The talk of the town: NAB Business wrap
M&A has been a big theme recently, with entrepreneurs and established businesses alike snapping up opportunities. Air-con was a burning issue and property developers were dancing at the prospect of better funding and more opportunities.
Aussie student’s loneliness leads to $21 billion deal.
There was a big pay day for the entrepreneurs of WhatsApp? when they sold their business – which allows smartphone users to send each other text messages and images over the internet at no cost – to Facebook for a cool $21 billion. According to co-founder Jan Koum, the app was inspired by a lonely Aussie student who couldn’t afford to phone home. There’s plenty of buying and selling opportunities for Australian businesses with the right advice and the right capital. Find out more.
Extra, extra… read all about it.
Big news in the media sector with the launch of Australia’s newest paper The Saturday Paper. The 32-pager will take on the Saturday papers – primarily the Sydney Morning Herald and The Age – with its galaxy of well-known writers, including David Marr, Christos Tsiolkas, Hamish McDonald and Andrew McConnell. With the right strategy, businesses can enter an already busy marketplace – make sure your value proposition is clear from the start and that you have the right people on board. Find out more.
Fishing for invoices.
If you’re an angler, you’re likely to be a responsible payer. According to Dun & Bradstreet, businesses in the fishing industry paid their invoices in the fastest average time in the December quarter. Invoice management is one of the most crucial disciplines for Australian businesses. Keep an eye on your payables and receivables, and consider invoice finance for better efficiency. Find out more.
Healthy growth for Ramsay.
Australia’s largest private hospital operator Ramsay Health Care flagged more overseas acquisitions and $100 million worth of new construction to add beds to the company’s local facilities in its 2014 earnings guidance. Acquisitions that provide great return on investment are out there for businesses with a sound business plan in place. Find out more.
It might be time for those involved in the construction industry to break out the cigars, with a significant increase in the number of commercial property developers stepping up works over the next one to six months. At the same time, developers’ ability to access debt and equity funding improved in Q4, according to NAB’s Quarterly Australian Commercial Property Survey for Q4 2013. Find out more.
How hot were you in January?
And we’re not referring to the little black dress you may’ve bought in the Christmas sales! According to IBISWorld, January 2014 was Australia’s 12th hottest January on record, leading to increased business for online accommodation providers and Melbourne’s hotels as locals sought air-conditioned comfort. Myer reported a 1,000% increase in sales for fans compared with the same time last year. It can be important for businesses to think seasonally and prepare for opportunities that may arise. Find out more.
More business insights: