Zoe's Business Solutions

 Hi Everyone, The best way of starting a business is planning for it. This is the reason why you need to create a business plan. In addition to the plan, you need to identify the business model you will need to create value from the entity. There are various types of models ranging from retailer and manufacturer to fee for service, distributor, subscription and marketplace. Many of the young entrepreneurs have been using the marketplaces like Amazon and eBay to generate a passive income. I started my business as a manufacturer and then became a distributor and am now thinking about franchising. To know about these models in detail, you must read the article shared below.  https://www.business2sell.com.au/blogs/evaluation/what-is-a-business-model-with-types-and-examples

 A listed craft beverage business that owns 10 per cent of in-administration Ballistic Beer Company today told shareholders it has achieved its first ever cash flow-positive quarter as revenue nearly doubled. Melbourne-based Mighty Craft (ASX: MCL) is now profitable with operating net cash inflows of $1.6 million in the December quarter, while unaudited group revenue rose by 91 per cent year-on-year to $31.2 million, particularly buoyed by strong sales of its Better Beer craft beer brand which launched in October 2021. Better Beer achieved record sales in the period, with 3.2 million litres sold (a whopping 687 per cent increase on Q2 FY22), meaning the brand has now achieved in excess of $50 million in retail sales value in the last 12 months. Read More: https://www.businessnewsaustralia.com/articles/craft-beverage-company-mighty-craft-sees-quarterly-revenue-nearly-double.html

 The private investment firm of Australian billionaire Dr Andrew 'Twiggy' Forrest and his wife Nicola has acquired a minority stake in Sydney-based luxury fashion brand CAMILLA in a deal that is understood to be worth roughly $40 million. Tattarang’s capital injection marks the first time CAMILLA has made an investment partnership since it was launched in 2004 by Camilla Franks at Australian Fashion Week. Best known for its distinctive prints and bold designs, the fashion brand is sold across 65 countries, boasting 22 boutiques in Australia and three in the US. Read More: https://www.businessnewsaustralia.com/articles/forrest-familys-tattarang-backs-fashion-label-camilla.html

 With more than 328,000 customers and two million pet care services provided since it was established in 2014, Mad Paws (ASX: MPA) is a true blue Australian success story. But it didn’t become the top dog overnight according to co-founder Alexis Soulopoulos, who deployed ingenious early-stage growth strategies in the company’s first year which sometimes worked, and sometimes flopped. However, this process of trial and error taught the entrepreneur some valuable lessons and helped him learn how to focus on the most important growth metrics fresh startups need to have top of mind. Read More: https://www.businessnewsaustralia.com/articles/mad-paws-co-founder-dishes-out-the--growth-hacking--do-s-and-don-t-s-for-early-stage-businesses.html

 Hey All, I have been working setting up the payroll for my business as I hired a few employees this month. It has been a complex thing to understand so I took the help of a professional bookkeeper to assist in the process. I have collected all the information about my employees and regulated their working hours to identify their minimum wages and benefits. I have also got payroll management software to track every payment and file payroll taxes with the ATO on time without incurring any penalties and audits. It is quite straightforward if you get the tool that automates the whole process. Here is an article that will help you understand the setting up of payroll in Victoria. https://www.agibookkeeping.com.au/how-to-set-up-a-payroll-system-for-your-small-business/

 Employers — from supermarkets to big corporates — are giving staff the choice to work on Australia Day, despite January 26 being a public holiday. The move comes as companies recognise "January 26 is not a day of celebration" and are giving workers the option "out of respect for all First Nations peoples". Prime Minister Anthony Albanese says it is a matter between an employee and their employer. So, if I want I to work, what do the rules say and what I need to know? Let's take a look.  What are the rules? Public holidays fall under the National Employment standards and there is lots of information out there if you don't want to work a public holiday.  Read More: https://www.abc.net.au/news/2023-01-23/employees-given-choice-to-work-on-australia-day/101870964

 Aussie tennis star Nick Kyrgios has taken an equity interest in a new ‘no sugar’ probiotic soft drink developed by Melbourne company Gen U Brands, coming aboard to help the company take the product to a global market. The soft drink, known as ALIVE, has already had a soft launch with Gen U Brands CEO Andrew Blew revealing to Business News Australia that it has been taken up by Coles Express and 200 independent stores, including petrol and convenience outlets in the past couple of months. “Since we’ve been promoting the brand externally over the past two weeks, we now have meetings coming up with Coles (ASX: COL) and Woolworths (ASX: WOW),” Blew says. Read More: https://www.businessnewsaustralia.com/articles/kyrgios-takes-equity-stake-in-gen-u-brands---no-sugar--soft-drink-start-up--alive.html

 Australia’s National Centre for Asia Capability at the University of Melbourne says countries like Thailand are more than just a holiday destination and should be on the radar of small and medium sized businesses looking to export and capitalise on fast growing economies. Chief Executive of Asia Link Business, Leigh Howard says while thawing relations with Beijing have put China back on the agenda, large consumer markets closer to home have caught the attention of Australian businesses looking for the next wave of opportunities.  From a thriving new fintech sector in Vietnam to Indonesia’s emerging global powerhouse with a thirst for services and innovation, Australian businesses need to double down and gain understanding of these markets or risk missing out on opportunities with our nearest neighbours. Read More: https://www.businessnewsaustralia.com/articles/five-export-markets-every-aussie-business-should-know-about.html

