How does your business feel about artificial intelligence (AI)? Is it a friend, foe, or both, particularly when it comes to cybersecurity? A recent Australian conference heard SMEs need to embrace AI or be left behind. Workday’s Global Study of AI in business found that nine out of 10 businesses they surveyed used this technology to manage people, […]
In a perfect world, your work vehicles would always be available when needed. However, business owners know that’s never the case. But the budget that small-to-medium-sized businesses allocate for downtime is just one- eighth of what’s typically needed. Here are our tips so your business can improve the time vehicles are ready for operation. Tip […]
Disease can take a huge toll on your livestock and farming operations. But did you know that on-farm strategies to prevent endemic diseases are inconsistent throughout Australia, particularly for cattle graziers? This article is your guide to risk management for livestock disease, not just for cattle. The increasing susceptibility to diseases Increasing trade and transport networks across […]
The cost of living has been a struggle for Australian businesses and households. Added to this, expect home insurance to rise, typically by about 10%. We’ll share our tips on reducing the hit to your hip pocket, while still ensuring appropriate coverage. Why premiums are increasing The cost of claims is increasing both in terms […]
Resilience skills help businesses in crises, such as during the pandemic, but also outside of those times. Resilience is being able to evaluate, identify, and address challenges as swiftly as possible to achieve a good outcome. It’s good to know Australian SMEs have more support to deal with whatever disaster lands their way. Govt invests […]
With spring around the corner, it’s a great opportunity to start spring cleaning for your business. Evaluating your operations at the start of the second quarter allows you to tweak and transform in ways that may pay off for the rest of the financial year. Tip #1: Review your inventory With supply chain disruptions continuing, […]
The options for buying pre-loved equipment for your business can be plentiful. They could include online marketplaces, retail, direct from an owner, via auctions or brokers. Maybe the gear is still within warranty or has been reconditioned, rebuilt, or is sold as is. The Ritchie Bros Annual Market Trends Report shows Australian figures for 2022 increased from […]
As a service-based business operator, you typically enjoy lower running costs than those selling products. Instead, you offer intangibles, such as skills, expertise and time. However, you’ll still need to manage your risk profile. Here’s how professional indemnity cover helps shield your business from potential risks and exposures. Service-Based Businesses’ Risks and Exposures Consider how […]
It’s important to keep the environmental risks of your building projects to a minimum. Here’s a checklist to help you manage these factors. Risk #1: Flooding Understand historical flood patterns and future flood maps. Keep an eye on expanding urbanisation. Buildings and sealed surfaces will impact natural water flows and create stormwater. , that could lead […]
As a business owner, you know how important it is to maintain the safety of your work fleet and have clear policies for staff using them. The cost of fleet accidents The social and economic costs of all road crashes in Australia are more than $30 billion each year, according to the Bureau of Infrastructure and […]
