Australia’s net new businesses growth rate up 0.4 per cent

RSM_Bird_Cameron_Logo@2xJune 17, 2014 – Australia’s net rate of business creation grew by just 0.4 per cent in the year to 2013*, with the creation of 9,000 new companies, according to a global survey of official data by RSM, the seventh largest global network of independent audit, tax and advisory firms.

Enterprise births and deaths in Australia diverged in 2008-09, producing net company formation of over 74,000 companies. Rates then converged on a downward trend, with new company entries marginally surpassing exits between 2010 and 2012.

Neil Cribb, Partner and National Head of the Turnaround & Insolvency Group of RSM Bird Cameron, said: “Notwithstanding an economic environment with falling interest rates to historical lows in the first quarter of 2013/14, going forward we would expect to see a continuing decline in net business creation.  This comes as a result of the continuing pressure of high operating costs for most Australian businesses (particularly when compared to our Asian neighbours). A particular case in hand the manufacturing sector as evidenced by the necessary restructure of the Australian motor vehicle industry, which has struggled to be competitive over an extended period even with extensive industry and government consultation and support.” Read more ❯

Australia lagging behind in business creation

RSM_Bird_Cameron_Logo@2xJuly 29, 2013 – Australia is lagging behind in business creation, according to figures from global research by RSM, the seventh largest global network of independent audit, tax and consulting firms. RSM studied data on business ‘births’ and ‘deaths’ over the last five years in 35 countries across its international network. Australia ranks 23rd on the list, trailing behind other Asian countries like Hong Kong, China, Singapore, India and New Zealand.

Over the last five years*, Australia has seen a net gain of 58,000 businesses, an annual compound growth rate of 0.7 per cent. This puts Australia on par with the UK (0.7 per cent growth rate) and ahead of the US, which had only a 0.3 growth rate.

According to RSM, whilst some governments around the world have been looking for ways to stimulate entrepreneurship in the wake of the financial crisis, others have been slower to respond. The research clearly shows that with businesses around the globe facing a variety of challenges including regulation and compliance changes, tighter financing requirements and rising commodity prices, more needs to be done to boost business creation and survival.
Read more ❯

Polycom SpectraLink 8400 series available now in Australia

Melbourne, August 9, 2011Wavelink, distributors of Polycom’s voice communications solutions, has announced the availability of Polycom’s next-generation Polycom® SpectraLink® 8400 series handsets for wireless voice and data applications in Australia.

The Polycom SpectraLink 8400 series are the first in the industry to feature:
* a revolutionary standards-based application platform
* the most reliable form factor for enterprise use
* an integrated barcode reader
* Polycom’s renowned voice quality
* the industry’s broadest interoperability with 802.11a/b/g/n wireless infrastructure and market-leading unified communications (UC) platforms.

The SpectraLink 8400 series handsets are designed to improve productivity and responsiveness of mobile workers, meeting the critical communication needs in the healthcare, logistics, and retail industries, and deliver the industry’s lowest total cost of ownership – up to 33 per cent lower than competing systems.

Ilan Rubin, managing director, Wavelink, said, “The SpectraLink 8400 series is set to transform mobile UC in the workplace by providing voice and data over Wi-Fi capabilities letting companies leverage existing networks and giving employees real-time connectivity for data applications. Read more ❯

SME owners still optimistic but not retiring any time soon

Perth, July 6, 2010 – Accounting firm RSM Bird Cameron’s fourth thinkBIG benchmark study into Australia’s small-to-medium enterprises (SMEs) found that, for the second year in a row, one in five SME owners have delayed their exit date from their business because of economic uncertainty.

Business owners reported little change in their plans to exit the business from 2009, with more owners expecting to continue working after they dispose of their business compared with three years ago.

According to the study, SME owners are quite optimistic about their business’s medium-term prospects but remain concerned about cashflow management and continue to be more aware of the stress associated with managing their business.

More than half of business owners in the thinkBIG study do not expect to see any improvement in the availability of finance in the short term, underlining continuing uncertainty in the sector.

“thinkBIG found that business owners faced tougher trading conditions over the last two years, with nearly a third recording no revenue growth or a decline in revenues, up from the 2009 result,” said Terry Rodoni, director, Business Solutions, RSM Bird Cameron Read more ❯