Toyota Corolla Turns 50 – Say Happy Birth Day

In 5th of November 1966, the first Toyota Corolla went on sale in Japan. For the last 50 years they Toyota sold around 44.3 million Toyota Corollas. It is arguably the most loved car around the globe, and it is the best selling car too.

Toyota Corolla Birth day
Toyota Corolla Birth day

It’s people’s car. We can say it’s a family car too. The core value of Toyota Corolla is to build a superior quality, reliable and durable car.

Australia was the first country to receive exported Corollas. Just 15 arrived in the first shipment in November 1966 and didn’t go on sale until 1967 and the local production of Toyota Corolla started in 1968.

Toyota Corolla is mostly famous for its durability and fuel economy. Compare to other cars with same options and luxury. The price also very low. In most of an Asian countries, the valuve of the Corolla is going head to head with German cars like BMW. Beacuse, they think, being a reliable and easy to maintain car is worth than buying an expensive BMW.

Australians are expected to spend $9.77 billion dollars on Christmas gifts in 2016

According to Finder.com.au‘s  research. Data shows that we are about to spend $9.77 billion on Christmas gifts. Compare to the last year it is 28% increase.

They conducted the survey among 2,500 Australians and gather this stats.

“With unemployment at the lowest level in three years and interest rates at an all-time low, Australian shoppers are feeling confident and generous, “ Bessie Hassan, Money Expert at Finder.com.au said in a release.

State by State spending chart.

christmas spending
christmas-spending

However, how businesses should get excited from this data. It means around 10% to 20% increase in your sales this year. If you are in the gift market or sell consumer products directly, this is a big opportunity for everyone.

How to target these big spenders?

The best way to target this market is Social Media. You should start running Facebook and Instagram Ads as soon as possible. It is an excellent medium to reach consumers for an affordable price. Instagram introduced New Instagram Product tagging feature. you can use this feature to get more out of Social media.

Related : New Instagram product tagging may change e-commerce

New Instagram product tagging may change e-commerce

Yesterday Instagram released the big news about Instagram Product Tagging. In a blog post titled “Shopping Coming to Instagram“.They announce the big update.

https://vimeo.com/189697603

They start testing the market by asking 20 US based online retailers to start tagging the products. They mentioned, “retail brands including Kate Spade, JackThreads and Warby Parker will share posts that have more depth, making it easier for Instagrammers to review, learn about and consider the items that interest them.”

Related : You can order food from Facebook

All the shopping platform like, Shopify, Big-Commerce will be taking a major hit from this update. With this new e-commerce module, people will about to start selling on Instagram without a need of a website. Also, Classified and online retailers like eBay and Amazone also affected by this update.

What’s in for Australian online retailers?

If you are running an online retail store and you have a big following on Instagram. You are one of the luckiest business owners. You can sell directly from your Instagram posts. No more Google AdWords to pay. Hopefully, Instagram will allow you to tag old posts you already submitted.
One of the Lucky retailers, the owner of Jack Threads mentioned “Our community uses Instagram as an aspirational discovery platform, and they’re looking to us for inspiration. This test is going to change the scope of what we, like retailers, are capable of offering on mobile. Instead of having to transition over to the JackThreads app, our customers will be able to shop seamlessly from their social media feeds—allowing us to reach guys where they’re already hunting for what’s new.

Related : This 23 years old entrepreneur sold 3.3 million worth waist trainers in one year.

Pumpkin Patch collapses into receivership, Good luck with your Gift cards.

One of the Australias largest children’s clothing store Pumpkin Patch went into receivership yesterday.

In a statement to the market on Friday, October 21, chairman Peter Schuyt and managing director Luke Bunt said the company’s “ability to move forward from here is impacted by the lack of available capital for debt reduction and reinvestment”.

Yesterday (26th Oct 2016) company announced the news of moving into voluntary administration with considerable regret.

Around 1:30 Pm 26th 2016, Pumpkin Patch Securities was suspended from the New Zealand stock exchange.

According to smart companies. Andrew Grenfell and Conor McElhinney of McGrath Nicol were appointed as voluntary administrators, while the Pumpkin path’s bank appointed Neale Jackson and Brendon Gibson of KordaMentha New Zealand as receivers.

Related Article: Debtor Finance

What happened to gift Card holders?

Whenever a big retail store went to the receivership of voluntary administration, their first move is to stop or ignore Gift cards. We have seen this when Dick Smith went into receivership. However, with Pumpkin Patch, they have decided to accept Gift cards for Dollar to Dollar basis. It mean’s you need to buy $100 of items to use your $50 gift card and pay another $50 cash.

What happens to employees?

