Friday, November 4, 2022

How To Find A Manufacturing And Industrial Business In Sydney

 When you decide to become an entrepreneur, it is vital to understand the importance of the location and the industry you choose. The manufacturing and industrial sector of NSW has been a frontrunner in contributing to the national output. The industry is valued at $33 billion and offers employment to 253,000 people in the state. As a result, a significant population of entrepreneurs wishes to become a part of this burgeoning sector.

I am no different and chose the sector to enjoy an outstanding income. However, I didn’t want to start the business from the ground up as it would take a lot of time and money. I thought of a better wayto enter the industry by purchasing a business for sale in Edgecliff. The best part of the suburb is that it is only a few km away from the Sydney CBD, which brings a lot of foot traffic to the area and its commercial precinct. The economic recovery strategy undertaken by the NSW Government has paved the way for a brighter future for the region. The state will get a financial boost of $2.8 billion to recover, and 260,000 jobs will be created by December 2022. Thus, it is the best time to invest and reap the benefits in future.


Since manufacturing is a B2B model, it helps to operate from the suburb next to the city. Also, operating close to the CBD allows you to find clients in the CBD and other adjoining areas. Thus, I carefully picked my location and industry while looking for a business for sale in Edgecliff, Sydney. The most pertinent question is how I found the right business. I did some looking around and kept checking the industry journals etc. However, I needed more help finding something worthwhile.  

Finally, I searched online and found this incredible site with thousands of business listings for every category and city in Australia. It was easy to narrow the search to Edgecliff businesses by filtering my navigation. Here is the link that suggested all the options available in the suburb - https://www.business2sell.com.au/businesses/nsw/sydney/edgecliff. You cannot find such information anywhere else. It gives all the details about the business for salewith contact information and pictures.To make it simpler for you, let me give you an example form the site.

 

Manufacturing And Industrial Business For Sale in Edgecliff

This is a highly profitable opportunity if you are interested in acquiring a manufacturing business for sale in Edgecliff. The signwriting and advertising business has been trading for more than ten years and has become a local leader. It is a franchise business that has been generating solid profits and has a loyal workforce.

The owner can leverage a high-profile site with a large showroom and state-of-the-art production facilities. The best part of this business is that it has an established client base and a well-trained staff. The sales revenue of the business at present is $420,000, with a net profit of $100,000. The asking price is $210,000, with five working days a week and full support and training. To know more about this opportunity, click below.

https://www.business2sell.com.au/businesses-details/corporate-bb--days-pw-east-sydney-296805.php

Australian Twitter staff shut out as global purge begins

 Twitter Australia staff were being locked out of their company accounts on Friday as billionaire Elon Musk’s job cuts hit the local office in Sydney, which employs about 40 people.

Musk told confidants he planned to eliminate half of Twitter’s workforce to slash costs at the social media platform he acquired for $US44 billion ($70 billion) last month.

Local staff in marketing and news curation were shut out of Twitter’s systems after receiving an email flagging lay-offs but without any official confirmation that their jobs were being axed. Others were waiting to see if they will still have a job come Monday.

Read More: https://www.smh.com.au/business/companies/musk-starts-mass-job-cuts-at-twitter-as-advertisers-hit-pause-20221104-p5bvna.html



Facebook makes key news change in warning sign for publishers

 Technology giant Meta will stop using humans to edit news on Facebook before the end of the year, telling Australian publishers it could not afford to spend large amounts of money in areas it believes users are not overly interested in.

Meta’s local news partnerships boss Andy Hunter informed Australian media companies on Thursday of the company’s plans to move to automated news content, the latest sign of its ambitions to distance itself from publishers that have demanded millions of dollars for the appearance of articles on its website and focus on keeping its users away from TikTok.