 Hello friends, Over the years, I have moved to many houses and it has made me kind of a pro at relocations. Through experience I have also learned who to identify a good removals company in Gold Coast. Therefore, today, I am sharing with you’re a useful article about 10 questions to ask from a moving company before hiring them. It has valuable insights that can benefit not only people who are moving for the first time but those as well who have moved before. Having reliable removalists will help you manage the move excellently. So, please read the article now. https://www.betterremovalistsgoldcoast.com.au/10-most-important-questions-to-ask-your-moving-company/

 Shares in online creative marketplace Redbubble Group (ASX: RBL) have dived this morning in response to a trading update detailing a major cost cutting program and the letting go of one in five of the group’s marketplace employees. Announced today, Redbubble will implement initiatives that are expected to reduce the company’s cost base by between $20 million and $25 million in an attempt to make the company cash flow positive by the end of 2023. However, investors do not appear to be buying into RBL’s plans as shares dived by more than 10 per cent in early trade, piling on further woes for the company which has seen its share price deteriorate from $1.50 in mid-August 2022 to just 52 cents today. Read More: https://www.businessnewsaustralia.com/articles/redbubble-shares-slammed-after-one-in-five-marketplace-staff-let-go.html

 Rayleen Brown has conquered many hurdles to set up a small catering business, and now she may face one of her biggest yet: getting a loan from Australia's private finance sector. "I've always been a bit afraid to go into that space," she says. The Arrernte and Ngangiwumirri woman started out many years ago with a business that pioneered bush foods in the Northern Territory. Knowing many people's reluctance to native ingredients, Rayleen and her co-founder Gina infused baked goods with desert quandong and found ways to use marinade recipes passed down by her father's kin. Read More: https://www.abc.net.au/news/2023-01-18/first-nations-business-finance-growth-banking-racism/101775274

 Electric vehicle (EV) fast charger manufacturer Tritium (NASDAQ: DCFC) went on a vertiginous ride in 2022 with its shares plunging 81 per cent by the year's end, losing its unicorn status as sourcing parts and staff proved difficult, gross margins were in negative territory and users complained about faulty machines in Australia. But in the Brisbane-based company's first announcements of 2023 there has been at least a jolt of optimism, including a record order from BP for fleets and the general public in the United States, the United Kingdom, Europe, and Australia. Read More: https://www.businessnewsaustralia.com/articles/ev-charger-tritium-expects-sales-to-double-in-2023--receives-record-order-from-bp.html

 Hi Everyone, Outsourcing significant tasks is easier said than done. You have to first look for a qualified and experienced freelancer or third party for the job. They should fit into your budget and be ready to work on your timeline. Many of them are not even free to take up another project. So, you have to wait but during this time you can find your own recruitment candidate. I don’t have anything against outsourcing. It works well for several small businesses. However, I am too scared of the risk involved. To know more about the pros and cons of outsourcing business tasks to contractors, you must read the article shared below.     https://www.business2sell.com.au/blogs/evaluation/pros-and-cons-of-outsourcing-significant-tasks-for-a-small-busine

 Iconic music retailer Sanity will close its remaining physical stores in Australia this year after more than 40 years of operation. The company said it will close its 50 remaining brick-and-mortar stores by the end of April 2023. Founded by retailer Brett Blundy in 1980, the chain grew to include more than 230 stores across Australia by the year 2000. Current owner Ray Itaoui said the growth of digital music consumption in recent years had forced the company's hand. Read More: https://www.abc.net.au/news/2023-01-04/sanity-to-close-remaining-stores/101826882

 After spending seven years building the foundations of vegan beauty and lifestyle retailer Flora & Fauna, Julie Mathers sold her business for around $30 million to natural products player BWX (ASX: BWS) last year. A successful self-made businesswoman, Mathers tells Business News Australia she initially reached out to investors for capital, but was approached with an offer that forced her to assess the value of her thriving e-commerce brand and whether she was willing to keep it. “Originally, I was looking for investment. We'd spoken to private equity players. BWX heard I was doing that and then approached me with the offer to buy us outright," says Mathers, who will share all the details of her journey at the intimate E2E Summit on 16-17 February at the ivy in Sydney. Read More: https://www.businessnewsaustralia.com/articles/-take-the-emotion-out-of-it---julie-mathers-on-selling-flora---fauna-for--30m.html

 It's the question that most Australians want an answer to. Are house prices going to keep falling in 2023? For those in the property market — who saw their home values jump more than 20 per cent during the pandemic – further falls won't be welcomed. Australian housing is valued at about $9.4 trillion. As property research firm CoreLogic points out, this is almost three times the value of Australian superannuation funds and more than three times the value of Australian listed stocks. Read More: https://www.abc.net.au/news/2023-01-04/house-price-falls-2023-reserve-bank-hikes-vs-cuts-interest-rates/101823534