the problem women have with made-to-order fashion, particularly the traditional sizing they employ. Thus, she conceived Elegant Ensembles, a slow fashion label that sought to provide premium and personalised made-to-order garments for women at an accessible price. We talk to Yeresha to learn more about her business and the sustainability ethos it is founded on. ISB: How did you validate that …Australia · AustraliaRead Article

Melbourne summit unites Australia's top female business leaders and policymakers

The COSBOA National Small Business Summit features female founders and policy leaders discussing the support systems needed for Australia’s growing number of women-led enterprises. At this year’s COSBOA National Small Business Summit, taking place August 19-20 in Melbourne, the spotlight shines brightly on some of Australia’s most courageous and visionary female business leaders. The economic landscape may be challenging, but these women are not…Melbourne, Australia · MelbourneSee the Story

SMEs need extra $124K to meet new payday Super rules

Survey shows 65% of businesses expect moderate to huge operational impact from Payday Super, while 15% remain completely unaware. Read on.Australia · AustraliaSee the Story

How I knew it was time to give away my multimillion dollar business

Entrepreneur Vanessa Norman breaks down the process of giving away a business, from the realisation she had to step back to what came after the handover. I didn’t sell my business. I didn’t wind it down with a fat cheque and a retirement plan, instead, I walked away from a company generating over $2m a year, and I gave it away for free. At the time, I thought I was failing. But looking back, losing that business was the beginning of a life that …Australia · AustraliaRead Article

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