Five things you need to know this week


Friday 20th January 2012

Happy Friday!

I’m hearing so many stories, and seeing plenty of noise on Twitter about business goals for 2012 – which is fantastic!  It’s so important to ensure you have a clear business plan to set you up for success.  In the latest results of the MYOB Business Monitor, we revealed the top business goals for SMEs, most of which revolved around growing their business…great results after a year of uncertainty in 2011.  Make sure you check out these 10 top tips on reaching your goals from MYOB’s Kristy Sheppard to ensure you’re on the right track!

But before you run off to enjoy the weekend, here’s the top five things you should know.

Apple takes on the textbook market

It’s long been highlighted as a great opportunity, and overnight Apple announced their plans to take on the student market with a revamp to iBooks, which includes a textbook section in their iTunes store.  They also revealed iBook author, a program which allows people the opportunity to create their own text books.  Expect 2012 to be a big year for electronic textbooks.

World Bank slashes forecasts, downgrades growth

The latest predictions from the World Bank paint a grim picture of economic conditions in 2012.  It’s predicting just a 2.5% worldwide economic growth this year, down from its previous 3.6% estimate late last year.  Anything less than 3% is commonly defined as a global recession.  Make sure you read more about how this will affect Aussie SMEs, and some great steps to take now to protect your business.

Facebook sacking overturned

In one of the first cases of its kind, a truck driver has had his sacking overturned by Fair Work Australia.  He was fired in May 2011 after one of his managers found offensive comments on his Facebook page about themselves and another company member.  Fair Work Australia overturned the sacking, primarily on the basis of the company not having a clear social media policy.  An important precent that should encourage all business owners to think about their own company’s policies!

Gwyneth Paltrow is now dishing out the small business advice

Super celebrity, Gwyneth has gotten into the business of business!  Launching her own lifestyle website in 2010, she’s now profiling small businesses, sharing their tips and advice on how they founded, marketed and built their business.

Telstra Business Awards Nominations are now open!

Don’t forget to nominate yourself, or your favourite business doing a great job in the 2012 Telstra Business Awards!  Nominations are open until February 6th.  And if you’re not sure about entering?  Check out our top four reasons why your business wants to win an award.

Have a fantastic weekend!



| Online Editor – MYOB

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