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Budget Gives Boost to Small and Medium Sized Businesses

  • Written by Media Release


BCCM welcomes focus on empowering small and medium businesses in 2019 Budget

 

Canberra –The Business Council of Co-operatives and Mutuals (BCCM) welcomes the extension of tax cuts on asset purchases announced in the 2019 Budget. Write-offs will now apply on assets up to $30,000, and for businesses with a turnover of up to $50 million. This will help many smaller co-operatives and mutuals improve their bottom line and make important investments.

 

Melina Morrison, BCCM’s CEO, said, “In this era of accountability, we are pleased Government has made provision for change in areas where there is rising demand for services. Our members who work in the aged care, disability care, health and housing sectors will benefit from the measures. Given the economic climate where the Australian and global economy are stuck in a downward trend for growth, we are pleased to see a focus on maintaining a strong economy and that the Budget includes support for small businesses and the agricultural sector. We welcome the investment in business incentives and new programs that will boost apprenticeships and address skill shortages.” 

 

A range of Budget measures to incentivise local land stewardship, enhance business energy efficiency, support local microgrid development and develop regional connectivity will benefit co-operatives and their members across Australia.

 

Ms. Morrison said, “We are pleased to see the focus the Government has placed on communities. Co-operatives and mutuals are, by their very nature, community focused with profits always going back to their members and communities.

 

“Government programs work best when communities are given the chance to help themselves. These measures do that, giving regional communities the chance to form resilient new enterprises and strengthen existing enterprises, including locally-owned co-ops and mutuals.”

 

The BCCM welcomes support for agricultural co-operatives and their members in the form of increased support for exporters and relief for farmers who have been affected by flood and drought.

 

As the co-operative and mutual sector is budget neutral, the BCCM remains focused on regulatory reform for its members and hope that Government will make it a priority this year.  BCCM continues to push for the following legislation:

 

Treasury Laws Amendment (Mutual Reforms) Act 2019, which was tabled in the Senate earlier this year. Reforms include:

  • The improved capability for mutuals to raise capital.  This will allow for more competition in the mutual and banking sector, something that will benefit all Australians. 
  • Adding the legal definition of mutual entities to the Corporations Act.  This will recognise mutuals as a legitimate business model in a highly competitive sector 

 

BCCM also continues to push for the inclusion of co-operatives in the red-tape busting Commonwealth Modernising Business Registers program.  Amendments to a Bill currently in Parliament would allow States and Territories to delegate administrative functions for state-registered co-operatives to the proposed Commonwealth Registrar.

 

The Business Council of Co-operatives and Mutuals (BCCM) is the national peak body representing Australian member owned businesses. Formed in 2013, the BCCM is led by the chief executives of Australia’s co-operative and mutual businesses in all sectors including agriculture, financial services, health insurance, retail, motoring services and human services. The BCCM works to promote the role of member-owned enterprises in the national economy. With over 2000 co-operative and mutual businesses operating nationally representing a total of 29 million memberships, the BCCM highlights the contribution co-operatives and mutuals make to economic and social development in Australia. www.bccm.coop

 

Digital Marketing Trends to Improve Your Online Presence in 2019

  • Written by News Company

There used to be much discussion around digital marketing, the discussion has moved away from this, and towards what is new, what are the latest trends, which channels work best, and how can we better leverage it.

We'll take a look at some of the digital innovations that successful companies are using and how you too can benefit from it.

Google search algorithm changes

The purpose of engaging in digital marketing is to reach people and convert them, which leads to business growth and relevance. Google search is one of those factors that can make or break this process.

It is no longer an easy task to appear in the first page of organic results, you'd have to work for it by keeping in line with Google's algorithm changes and updates. There are a huge number of these changes every year, some of which have more significant impact on rankings than others.

Some of these updates and algorithms include Mobile Speed Update, Rankbrain, Video Carousels, Medic Core Update, and many others. It goes without saying that featuring prominently on Google SERPs requires you to track and adhere to the dictates of these updates.

Social media trends

Social media is a very useful tool to use for growth in the digital space and success as a business. Leading companies use data from social media to plan their strategies for better chances of success. One major social media trend is that there is more competition in advertising. It isn't just about making a budget for an advertising campaign and hoping for the best anymore.

To get adequate returns on investment, businesses need to up their creativity in ad creation, improve targeting so that only the right audience is reached, use new ad-formats, as well as push only high quality content. To learn about how online marketing works, enroll in a facebook marketing course.

Also, there is a need to continuously track and measure ad campaign performance to know what is working and what is not. This data will help you make changes that will ensure that you get an edge over competitors in your niche.

Digital experience

In terms of user experience regarding website performance, the focus has shifted from website design and how endearing it may be to something that enhances the user experience, speed and personalisation.

A slow website is as good as an abandoned one especially when the visitor knows that there are many other options. Also, with Google now penalising slow websites by dropping them in search results, it is imperative to make your website faster.

Not many people know that web hosting can enhance or hinder website speed.

Then, there is website personalisation to enhance user experience. This entails providing unique experiences for individual visitors. Data can be used to show visitors certain contents on the site that is more likely to engage them. For instance, showing contents to users based on their location or interests will improve engagement and user experience.

Email marketing and marketing automation

Email is another effective channel to get through to prospects and customers alike but the optics have changed in some ways. Before, email marketers worked less with data and more with instincts, guessing and assuming their way into people's hearts. It worked then, but now? Things have changed.

Campaigns now revolve around data because the better informed you are about the personas you're trying to convert the better your strategy to get them. This data now allows for more personalisation, so, for example, you're more likely to see "Dear Mike" at the beginning of a mail than to see something generalised.

Then there is the place of automation. Automation cuts across digital channels and helps improve productivity in the online arena. From scheduling posts to automatic replies to mails, popups asking to receive newsletters, and so on. So many areas of digital marketing has been optimized to achieve results.

Analytics

Analytics is central to digital success and there is no disputing that. It basically involves analysing data to determine better ways to achieve results.

Running any type of campaign without reliable data means that you are wasting your budget. Analytics provides vital information about the market, what people need, how best to get it to them, and when to do so. There are four types of data analytics every business that intends to remain competitive and grow should know and apply.

There are also various analytical tools that can be used to obtain all the data necessary to function optimally, and every serious company should consider using these services.

Content marketing

Content is at the core of any digital marketing strategy and as such should be given the focus and investment it deserves. No matter how many times Google updates its algorithm to determine who gets more visitors the placement of content and quality of content cannot be ignored. And there is a good reason for this, everyone using search engines is looking for quality content.

This is why there is a need for businesses to have a content marketing strategy that works. Some of the key trends of content marketing are:

  • *  Quality content is now driven by a deep understanding of personas
  • *  Creation of new job roles to facilitate content marketing activities
  • *  Improved content marketing metrics or analytics
  • *  More companies investing in content marketing


In Conclusion

The advancements in digital marketing methods all add up to productivity. To continue to perform better as a business it is important keep up with digital trends and make changes where need be.

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