Business Ideas For Melbourne

 Hi there, I have not worked in the accounting department ever before, so when I was asked to help the bookkeeper with his workload, I was apprehensive. It took me some time to adjust to the new environment, but I am good with numbers and calculations so did well. The best part is that I loved the work and learnt a lot over the past few months. The most recent learning has been the difference between net profit and retained earnings. I thought that they were same, but they are quite different. RE is calculated by deducted dividends from the net profit. To understand this in detail, do read the article shared below. https://www.agibookkeeping.com.au/what-is-the-difference-between-net-profit-and-retained-earnings/

 Australian households are feeling "deeply pessimistic", but they are still spending money and business confidence keeps booming. Economists say it is hard to ignore how differently households are feeling about economic conditions compared to businesses. The latest NAB monthly business survey shows business confidence has picked up again, with businesses' perceptions of conditions remaining well above their long-term average. Trading conditions improved again last month and profitability and employment remained strong. Read More: https://www.abc.net.au/news/2022-09-13/consumer-confidence-deeply-pessimistic-business-conditions-boom/101434360

 With the rise of passenger drones gaining momentum globally as some of the biggest aviation companies join start-ups to create the first commercially viable electlric vertical take-off and landing (eVTOL) vehicle, an Australian company has been working behind the scenes to lay the groundwork for a network of ‘vertiports’ to accommodate what is expected to be a personal transport revolution. Skyportz, a company founded and led by Clem Newton-Brown, earlier this month revealed the design for the first vertiport in Australia to service the emerging electric air taxi industry, identifying Caribbean Park, an office precinct located in Melbourne’s east, as one of the frontrunners in the new race to conquer the skies. Read More: https://www.businessnewsaustralia.com/articles/skyportz-lays-groundwork-for-a-national-vertiport-network-to-host-a--green--transport-revolution.html

 The Muslim mum: That's the core demographic that many Australian businesses are targeting as they pivot away from purely focusing on China, towards exporting a new breed of halal-certified products to South-East Asia and the Middle East. Two years ago, when the pandemic hit and Betul Turker lost her job, she realised that was the demographic that was untapped in her local area. She set up a health food store in the fast-growing and culturally diverse community of Coolaroo, in Melbourne's north. Here, more than 30 per cent of the population identify as Muslim. Read More: https://www.abc.net.au/news/2022-09-14/muslim-mum-exports-southeastasia-middle-east-vegan-organic-halal/101435788

 Are you planning to relocate your office to expand your business question? Well, you’re not the only one; many business owners opt for this option, and it’s usually beneficial. However, the challenge is to relocate the office because it hampers productivity for a temporary period. So, you don’t want the process to take longer than you estimated. There are several responsibilities that you have to deal with during office relocation, so it is important that you follow a checklist. Here is an excellent article that has information on the ultimate office moving checklist and timeline. To read the complete article, click the link mentioned below. https://www.betterremovalistsmelbourne.com.au/the-ultimate-office-moving-checklist-and-timeline/

 A Melbourne consortium has laid plans for Australia’s tallest building after lodging a development application for a $400 million twin-tower project on the Gold Coast. The landmark development, comprising two slim towers connected by a bridge on the 22nd floor, would reach a height of close to 400 metres which would dwarf the Q1 in Surfers Paradise, currently regarded as the country’s tallest high-rise tower at 322.5 metres. The proposed 1 Park Lane development is earmarked for a vacant 1,245sqwm site at 1 and 6 Park Lane, next to the Southport Bowls Club, and would create up to 12,000sqm of office space and 197 residential units. Read More: https://www.businessnewsaustralia.com/articles/melbourne-consortium-looks-to-develop-australia-s-tallest-building-in-southport.html

 Regional leaders have welcomed the federal government's increase to the permanent migration cap to help businesses fill crippling labour shortages. Australian Home Affairs Minister Clare O'Neil announced a 35,000 increase in the permanent migration cap from 160,000 to 195,000 this financial year during the Jobs and Skills Summit on Friday. Regional Australia will have access to 34,000 permanent migrants, an increase of 9,000. Community, business and local government leaders in Ballarat say they are working hard to be on the "front foot" so the city can maximise its benefits. Read More: https://www.abc.net.au/news/2022-09-05/federal-government-migration-cap-increase-welcomed-in-ballarat/101404230

 A Ballarat business owner has joined a class action compensation claim against the Victorian government over its alleged mismanagement of the state's hotel quarantine program.  Victoria's Supreme Court ruled last week the class action would proceed, after two attempts to quash it. More than 1,300 business have registered to seek compensation, believing the escape of coronavirus from hotel quarantine led to Victoria's second lockdown from July 2, 2020. Ballarat children's play centre Chipmunks owner Varneet Singh said lockdown periods throughout the coronavirus pandemic had almost sent him bankrupt and set back business goals. Read More: https://www.abc.net.au/news/2022-09-03/ballarat-business-joins-victorian-hotel-quarantine-class-action/101402420