Business Ideas For Melbourne

 Hello, A few years ago, I was going through the financial reports of my business and was trying to make sense of it all. During my sneak peek, I got a chance to look at the business equity. As a young and amateur business owner, I was not sure about this term. So, I asked my bookkeeper about it. He told me that it is the net worth of the business after its debts have been paid off. However, you need to understand the assets and liabilities of the business to get this number. The balance sheet comes in handy in this regard. Here is an article that will help you understand this in detail. https://www.agibookkeeping.com.au/what-is-equity-in-business-and-how-to-calculate-it/

 Online retailer Kogan (ASX: KGN) is confident it is on track for a return to profitability in the wake of a ‘turbulent’ period for the e-commerce sector with founder and CEO Ruslan Kogan declaring the business has been ‘right sized’ for growth. The retailer reported a blowout in losses to $23.8 million for the first half of FY23, a result driven by what Kogan describes as a ‘drastic change in demand for online retail’. The loss is up from an $11.78 million deficit a year earlier and was driven by heavy discounting of excess inventory during the half year, with some products sold below cost. Read More: https://www.businessnewsaustralia.com/articles/kogan-eyes-return-to-profit-after--deep-discounts--blow-out-interim-loss-to--23-8m.html

 Forget the Holy Land. If Noah were looking for a place to drop anchor, this would be his dream destination. Here in Australia — at least when it comes to business — we love to operate in pairs. There are a couple of airlines, a duo of food retailers, a pair of steelmakers, two resource giants and just a handful of banks. And let's be honest, the only reason we still have four financial institutions is because — despite years of agitation — they haven't been allowed to hook up into a cosy couple. Raed More: https://www.abc.net.au/news/2023-02-27/company-profits-soar-as-wages-crawl-verrender/102025674

 Tourism Central Australia (TCA) is reeling from another round of cuts to Qantas seats in and out of the region less than a week after the national carrier announced a billion-dollar profit.TCA chief executive Danial Rochford said Qantas had confirmed to him it was planning to cut another 30,000 seats during the 2023 peak tourism season. "As you can imagine from as head of tourism, that's gut wrenching for my members and gut wrenching for the community," Mr Rochford said. He said the seats would be cut from in and outbound flights for Alice Springs and Yulara between March and October. Read More: https://www.abc.net.au/news/2023-02-27/qantas-flights-cut-from-central-australia/102015444