Sooner or later there will be Job losses. However, according to the receivers, The staff will be paid for their services and Australian staff will get their entitlements under relevant legislation. All the decision will be in favour of the team.
We think the fall started in 2012 when they exit from UK market. Then in 2015 company tried to sell itself, but never able to close the deal. In 2016 the company reported $20.3 Million loss. It is a sorrowful news for a company with 117 stores across Australia and 42 shops in New Zealand.

Who are the Australian Fintech firms listed in 2016 Global Fintech 100

Australia is one of the fastest Fintech growing hubs in the world. Sydney holds the most of the big names and Sydney has the potential of becoming the Fintech hub of Asia Pacific.

Pay by apple atch
Image Source : http://www.businesscomputingworld.co.uk/

Every year H2 Ventures and KPMG come together and release the “Fintech 100” it’s a list consist of most innovative and fastest growing Fintech companies of the world. Most Fintech companies dream to get into this list, as it enables more opportunities to find investors and more press coverage.

About the Fintech 100 list

“The Fintech100 is a collaborative effort between H2 Ventures and KPMG and analyses the Fintech space globally. The annual report highlights those companies globally that are taking advantage of technology and driving disruption within the financial services industry. A judging panel comprised of H2 Ventures and KPMG was used to decide on the final composition of the Fintech100 list.”
Source : https://h2.vc/reports/fintechinnovators/about/2016/

So, Who are the proud Australian Fintech Firms made into the list?

Establish Australian Fintech companies

  • Prospa (Global ranking: 31)
  • Tyro (Global ranking: 43)
  • Society One (Global ranking: 50)

Emerging Australian Fintech Companies

  • HashChing
  • Afterpay
  • Brighte
  • Data Republic
  • Spriggy

Props founder and Chief executive told StartupSmart “We’re the highest ranking Australian-only business and for us as a company, it’s really satisfying to be leading the charge for the Australian Fintech community,”
Source : http://www.smartcompany.com.au/finance/77305-nine-australian-fintechs-recognised-world-leaders-next-tech-giants-stripe-xero-square/

What’s happening in the Fintech World?

China is getting into it – Yes, Chinese Fintech market is growing faster. Three years ago they only had one Fintech firm made into the FIntech 100 list, and now they have 13 companies in the Fintech 100 list. This sis a big move from China and it’s a clear indication that they invest more money in Fintech.

Order food and buy tickets directly from Facebook – Game changer for Business Owners

Today Facebook announced the latest add-on to their system. Soon you will be able to order food, Request appointments, Get quotes and buy tickets using Facebook pages of businesses.

From a Facebook newsroom announcement, they mentioned about the new changes. New changes will be active in the US from today and will roll out in Australia after few weeks.

Source : Facebook
Source : Facebook

Order food: You can now order food from restaurants directly from their Facebook Pages. Just click “Start Order” on any restaurant’s Facebook Page that uses Delivery.com or Slice.

Request an appointment: For local businesses that require you to book an appointment, such as spas and salons, you can now request a time via the business’ Facebook Page and view their entire slate of services and offerings. They’ll then get back to you on Messenger to confirm your appointment.

Get a quote: Some local business Pages will now have a “Get Quote” button at the top that lets you easily and quickly requests a quote from the firm.

Get tickets to movies and events: For many new movies this fall, you can buy movie tickets straight from their Facebook Pages via Fandango. In partnership with Ticketmaster and Eventbrite, we’re also making it possible for people to get tickets to other events — free or paid — directly from the event page on Facebook.

What does this mean for your business?

If you are running a store or shop, Which required to take orders, appointments or provide quotations. You don’t need to have high-end websites anymore. Facebook will handle all the technicality of it.

For most Australian businesses, Facebook already did a quite amazing job by generating traffic and allowing reviews. Caompair to Google Adwords, Facebook’s cost per click is very lower. However, Facebook not for all the businesses. If you are running a B2B business, then you have to go for a more sophisticated and more targetted advertising like Google AdWords.

Why this women awarded $300,000 by Kmart Australia – Chair incident

Lessons to learn from Kmart chair incident.

Most retail businesses need to be very causes of health and safety of employees and customers. if something went wrong, they could end up in caught and  they will be fined by the court.

Today, smh.com.au reported about a woman (Julie Ann Lewis ) who awarded $300,000 by Kmart for the incident happened in the Kmart Store.

via GIPHY

Lewis was sitting on a chair inside Kmart while she’s waiting for her pictures to be printed. However, those chairs are display chairs and they were not supposed to sit. many people sit on the chairs while they wait for pictures to be printed.

Related Story : This man successfully sues Domino’s over pizza order and received $1203.27

unfortunately, the chair she was sitting on suddenly gave away with one of the bag legs snapping off entirely. According to smh.com.au

“All of a sudden I went down,” Lewis told the court.

Lewis filed a case against Kmart for breaching its own store policies and duty of care. She was awarded $300,000 in damages, to go towards on her medical bills and future wage loss.

