Written by Alexandra Terreri – Manager at Growth IQ Pricing can be a confusing topic when you’re starting your new business. There is no concrete formula or sure-fire way to know exactly how to price your product or service. Many startups often set discounted prices as a result of this ambiguity. This will get the […]Read more
86% of consumers are willing to pay more for a better CX. 70% of buying decisions are based on how customer feel they are being treated. Companies that excel in Customer Experience strategies will grow revenues 4-8% above the market average. 7 in 10 Australians will spend more with companies they believe to provide a […]Read more
If I had a dollar for each time I’ve heard the following statement when reviewing profit numbers at month/quarter/year end meetings I’d be a rich man. “Is that how much profit the business made this period? So why don’t I have any cash in my account? I cannot begin to tell you how much success […]Read more
Australian Business Facts – All obtained from the Australian Bureau of Statistics for the year ended 2018.
We’ve pulled together a list of key Australian Business Facts from the Australian Bureau of Statistics report from 2018. 96% of all business in Australia is small business – it is the engine room of our economy. In the 2018 financial year, 22,018 Australian businesses became insolvent. The main reasons for insolvency were: inadequate cash […]Read more