Top Stories Small Business & Startups
Last year, parcel delivery start-up Sendle arrived on the scene as an alternative to Australia Post for small businesses. The company has stepped up the competition by introducing a satchel mailing option for small businesses that need to courier smaller items to customers. Here are the details.
Xero is a cloud accounting software company that specialises in SaaS products for small and medium-sized businesses. Beginning life in New Zealand, the business has since branched into Australia, the United States and the UK. We recently visited its Aussie headquarters in Melbourne which houses everything from an open plan office for more than 200 employees to a drum kit and pool table. Here are the photos.
After struggling financially for a number of years, the cult Australian pizza chain Eagle Boys is in danger of shutting down for good. Today, the company went into voluntary administration which usually doesn’t bode well for a business’ future (just look at Dick Smith.) If you’re a fan of its famously large Family Size pizzas, you better order a few while you still can.
In their report on the demise of Dick Smith, McGrathNicol liquidators pinpointed dubious accounting methods that are known in the industry as “real activities management”. The practices, involving manipulating sales figures and stock inventories saw Dick Smith purchasing excessive amounts of inventory in order to fill their rapid expansion of stores and bank rebates from suppliers to boost earnings.