Businesses are not, despite what new laws may say, human but the people who run them are. For over a hundred years and increasingly so over the past few decades, the people who have run large businesses have been caught making decisions that are morally and ethically corrupt, greedy, ruthless, and even cruel in the name of turning a bigger profit. The dire need for safety, damage control and the simple fact that regulations protect the lives of employees and those effected by large companies actions all point to the fact that businesses need to be regulated. Here are ten unfortunate examples of why businesses need to be regulated. next prev
The Internet is the greatest tool available to any business, but the majority of Aussie business owners still don’t know how to make the most of it.
Australian Bureau of Statistics data shows the SMB community (fewer than 200 staff) comprises some 99% of all businesses in Australia. It also employs 65% of the workforce – or 2.8 million people.
In purely economic terms, small business contributes approximately 20% of Australia’s gross domestic product (GDP).
What’s shocking then, is that 35% of all SMBs have reported a decrease in profitability in recent years.
Research from PayPal Australia indicates that the low levels of digital literacy plaguing the sector could be a significant factor behind the problem.
The brand new findings released by PayPal this week in its Digital Literacy Among Small Business in Australia reveal:
- 3 in 5 SME owners stated that low levels of digital literacy are preventing them from running their businesses more efficiently;
- 79 per cent said they need more help and guidance to embrace the digital economy;
- Only half (51%) have actively tried to improve their digital literacy
The key finding to emerge was the majority of SMBs do not utilise digital and mobile technologies to grow their business – and the reason is that they don’t know how.
Disturbingly, only a third (34%) list their contact details online. Despite the
If you pay your bills on time, you can improve your credit scores — it can be that simple.
Now, for someone who has irregular income or is dealing with unemployment, this can be tricky, but someone with regular paychecks should be able to pay the bills on time. Payment history has a big impact on your credit scores, so if you’re looking for a place to start when improving your numbers, it’s a good one.
When it comes to the absolutely teeniest, tiniest thing you can do to improve your credit scores, you need to know where you currently stand. While organizing your financial information may not have a direct impact on your credit scores (sorry, scoring models don’t have a category for effort), it makes everything easier.
In order to pay balances on time, you have to know when they’re due. Make sure
Banks are the safe haven for parking one’s money and debit cards are a boon to avoid carrying bulky purses and wallets while also ensuring increased saving. However, banks have strict regulations which have been put in place to protect their own interest as well as those of the customer. If the customer breaks any of the regulations they are levied a penalty which can be an expensive affair and eat into the profit you earn in the form of interest when you maintain a balance in the savings bank account.
We discuss here the bad money practices that might invite additional bank fees
Withdrawing Over the Minimum Balance Limit
Although some banks have the option of a zero balance savings bank accounts, there are many private banks that expect the customer to hold a quarterly balance of Rs. 10,000. I
The fourth-quarter numbers released Thursday by the research firms Gartner Inc. and International Data Corp. serve as the latest testament to the growing popularity of smartphones and tablet computers. The mobile devices are typically less expensive than PCs and more convenient to use than clunky desktops, making them appealing alternatives to go online for work, entertainment, information and communications.
Gartner cited the mobile shift as the main reason for a 7 percent drop in worldwide PC sales from the previous year during the three months ending in December, a period when the demand for electronics is at its peak. It marks the seventh consecutive quarter of decreasing PC sales.
IDC came up with a slightly different figure. By its calculations, worldwide PC shipments slipped by nearly 6 percent during the fourth quarter.
For all of last year, PC sales plunged 10 percent, according to both Gartner and IDC.
UBS held the 2014 economic outlook press conference yesterday. Pu Yonghao , Hong Kong-based UBS AG regional chief investment officer, said he expected the greenback to gain momentum in the coming year, and that gold investors would not return to the market soon. Therefore, Pu is cautious about gold prices in 2014.
Moody’s has recently reduced its prediction for the average price of gold and silver in 2014 and beyond to US$1,100 per ounce and US$18 per ounce, respectively.
“These lower price expectations reflect significant deterioration … and fundamentals that seem unfavorable over the next couple of years as the global economy maintains forward momentum, governments unwind various stimulus programs and the threat of inflation remains subdued in most major economies,” Moody’s said.