Australian women entrepreneurs are growing rapidly according to statistics.
Women are adding 'entrepreneur' to their daily list of chores by running small businesses from home.
A businesses can take 3 or 4 years to start up, and during this time may barely break even and can be most discouraging for the new entrepreneur who is wondering why things aren't going the way they imagined and the big moneyisn't coming in.So its important to have a back-up plan in case the business doesn’t catch on as quickly as you imagined. Being your own boss carries the responsibility that leaves only you to worry about financial position.
Facing your challenges whether they be financial or promotional will provide you with rewards of completely owning your own business and this is a priceless experience. Just be sure to keep it all in perspective; most women entrepreneurs don’t own Fortune 500 companies. Don’t be afraid to allow your business to stay small rather than stretching your limits to grow.
Remember, the best way to keep your motivation up and continue in positive progress is to get support by joining networks such as http://oz-entrepreneurs.blogspot.com/, flyingsolo.com.au, entrepreneur.com or we-inc.org (Women Entrepreneur, Inc.) to get helpful tips, support, encouragement and network with other female entrepreneurs.
Sunday, December 27, 2009
Wednesday, December 2, 2009
interest rates increase 3 consecutive months
yes, they have THREE months in a row!!
this is a really great way to destroy an economy that has not stabilised.
way to bring the country down Reserve bank of Australia. is there a hidden agenda in there that is not as noble as one would expect?
this is a really great way to destroy an economy that has not stabilised.
way to bring the country down Reserve bank of Australia. is there a hidden agenda in there that is not as noble as one would expect?
Thursday, September 17, 2009
Will reserve bank increase rates soon?
The Reserve Bank has given borrowers just months to get their affairs in order before a rate rise, declaring that the present low interest rates are appropriate only ''for the time being'', a qualification absent from its previous announcements and designed to indicate that a rate rise is imminent.
Treasurer Wayne Swan yesterday accepted the inevitability of a rate rise, telling reporters in Canberra ''rates are at emergency levels right now and, of course, at some stage in the future, they can be expected to move''.
The statement released after yesterday's board meeting also replaced the usual reference to the need to ''monitor conditions'' with a reference to the need to ''continue to adjust'' monetary policy, the first such reference since rates were last moved in April.
Opinion among analysts yesterday coalesced around a rate rise at the bank's November Melbourne Cup day meeting followed by another in December, pushing the bank's cash rate up from its historic low of 3 per cent to 3.5 per cent, and pushing the standard variable rate to 6.3 per cent, adding $90 per month to the cost of servicing a $300,000 mortgage.
The board of the bank is itself uncertain about the timing of the rise, but has not ruled out an earlier one next month if economic data continues to surprise on the upside.
The bank will be paying special attention to the economic growth figures for the June quarter to be released today and to the August employment figures to be released on Thursday next week as it searches for signs of a even stronger than expected recovery.
It believes Australia's economy is already performing more strongly than it expected, enabling it to move rates away from their present ''emergency setting'' in the months ahead.
If it sees signs that the economy is even stronger, it will remove the low rates more quickly. Only serious signs of renewed weakness would encourage it to leave rates at their present 50-year lows.
The bank was buoyed yesterday by news of a further 7.7 per cent increase in building approvals in July, the fifth such increase in six months. In Victoria, approvals surged 9 per cent, spurred by a 48 per cent jump in approvals for new apartment buildings.
Trade figures showed Australia's export income tumbling 13 per cent in the June quarter on the back of sharply lower prices, but export volumes were up an encouraging 1 per cent and import volumes up 2 per cent.
Mr Swan said the figures highlighted the fragility of Australia's economic recovery and cast doubt on whether today's economic growth figure would be positive. '
'We certainly hope it will be positive,'' he said. ''But what these figures absolutely underscore is the importance of keeping in place our economic stimulus.
If the stimulus were withdrawn now, as the Opposition wants, that would be a recipe for much higher unemployment.
There can be no room for complacency in the global environment in which we find ourselves.''
so the honeymoon period for property is looking like its drawing to "business as usual" for banks, stuff the investor who puts their neck on the financial guillotine in more ways than one. this attitude by Australian banks needs to cease and decist. Those who take risk are to be incouraged not cut down (LT)
Treasurer Wayne Swan yesterday accepted the inevitability of a rate rise, telling reporters in Canberra ''rates are at emergency levels right now and, of course, at some stage in the future, they can be expected to move''.
