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

 Hi, I grew up in a family of entrepreneurs so it was not easy to stay away from starting your own business. I was not interested in the family business and took the opportunity to chart my own territory and gain financial freedom. While starting my journey, my father gave me all the practical knowledge while supporting my decision. He told me about a few essential steps for building a successful business. I must say that those words and learning have stayed with me. I know how to run my business efficiently because of those lessons. If you too wish to know about them, here is an article for your reference.   https://www.business2sell.com.au/blogs/strategy/the-entrepreneurs-guide-to-building-a-successful-business

 A decade of assurances from The Star Entertainment Group (ASX: SGR) has come back to haunt the casino operator in a class action launched by Maurice Blackburn that has relied heavily on bombshell evidence given by senior executives during the Bell inquiry this year. The class action specialist has filed a 263-page statement of claim in the Supreme Court of Victoria that includes a hit list of past and present board members that Maurice Blackburn alleges were ultimately responsible for the company engaging in misleading and deceptive conduct, breaching its continuous disclosure obligations and conducting its affairs contrary to the interests of shareholders. The Star confirmed to the ASX this morning that it had been served by Maurice Blackburn with a statement of claim for a securities class action in the Supreme Court. Read More: https://www.businessnewsaustralia.com/articles/-we-are-not-crown---words-that-haunt-the-star-as-maurice-blackburn-launches-class-action.html

 Construction of a $600 million health education hub for the University of NSW will commence next year after a consortium led by infrastructure investment specialist Plenary Group and backed by property investor ISPT and super funds HESTA and UniSuper sealed the deal for its development. The Plenary Health consortium will fully fund the 35,600sqm UNSW Health Translation Hub (HTH) in Sydney’s Randwick, which will connect via skybridges to the UNSW Kensington Campus, the Randwick Health Campus and the future Minderoo Children’s Comprehensive Cancer Centre. Situated on the corner of High Street and Botany Street, the 15-storey building will be supported by an initial 20-year commitment from UNSW to occupy 65 per cent of the available space. The remaining space will be open to industry within the health, research and education sectors. Read More: https://www.businessnewsaustralia.com/articles/plenary-health-consortium-lands--600m-unsw-hub-project-deal.html