Read More: https://www.smh.com.au/business/companies/facebook-makes-key-news-change-in-warning-sign-for-publishers-20221103-p5bvdk.html



Sydney Young Entrepreneur Awards raise a toast to ambitious finalists

 The Australian Young Entrepreneur Awards attracted record nominations in 2022, and for the first time since the initiative went national in 2018 there were more applications from Sydney than any other city.

This makes sense given the NSW capital is the country's largest, most populous business hub, but it was the diversity and forward-thinking, progressive clout of the group that the Business News Australia team and judges found most striking.

What was also notable was the level of entrepreneurs who didn't qualify as finalists due to the tight competition this year. 

Read More: https://www.businessnewsaustralia.com/articles/sydney-young-entrepreneur-awards-raise-a-toast-to-ambitious-cohort.html






Wednesday, November 2, 2022

Ways to Overcome Business Loan Rejection

 Hi there,

Business owners are not always good financial managers. They need the support of an accountant and external funds to go ahead with the progress. Securing funds is not easy as moneylenders and banks are quite sceptical about new businesses and those with default payment histories. As a business owner in need of funds, you must have all the documents to prove the stability of your business. In addition, you should be able to justify the need for the funds for the business and have a positive cash flow to ensure repayment on time. Ask your accountant to evaluate the correct debt amount which can be repaid easily by the business. Here is an article that will offer more such tips on lending. 

https://www.business2sell.com.au/blogs/strategy/ways-to-overcome-business-loan-rejection



Rising rates see home lending plunge, ASX stronger, even after US jobs report drags down Wall Street

 Mortgage lending in Australia has fallen for the fourth month in a row, according to the latest data from the Australian Bureau of Statistics (ABS).

The value of new loan commitments for housing slumped 8.2 per cent, to $25.1 billion, in September.

Owner-occupier loans plunged 9.3 per cent, while investor loans fell 6 per cent during the period.

Home loan growth has seen a slowdown since June, after the Reserve Bank began rate hikes in May.

Read More: https://www.abc.net.au/news/2022-11-02/asx-australian-share-market-business-company-global-stock/101604854



First home buyer Brianna Lewis moved state, stopped her studies, all so she could buy a house

 Just to get into the housing market in a regional Australian city, 30-year-old Brianna Lewis faced a series of life-changing decisions.

First, she moved away from her hometown of Newcastle to take on a job at an architectural firm in Launceston in northern Tasmania.

"I had basically given up on the idea of ever owning a home in Newcastle. I'm a single woman on a part-time wage and still studying, so I realised it wasn't going to happen in the next 10 years," Ms Lewis said.

After working in Launceston for 12 months, she became eligible for the Tasmanian government's MyHome 30-year shared equity program, providing 30 per cent of the purchase price and a stake in any property price increase.

Read More: https://www.abc.net.au/news/2022-11-02/interest-rates-reducing-borrowing-capacity-of-first-home-buyers/101600976



Samsara Eco raises $54 million in Series A to address plastic pollution crisis

 A Sydney-based startup that uses plastic-eating enzymes to infinitely recycle waste has raised $54 million in a Series A funding round as it looks to build its first 20,000-tonne commercial facility and expand abroad.

Samsara Eco’s raise was funded by returning investors Main Sequence, Woolworths Group’s W23 and the Clean Energy Finance Corporation (CEFC) Innovation Fund, as well as new backers Breakthrough Victoria, Singapore’s Temasek, Assembly Climate Capital, DCVC and INP Capital.

The fresh capital will be used to bolster the company’s engineering team, develop its library of enzymes and fund its new commercial facility in Melbourne, which will ramp up to full-scale production over the next 12 months to process 20,000 tonnes of plastic from 2024.

Read More: https://www.businessnewsaustralia.com/articles/samsara-eco-raises--54-million-in-series-a-to-address-plastic-pollution-crisis.html



Why Ethics and Social Responsibility Matter to Modern Businesses?

 Hello, Business ethics are not something that needs to be done to follow the herd mentality. It is a requirement to run a morally correct w...