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Lessons for SMEs from Batman

Last week “The Dark Knight Rises”, the third and final instalment of the most recent Batman franchise opened around the world. Taking in an estimated $US195 million in it’s opening weekend, the caped crusader proved extremely profitable, and small businesses could stand to learn a thing or two from fictional multi-millionaire Bruce Wayne.

Over the next 2 weeks, in honour of the Bat breaking more box-office records, we will look at three lessons you could stand to learn from the iconic superhero:

Gadgets – the importance of research and development

Bruce Wayne spends a large amount of his time investing in gadgets and research and development. Wayne’s lair is filled with sophisticated computer systems and databases, all of which require state-of-the-art technology. But he’s also a keen proponent of corporate research and development.

All business owners should spend a considerable amount of time researching and developing more effective ways of doing business.  This can mean looking into an upgrade of machinery, developing new methods or even downloading business related Apps such (such as project management apps) to help organise daily business functions.

Posted on 23 July '12 by , under Business.

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Amnesty means that 24,000 businesses own up to underpaying Aussies superannuation

An amnesty scheme which ended earlier this month has caused around 24,000 businesses to admit to underpayment of their worker's super. A total of 588 million dollars will be distributed to almost 400,00 individuals.

The scheme, which covered payments from the introduction of super in 1992, gave employers the opportunity to come clean without any consequences as long as they paid the unpaid super as well as 10% interest for every year the money was overdue.

The ATO will be directing its attention at any businesses that did not admit fault and these businesses will face severe penalties.

Many individuals are looking to access their superannuation early in order to have support during these times. Although there is criticism of early access to super, this facility has been helpful to many families to keep afloat.

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