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How to make a billion dollars in business

We are in an age of great money-making business opportunities – we just don’t know where to look for them according to SeaChange International CEO Jay Samit. Jay says when trying to find your billion dollar idea, you need to look to where value is created and captured instead of the overall environment for business. …

$2,000 grant targets small business expansion

Small and micro businesses looking to expand operations by employing additional staff are eligible for a $2,000 grant under the NSW Government’s Small Business Grant. The Office of State Revenue is rolling out a series of free seminars that provide an opportunity for businesses to learn about the grant and how they can implement it…

Succession planning: it's more than an heir and a spare

With the birth of Princess Charlotte, the Duchess of Cambridge completed her royal duty by producing an heir and a spare, thus ensuring the House of Windsor’s reign for another generation. Royals aren’t the only people who need to consider succession planning.  Business owners and operators need to think about it, too.  Succession planning is…

Free food safety workshops protect business and customers

Food safety standard breaches can be costly for businesses, not just in dollar value but also in reputation and ongoing business viability. Cessnock City Council Director Planning and Environment Gareth Curtis said as part of Council’s aim to promote food safety, free food handler awareness workshops would be offered throughout September. “The workshops are a…

You're fired!

Dubbed the Myer Liar by the media, Andrew Flanagan was back in the news recently as his fake resume escapade came to a head in the Victorian County Court. Last week Mr Flanagan pleaded guilty to four deception charges and was put on a three-year community corrections order requiring he complete 400 hours of unpaid…

Car expense deduction changes: have you implemented the new flat rate?

The Government’s car expense tax deduction has been simplified to one flat rate of 66c per kilometre for up to 5,000kms. The change means different rates no longer apply to different engine capacities, and the yearly deduction rate is essentially capped at $3,300.  Payments exceeding that amount can still be made but are subject to…

Competition brings savings for customers

A draft report on the competitiveness of the NSW retail electricity market has revealed small businesses stand to save up to $610 per year by switching providers. The Review of the Performance and Competitiveness of the Retail Electricity Market in NSW, released by the Independent Pricing and Regulatory Tribunal (IPART), also found around 25 percent…

Dear customer, I love you but I have to let you go

Breaking up is hard to do. It’s even harder when a business makes the risky decision to sever relationships with hard-earned customers. But that’s just what an increasing number of businesses are choosing to do after taking stock of whether existing commercial relationships are worth the investment.  So what does a business do when it…

250,000 training places up for grabs on the innovation and competitiveness agenda

Value-adding food and agribusiness and advanced manufacturing are two industries in line for a share of more than 250,000 training places thanks to the Federal Government’s Industry Innovation and Competitiveness Agenda. Funded through the Agenda’s Industry Skills Fund, eligible businesses can take advantage of a range of support services including: Training grant co-contributions Business growth…

Cash rate steady at 2 per cent

The Reserve Bank of Australia (RBA) Board has kept the cash rate at 2 per cent, but flagged a potential rise by the end of the year. The Board’s decision marks the third consecutive month the rate has remained unchanged. Cessnock Chamber of Commerce President Geoff Walker said it was likely the RBA’s decision to…

From a black spot to a bright spot: Mobile coverage boost in Cessnock LGA

Mobile coverage in the Cessnock LGA is set to get a boost as the Australian Government launches the first round of its programme to address mobile black spots across the nation. The Mobile Black Spot Programme is a $385 million project to deliver 499 new or upgraded mobile base stations over the next three years.…

Budget watch 2015: $20,000 instant deduction and small business tax cuts

In the 2015 Federal Budget, the government handed down what it called “the biggest small business package in our nation’s history” by passing legislation aimed at boosting businesses with a turnover of less than $2 million. Two key measures of the package included the instant deduction on assets costing less than $20,000 and the 1.5%…