Posts

HOW DO YOU APPLY DISCOUNTS ON INVOICES?

Image
 Hi all, Discounts are one of the best tools to grab the attention of buyers as a business owner. I have used this technique to attract new buyers and sell more to my existing customers. It helps to increase sales and brings high profits that are effective in improving the cash flow. However, you need to make the adjustment in your invoices accordingly. First, you need to understand whether it is a cash discount or a trade discount and then you have to apply on the invoices. It is necessary to make the adjustment to GST as well. Here is an article that will explain this.     https://www.agibookkeeping.com.au/how-do-you-apply-discounts-on-invoices/

Latitude reveals nearly 8 million drivers licence numbers were stolen in cyber attack

Image
 The fallout from a cyber attack on personal loans firm Latitude (ASX: LFS) is far worse than initially believed, with the company today announcing approximately 7.9 million Australian and New Zealand drivers licence numbers were stolen. This is a significant increase on the 330,000 pieces of stolen personal information originally flagged by the company last week, and includes 3.2 million (or 40 per cent) drivers licence numbers that were provided to the company in the last 10 years. For context, the number of licence numbers that were stolen equates to roughly a quarter of the combined population of Australia and New Zealand. Read More: https://www.businessnewsaustralia.com/articles/latitude-reveals-nearly-8-million-drivers-licence-numbers-were-stolen-in-cyber-attack.html

JobAdder to capitalise on surge in temp jobs after capital injection from SEEK

Image
 Sydney-based recruitment-software platform JobAdder is aiming to capitalise on business demand for short-term workers after securing a new round of funding from its majority owner SEEK (ASX: SEK). While the financial details of the capital injection have not been disclosed, JobAdder plans to use the fresh funds for product development, including enhancing its applicant tracking system and customer relationship management offering for recruitment customers globally. JobAdder is specifically targeting the surge in demand for short-term workers by businesses in the post-COVID environment. Read More: https://www.businessnewsaustralia.com/articles/jobadder-to-capitalise-on-surge-in-temp-jobs-after-capital-injection-from-seek.html

Australian Millennial managers look to offshoring to solve global talent shortage problem

Image
 New research reveals that more than half of Australia’s next-gen leaders are considering offshoring to solve the ongoing talent shortage facing their businesses.  In a sign that a generational shift is taking place in attitudes towards offshoring, more than half (55 per cent) of Millennial managers already understand that hiring overseas workers will be essential to tackling their skills gaps compared to only one in five (19 per cent) so-called Baby Boomers.  As a further sign of a permanent shift in attitudes, almost two-thirds (63 per cent) of up-and-coming Gen Z managers understand that offshoring roles will be vital to the growth prospects of their business. Read More: https://www.businessnewsaustralia.com/blog/australian-millennial-managers-look-to-offshoring-to-solve-global-talent-shortage-problem

Consumer Market vs. Business Market: What's the Difference?

Image
 Hi, When I decided to start my business, I was not aware of the difference between consumer market and business market. I thought that they were the same. However, soon I came across short forms like B2B and B2C. I was puzzled and decided to read about them and understood that it was quite easy to understand the basic difference. The business market involves businesses selling to businesses and the consumer market entails businesses selling to customers. However, there are many other differences that are important to understand how they work and operate. So, here is an article that will help you understand all the differences between them.  https://www.business2sell.com.au/blogs/evaluation/consumer-market-vs-business-market-whats-the-difference

“Knocking on the door of the ASX 100”: ACL makes $1.58b bid for healthcare giant Healius

Image
 Australian Clinical Labs (ASX: ACL) has lobbed a $1.58 billion off-market offer to merge with one of its biggest competitors, Healius (ASX: HLS), as it looks to become the nation's largest pathology services provider and secure a deal that could have it "knocking on the door of the ASX 100".  While ACL is the smaller of the two - with a market capitalisation of $726.6 million prior to its proposal - the Melbourne-based player believes it can help its larger rival turn around its operations, which posted a net profit loss of $28.7 million and earnings loss of $13.2 million in 1HFY23. If the deal goes through, the combined entity will have 171 labs and 3,413 collection centres across the country, with expectations they will save up to $95 million over the next four years under the proposed combination of their labs, logistics, procurement benefits, back-office activities and overlapping IT systems. Read More: https://www.businessnewsaustralia.com/articles/australian-clinic...

Neon Treehouse lights up the marketing side of equity crowdfunding

Image
 Since Australian lawmakers changed the Corporations Act to let companies raise capital via equity crowdfunding from retail investors in 2018, the space has been booming. According to crowd-sourced funding facilitator Birchal, more than $72 million was raised over 91 crowdsourced funding campaigns from more than 35,000 retail investors in 2022, demonstrating the importance of the financial instrument to the local start-up and scale-up scene. Core to an equity crowdfunding round’s success however is the ability to convince retail investors to put forward their hard-earned money into nascent companies that demonstrate promise but require capital to get to the next stage. Read More: https://www.businessnewsaustralia.com/articles/after-a-decade-in-business--neon-treehouse-lights-up-the-equity-crowdfunding-marketing-space.html