The statement released after yesterday's board meeting also replaced the usual reference to the need to ''monitor conditions'' with a reference to the need to ''continue to adjust'' monetary policy, the first such reference since rates were last moved in April.
Opinion among analysts yesterday coalesced around a rate rise at the bank's November Melbourne Cup day meeting followed by another in December, pushing the bank's cash rate up from its historic low of 3 per cent to 3.5 per cent, and pushing the standard variable rate to 6.3 per cent, adding $90 per month to the cost of servicing a $300,000 mortgage.
The board of the bank is itself uncertain about the timing of the rise, but has not ruled out an earlier one next month if economic data continues to surprise on the upside.
The bank will be paying special attention to the economic growth figures for the June quarter to be released today and to the August employment figures to be released on Thursday next week as it searches for signs of a even stronger than expected recovery.
It believes Australia's economy is already performing more strongly than it expected, enabling it to move rates away from their present ''emergency setting'' in the months ahead.
If it sees signs that the economy is even stronger, it will remove the low rates more quickly. Only serious signs of renewed weakness would encourage it to leave rates at their present 50-year lows.
The bank was buoyed yesterday by news of a further 7.7 per cent increase in building approvals in July, the fifth such increase in six months. In Victoria, approvals surged 9 per cent, spurred by a 48 per cent jump in approvals for new apartment buildings.
Trade figures showed Australia's export income tumbling 13 per cent in the June quarter on the back of sharply lower prices, but export volumes were up an encouraging 1 per cent and import volumes up 2 per cent.
Mr Swan said the figures highlighted the fragility of Australia's economic recovery and cast doubt on whether today's economic growth figure would be positive. '
'We certainly hope it will be positive,'' he said. ''But what these figures absolutely underscore is the importance of keeping in place our economic stimulus.
If the stimulus were withdrawn now, as the Opposition wants, that would be a recipe for much higher unemployment.
There can be no room for complacency in the global environment in which we find ourselves.''
so the honeymoon period for property is looking like its drawing to "business as usual" for banks, stuff the investor who puts their neck on the financial guillotine in more ways than one. this attitude by Australian banks needs to cease and decist. Those who take risk are to be incouraged not cut down (LT)
Saturday, June 6, 2009
Salamander
Starting a series of "Salamander" posts.
Why "Salamander"?
well, the mythological aspect of the salamander is the creature that comes out of the fire, much like the phoenix the bird that rises out of the ashes.
The economic time we are in is that fire that tempers the soul and pushes one to greater depths of despair or greater heights of ascension.
So, the information is for those who want to succeed in adversity.
That's me.
Is that you?
If your answer is yes, then join me on this journey....
Why "Salamander"?
well, the mythological aspect of the salamander is the creature that comes out of the fire, much like the phoenix the bird that rises out of the ashes.
The economic time we are in is that fire that tempers the soul and pushes one to greater depths of despair or greater heights of ascension.
So, the information is for those who want to succeed in adversity.
That's me.
Is that you?
If your answer is yes, then join me on this journey....
Monday, May 25, 2009
How to prevent professional isolation
This is something that is very much on my radar and a part of my business life. They say that no man is an island but as more and more entrepreneurial businesses are run from the home office isolation is a real problem that needs to be circumvented. Ros Howland from flyingsolo has this issue covered, so read on
outsiders may wonder how you can feel isolated when you've clients and suppliers to talk to and the family upstairs. But professional isolation is a soloist’s occupational hazard. Working an in new emerging industry or a regional area can compound the loneliness. I call it IPI: Incidental Professional Isolation. Simply by the pure nature of flying solo, you may lack:
peer stimulation; professional development; bouncing and brainstorming ideas; and debriefing. As a soloist you need to maintain motivation, avoid burnout and be reminded to pat yourself on the back. Here’s how being organised give you this: Break it up.Take a lunch break.Schedule it into your diary,every day. Treat it like any other appointment. As well as providing a refreshed outlook your break may also give you: People contact: meet a friend or associate, but stick to your own time frame. Completed tasks: get a couple of personal tasks done, but be sure not to get stressed! Absence: it can make the heart grow fonder. Leave your home office at lunch and love it more when you get back. Cure: time away from your screen is the best cure for releasing blocks to your creativity. Network No I’m not talking about Twitter, or Facebook! Organise your time to attend some good old face to face networking functions. Look at traditionally quiet times in your industry and schedule in events so you don't feel it’s taking you ‘away’ from business.
