News Pulse for November 3, 2016

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

CCIQ says the Christmas retail period will be positive for small business

Queensland small businesses will have a bright Christmas, according to analysis by the Chamber of Commerce and Industry Queensland (CCIQ).

CCIQ director of advocacCommunications Access Co-ordinatory Nick Behrens said data in the Queensland Economic Update from October projected retail sales for Christmas 2016 of $9.13 billion.

Small Businesses Losing Custom To Larger Orgs

Despite voicing a preference for ‘shopping small’, Australian consumers are increasingly transacting with large organisations, further widening the gap between small and big businesses in the spend stakes, according to new research from American Express.

Commissioned by American Express in support of its month-long Shop Small campaign, which runs throughout November, The Economy of Shopping Small: Customer Counts Report shows a majority of consumers believe more small businesses are shutting than opening, despite national data and owner feedback suggesting otherwise.

SME opportunities abound in the digital disruption landscape

Last week, I wrote about why businesses have to worry about more than just their direct competitors in this age of Uber-inspired category disruption.

The fact is we are seeing incredibly rapid and far-ranging transformations going on throughout all industries because of the convergence of technologies such as robotics, augmented and virtual reality, and the Internet of Things.

What tech entrepreneurs think about the ACCC regulating startup acquisitions

The Australian Competition and Consumer Commission may be looking to increase its power to regulate mergers and acquisitions of local tech startups over concerns that market concentration will kill fair competition.

While an acquisition by a big company is the perfect exit for many startups, ACCCAustralian Competition and Consumer Commission The ACCC is Australia's competition regulator and national consumer law champion. chairman Rod Sims is concerned about the harmful effects of incumbents like Google swallowing up emerging high-growth startups.

My Four Weeks start-up sets out to solve the issue of taking all your leave

While our holiday provisions are the envy of the world, Australian workers have an unusual problem: banking up too much leave.

With over half of Australian workers not taking their annual leave requirements and millions of days on the books of big employers, the problem extends to companies as leave balances threaten to turn into payouts.

From Xero to zero: where are all the employees gone?

Online accounting software firm, Xero are expected to announce their results on Thursday. But what the numbers may not reveal is the exodus that is continuing among the company’s senior ranks.

The most recent departures come in the shape of President Americas, Russell Fujioka , who took leave of his duties last month, after barely two years in the gig. He was followed out the door last month by chief marketing officer, Andy Lark (who similarly served just over two years).

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