Since we have so many Small business owners reading this website. we would like to remind you of having relevant insurance policies in place and taken extra care of clients.

Also, as an SME owner, you should be careful of  Unfair Dismissal and other employee related matters too. always review employee wages and make sure you are paying them the correct amount and make sure their health and safty is number one.

 

Millions of taxpayer dollars spent on training staff at McDonalds : Channel 7 NEWS

Yes, you read it correctly. Every year millions of taxpayer money spent on training McDonalds staff and other big corporations. Today smh.com.au publish an article and Channel 7 also reviled this.

NSW government has given  million of Tax payer (Small business owners & hard working people) money  to train their staff.

Green reveals that NSW government paid $1,809,485 to Mc Donalds to train their staff under vocational education and training.  Green request this information under the freedom of information facility/Act.

mc donalds tax scam
mc Donald’s TAX story : 7 News

According to SMH.com.au

Government funding for vocational training is contestable, meaning the public provider TAFE has to compete with private providers for government funding. NSW embraced the funding model after it was introduced in Victoria.

Funny thing is, State government cut funding to TAFe, because they need to keep give money to McDonalds. NSW teachers federation president said to channel 7 it was time to put a cap on the amount of public money being handed to these multi-million organizations.

since the news break the media today. the Labour spokesmen for skill and training said Government could afford to provide money to McDonalds to train its staff “Surely they can afford to stop sacking our TAFE teachers”

Below is the list of corporations getting paid by NSW government to train their own staff.

Private Provider payments for contestable vocational education and training in the 2015/16 financial year:

Vision Training Institute Pty Ltd: $4,680,901.44

Wise Education Group Limited: $4,488,566.77

Benchmark Resources Pty Ltd: $3,149,824.14

ASH Pty Ltd: $3,141,455.59

United World College Pty Ltd: $3,063,138.15

Reach for Training Pty Ltd: $3,050,883.26

Tactical Training Group Pty Ltd: $2,736,018.92

NSW Dept of Primary Industries: $2,596,405.23

Australian College of Commerce: $2,425,203.79

Training Specialists (Australia): $1,991,110.47

Train Australia Pty Ltd: $1,903,039.18

Mcdonald’s Australia Ltd: $1,809,485.67

Verto Ltd: $1,701,285.84

Australian Retailers Association: $1,622,800.61

Novaskil I: $1,606,382.27

Applied Training Solutions Pty Ltd: $1,555,209.26

TSA The Training Company: $1,531,804.64

Acacia Group Ltd: $1,495,635.61

Enterprise & Training Company Ltd: $1,469,517.27

Masters in Building Training P/L: $1,398,161.54

Learning Sphere Training Solutions: $1,340,497.03

Hume Learning Institute Pty Ltd: $1,275,917.73

Response Consulting Australia: $1,263,049.14

Illawarra Area Child Care Ltd: $1,214,463.32

Macquarie Employment Training: $1,110,941.36

The Quality Training Company Pty: $1,079,123.78

NSW Health: $1,029,974.01

Source: NSW Government figures obtained by NSW Greens through freedom of information

Melbourne Launches World-Class Free Wi-Fi Network

The victorian government released a statement announcing the Free WiFi network rolled out around the Melbourne city.

Minister for Small Business, Innovation and Trade Philip Dalidakis joined City of Melbourne’s Chief Digital Officer Michelle Fitzgerald at Southern Cross Station to announce the first of many Wi-Fi access points to be rolled-out across Melbourne as part of the Andrews Labor Government’s $11 million Victorian Free Wi-Fi Pilot.

Source : http://www.premier.vic.gov.au/

Free WiFi in Melb
Free WiFi in Melb

Once the Free WiFi network is finished it will cover around 600,000 square meters across three cities.  the network has been running in Bendigo and Ballarat areas since December 2015. According to t he minister, the quality of the Free WiFi network will  equivalent to  the Wi-Fi networks of New York, London and San Francisco.

This project is going to be a 5 year project to cover all 600,000 square meters. an interactive map of active access points is available at http://www.vic.gov.au/wifi

 

UberEat and get your FREE $20 promo code

If you based in Sydney and close to the city, you might already order from UberEats. it is an App from famous ride-share company Uber.

Basically, the App allows you to order from various signed restaurants closer to you and they deliver the food using uber riders.

Use Our Coupon Code to get $20 off from your order =  eats-donh3517ue

Currently, they introduced Promo code to get Free $20 worth of food by referring people to the App. normally both referrer and receiver both get $20 on their UberEat account and they can use $20 to order food.

Uber used this method to their Uber Taxi and it really worked. most silicon valley companies like DropBox use this method to gain faster user registrations. UberEarts spending average $40 to gain new register using this method.

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