Be clear and organised about what you want to achieve from each function. What sort of people do you want to meet? How many business cards do you want to hand out/collect? Know how and when you will follow up on each one. Be conscious of the opportunities you are seeking and offering. Make the most of a mentor, coach, or 'action partner’ If you don't have one – get one. There are several articles on this site with advice on business mentoring. If you already have one, are you sufficiently organised to get the most from each meeting? Or do you rush madly into each one? Do you achieve all your goals in-between meetings? If not, why not? What area do you need to better organise in order to gain maximum benefit from your coaching experience? Organise exercise This, too, needs to be scheduled and treated like any other appointment. If you work at home you’re missing out on incidental exercise such as: running for the bus, using stairs and walking to the coffee shop. Organise whatever suits you, whether its walking or dancing or doing jobs around the property, leave time for this daily.
Exercise increases production of the body’s feel good hormones, which not only help you manage stress and fatigue, but they make you feel good. And when you feel good, your customers feel good! For more from Roz Howland, head to http://www.flyingsolo.com.au/, Australia's online community for solo business owners.
outsiders may wonder how you can feel isolated when you've clients and suppliers to talk to and the family upstairs. But professional isolation is a soloist’s occupational hazard. Working an in new emerging industry or a regional area can compound the loneliness. I call it IPI: Incidental Professional Isolation. Simply by the pure nature of flying solo, you may lack:
peer stimulation; professional development; bouncing and brainstorming ideas; and debriefing. As a soloist you need to maintain motivation, avoid burnout and be reminded to pat yourself on the back. Here’s how being organised give you this: Break it up.Take a lunch break.Schedule it into your diary,every day. Treat it like any other appointment. As well as providing a refreshed outlook your break may also give you: People contact: meet a friend or associate, but stick to your own time frame. Completed tasks: get a couple of personal tasks done, but be sure not to get stressed! Absence: it can make the heart grow fonder. Leave your home office at lunch and love it more when you get back. Cure: time away from your screen is the best cure for releasing blocks to your creativity. Network No I’m not talking about Twitter, or Facebook! Organise your time to attend some good old face to face networking functions. Look at traditionally quiet times in your industry and schedule in events so you don't feel it’s taking you ‘away’ from business.
Be clear and organised about what you want to achieve from each function. What sort of people do you want to meet? How many business cards do you want to hand out/collect? Know how and when you will follow up on each one. Be conscious of the opportunities you are seeking and offering. Make the most of a mentor, coach, or 'action partner’ If you don't have one – get one. There are several articles on this site with advice on business mentoring. If you already have one, are you sufficiently organised to get the most from each meeting? Or do you rush madly into each one? Do you achieve all your goals in-between meetings? If not, why not? What area do you need to better organise in order to gain maximum benefit from your coaching experience? Organise exercise This, too, needs to be scheduled and treated like any other appointment. If you work at home you’re missing out on incidental exercise such as: running for the bus, using stairs and walking to the coffee shop. Organise whatever suits you, whether its walking or dancing or doing jobs around the property, leave time for this daily.
Exercise increases production of the body’s feel good hormones, which not only help you manage stress and fatigue, but they make you feel good. And when you feel good, your customers feel good! For more from Roz Howland, head to http://www.flyingsolo.com.au/, Australia's online community for solo business owners.
Wednesday, May 13, 2009
Small businesses will receive tax relief as they struggle to cope with weakening demand brought on by recession, the federal government has announced.Construction companies will also benefit from measures unveiled in the 2009/10 budget, including a three month extension of the government's boosted first home owners scheme and a long-term $22 billion spending commitment on roads, rail and ports.The Small Business and General Business Tax Break will be increased from 30 per cent to 50 per cent for small businesses, the government said on Tuesday.The 50 per cent deduction will be available on new capital worth $1,000 or more, such as vehicles, purchased between December 13, 2008, and December 31 this year.The eligible items must be installed and ready for use by December 31, 2010."Small businesses are the engine room of the Australian economy, accounting for around 95 per cent of all businesses and around 50 per cent of the all private sector employment," the government said in the budget papers."This will further help them to invest, bolster economic acidity and support Australian jobs."The tax deductions will come at a cost of approximately $141 million to the government.Federal Treasurer Wayne Swan said the government's plan to spend $22 billion on roads, rail and ports infrastructure would also benefit business, resulting in "35,000 buildings sites springing up around the nation."
Its high speed national broadband network, which is still in the very early stages of planning, was also highlighted as a positive for small businesses, providing up to 37,00 local jobs at the peak of construction.Construction companies will derive some benefit from an extension of the government's boost to first home buyers grants.
