News Pulse for October 14, 2016

A daily download of SME, startup, fintech and tax news from around Australia.

Google’s Suite Of Free Training Modules Equips Small Business Owners For Online Success

Google has launched a free training platform to help small businesses develop the digital skills they need to grow and thrive online.

According to John Ball, Head of Google Marketing Solutions Australia, The Digital Garage includes 90 training modules covering a range of topics including website design, search engine optimisation, online marketing including social media, and more. Further, he said participants can complete the whole online course for a certificate from Google supported by IAB Australia.

Australian businesses are paying their bills faster than ever

Australian businesses are settling their invoices in an average of 44.8 days, continuing a two-year trend of historically low payment times.

According to the latest instalment of Dun & Bradstreet’s Australian Trade Payments Analysis , the national average payment time for the three months to September was slightly below the average recorded for the second quarter of the year (44.9 days) and below the average of 45.1 days recorded for the same period in 2015.

Business tells Labor ‘don’t block our tax cuts’

Leading business figures are intervening in the tax debate by calling on parliament to pass the government’s plan to reduce the corporate rate to 25 per cent over the decade, arguing that it will charge growth in smaller enterprises.

Qantas chief executive Alan Joyce told The Australian it was imperative to “get beyond the notion that cutting tax for large companies is a win-lose proposition”.

ACCC sounds warning to franchisors as small businesses get beefed up contract protections

Small businesses will have greater protections for unfair contract terms when new laws come into effect on November 12, and the Australian Competition and Consumer Commission says franchisors in particular should be thinking about how they structure manuals and documents now.

The change will protect small operators with fewer than 20 staff in situations where a contract is worth $300,000 or less in one year, or up to $1 million for contracts of 12 months or more.

Sydney startup SpaceConnect closes $400,000 seed round to help businesses make better use of workspace

A Sydney-based workplace productivity startup has closed a $400,000 seed round as it looks to optimise how businesses use their office space.

SpaceConnect offers a proprietary algorithm to track the use of workspaces and then optimise where people work and at what times.

How MYOB’s marketing leader is repositioning the brand strategy

Australian owned accounting software player, MYOB, has kicked off a major rebranding program aimed at re-educating the market about its offerings and repositioning itself as an innovative technology company.

The new brand strategy is based around a fresh positioning statement, ‘simplify success’, and is the culmination of a year’s worth of work that’s also seen MYOB invest heavily into digital marketing technology, market and brand insights, in-house skillsets and online sales channels.

The SAFE way: Sydney startup Uprise raises $200,000 through the “future of early capital in Australia”

When Jay Spence was talking to investors to secure seed funding, the valuation placed on his early-stage startup varied by up to $2.5 million.

The founder of Uprise, an online mental health support platform for businesses, says most of this process of valuing a young tech company comes down to guesswork and confidence.

SME lender Prospa to offer interest-free business loans

The loan is designed for entrepreneurs and business owners to fund their business education through The Entourage. A new partnership between leading small business lender Prospa and business educator The Entourage will allow business owners to access interest-free loans to fund their education. The Launch, Build, Scale  education program gives entrepreneurs and small business owners access to monthly workshops, an education portal and advice from leading entrepreneurs.

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