Since October 2009, first home buyers have received an extra $7,000 when purchasing an established home, and an extra $14,000 for new homes, on top of the $7,000 provided under the first home owners scheme.The boosted grants were due to end on June 30, but will now apply for homes purchased on or before September 30 this year.
The boosted grants will then be phased down to an extra $3,500 for established homes and $7,000 for new homes up to December 31, 2009.After that point the $7,000 first home owners scheme will continues in its original form."This extension will continue to stimulate housing activity, support the construction industry and assist first home buyers to enter the housing market," the government said.The Australian Chamber of Commerce and Industry (ACCI) says there isn't much relief for business in the budget.The government is walking an economic tightrope "on a risky, high-wire act, albeit a calculated risk" and was pinning the recovery on being very short, ACCI's Chief Executive Officer Peter Anderson told reporters."The major weakness in this budget is its failure to apply substantial discipline to commonwealth spending to rein in the deficit in the event that the recession is longer or deeper than the budget forecasts."If the recession is short, then the budget may work, he said.
Business did welcome the $22 billion investment in infrastructure together with the investment allowance being extended for small business, Mr Anderson said."But on the negative there is very little in the way of sustainable relief in the costs of doing business."Meanwhile, Australian Industry Group chief executive officer Heather Ridout said the budget was supportive of the economy during tough times.It was also pressing the re-set button in a number of key areas including infrastructure, vacation and health which supported industry, she said."Just generally we think it's an important budget," she said.The Business Council of Australia (BCA) welcomed the budget's focus on education, training and infrastructure investment, but called for "aggressive" economic reforms and tough future budgets to return the country to surplus.The government must be on "permanent deficit watch", BCA chief executive Katie Lahey said."Tonight's budget confirms Australia's taxing and spending have been out of balance for some time," Ms Lahey said."We became far too reliant on corporate taxes, and far too relaxed about new spending."We need sustained fiscal discipline 365 days of the year, every year until we are back in the black, not just in the weeks leading up to the second Tuesday in May."
Its high speed national broadband network, which is still in the very early stages of planning, was also highlighted as a positive for small businesses, providing up to 37,00 local jobs at the peak of construction.Construction companies will derive some benefit from an extension of the government's boost to first home buyers grants.
Since October 2009, first home buyers have received an extra $7,000 when purchasing an established home, and an extra $14,000 for new homes, on top of the $7,000 provided under the first home owners scheme.The boosted grants were due to end on June 30, but will now apply for homes purchased on or before September 30 this year.
The boosted grants will then be phased down to an extra $3,500 for established homes and $7,000 for new homes up to December 31, 2009.After that point the $7,000 first home owners scheme will continues in its original form."This extension will continue to stimulate housing activity, support the construction industry and assist first home buyers to enter the housing market," the government said.The Australian Chamber of Commerce and Industry (ACCI) says there isn't much relief for business in the budget.The government is walking an economic tightrope "on a risky, high-wire act, albeit a calculated risk" and was pinning the recovery on being very short, ACCI's Chief Executive Officer Peter Anderson told reporters."The major weakness in this budget is its failure to apply substantial discipline to commonwealth spending to rein in the deficit in the event that the recession is longer or deeper than the budget forecasts."If the recession is short, then the budget may work, he said.
Business did welcome the $22 billion investment in infrastructure together with the investment allowance being extended for small business, Mr Anderson said."But on the negative there is very little in the way of sustainable relief in the costs of doing business."Meanwhile, Australian Industry Group chief executive officer Heather Ridout said the budget was supportive of the economy during tough times.It was also pressing the re-set button in a number of key areas including infrastructure, vacation and health which supported industry, she said."Just generally we think it's an important budget," she said.The Business Council of Australia (BCA) welcomed the budget's focus on education, training and infrastructure investment, but called for "aggressive" economic reforms and tough future budgets to return the country to surplus.The government must be on "permanent deficit watch", BCA chief executive Katie Lahey said."Tonight's budget confirms Australia's taxing and spending have been out of balance for some time," Ms Lahey said."We became far too reliant on corporate taxes, and far too relaxed about new spending."We need sustained fiscal discipline 365 days of the year, every year until we are back in the black, not just in the weeks leading up to the second Tuesday in May."
Budget for the entrepreneur
How is the budget going to influence the entrepreneur? Well if you are a property investor. We see that the vast infrastructure plan will lift activity from listed industrial companies and promote growth. However, some investors will be hit by the changes to concessional superannuation contributions.
If you are a first Home Owner the Fund will be extended by a further six months from June 30. People who enter into contracts on or before September 30 will still be eligible for a grant of $14,000 for an existing dwelling and $21,000 for a new home.
The more generous scheme will then been phased down, and end after December 31. Read more
As a small company owner I will be able to claim a 50 percent tax deduction on new capital worth $1,000 or more, such as vehicles, purchased between December 13, 2008 and December 31 this year. This is even better than the 30% tax deduction that I thought was being out into place.
Larger companies – particularly industrial and transport groups – are set to gain from the $22 billion infrastructure plan.
If you are a first Home Owner the Fund will be extended by a further six months from June 30. People who enter into contracts on or before September 30 will still be eligible for a grant of $14,000 for an existing dwelling and $21,000 for a new home.
The more generous scheme will then been phased down, and end after December 31. Read more
As a small company owner I will be able to claim a 50 percent tax deduction on new capital worth $1,000 or more, such as vehicles, purchased between December 13, 2008 and December 31 this year. This is even better than the 30% tax deduction that I thought was being out into place.
Larger companies – particularly industrial and transport groups – are set to gain from the $22 billion infrastructure plan.
Thursday, March 12, 2009
Property development
the Australian property market has over the last decade or so been strangled by beaurocratic red tape and high expences for the developer. The large developers have ways of getting around the excessive costs via ways that the small time developer has not access to.
As a small time developer I have had unrealisric demands by council and expences that i have not been able to cover without sending myself broke and that is not what I am intending to do.
My intenetion has been to build affordable housing that becomes a win, win, win, win situation for myself the developer, for the council to receive more rates, for the government to have more housing for people to live in and for the tennant who has a lovely new residence.
The question is, "will council pull their heads in and start encouraging small building developments rather than obstructing them?"
With the economy not heading in a positive direction these issues must be addressed and acted upon by government and councils IMMEDIATELY.
Council is to encourage those who have an entrepreneurial streak and smooth the way for them to help them to recussitate the economy.
As a small time developer I have had unrealisric demands by council and expences that i have not been able to cover without sending myself broke and that is not what I am intending to do.
My intenetion has been to build affordable housing that becomes a win, win, win, win situation for myself the developer, for the council to receive more rates, for the government to have more housing for people to live in and for the tennant who has a lovely new residence.
The question is, "will council pull their heads in and start encouraging small building developments rather than obstructing them?"
With the economy not heading in a positive direction these issues must be addressed and acted upon by government and councils IMMEDIATELY.
Council is to encourage those who have an entrepreneurial streak and smooth the way for them to help them to recussitate the economy.
Thursday, February 12, 2009
commitment & clarity
Being an entrepreneur requires a certain mind set and commitment in order to achieve a positive end result.
Each of us has a file on wealth in our mind. This file contains our personal beliefs that include why being wealthy would be great. But for many people, their file also includes information as to why being rich might not be so great. These people have mixed internal messages around money and especially wealth.
In fact, the #1 reason most people don't get what they want is they don't know what they want. Rich people are totally clear they want wealth. They are unwavering in their desire. They are fully committed to creating wealth. They will do "whatever it takes" to have wealth as long as it's moral, legal and ethical. Rich people do not send mixed messages to the universe. Poor people do.
You have to believe in your heart you can do it and you deserve it. If you are not fully committed to creating wealth, chances are you won't.
Each of us has a file on wealth in our mind. This file contains our personal beliefs that include why being wealthy would be great. But for many people, their file also includes information as to why being rich might not be so great. These people have mixed internal messages around money and especially wealth.
In fact, the #1 reason most people don't get what they want is they don't know what they want. Rich people are totally clear they want wealth. They are unwavering in their desire. They are fully committed to creating wealth. They will do "whatever it takes" to have wealth as long as it's moral, legal and ethical. Rich people do not send mixed messages to the universe. Poor people do.
You have to believe in your heart you can do it and you deserve it. If you are not fully committed to creating wealth, chances are you won't.
Thursday, January 22, 2009
A brave new beginning
This blog is for women and supportive men in Australia who have an entrepreneurial streak running through their hearts and in their lives.
a space where we can network, share experiences ask for help and just generally interact with other women who are entrepreneurs in Australia with links to the Global network.
Share your dream of your future and allow it to materialise, whether its in the area of business, artistic creativity or innovative thought.
a space where we can network, share experiences ask for help and just generally interact with other women who are entrepreneurs in Australia with links to the Global network.
Share your dream of your future and allow it to materialise, whether its in the area of business, artistic creativity or innovative thought.
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