Small businesses feel the pressure as interest rates and cost-of-living expenses rise
The environment is becoming increasingly unpredictable, making it challenging for small businesses to thrive. However, there is a silver lining in the form of eCommerce, which is experiencing significant growth in one particular segment: lightweight items like socks.
Andres Herrero of the Sydney Sock Project explains how the business has been able to grow alongside Sendle and the power of ShipStation’s automated delivery solutions, saving money and time.
Founder and CEO of Sendle, James Chin Moody shares how their team is placed to assist small business with unique and affordable packaging options. Sendle is keeping delivery efficient whilst remaining sustainable as their customers have come to expect, despite the gloomy economic conditions.
With interest rates and inflationary pressures on the rise, small businesses are being squeezed from all sides. This unpredictable environment has made it challenging for small business owners to make long-term plans and investments. However, one area that is experiencing significant growth is eCommerce, particularly in the lightweight items segment.
Sophia Pope from ShipStation outlines the several reasons why these lightweight products are experiencing such significant growth. Firstly, the pandemic of course accelerated a shift to online shopping, as consumers look for more convenient ways to shop.
With many brick-and-mortar stores closing their doors, eCommerce has become the go-to shopping destination for many consumers. This trend is expected to continue in 2023 and beyond, making eCommerce a critical channel for small businesses to reach customers.
Small Business Insight is sponsored by Sendlefind out more about how your business can get involved with their sustainable shipping solutions
Bad money mindsets are leading people down a bad economic path, so how can you get your head in the financial game?
Money mindsets have the potential to lead people down a bad economic path, so how can you get your head in the financial game and break bad mindsets to turn it into a much more positive approach towards money?
CIA Tax’s Dr Steven Enticott describes a bad money mindset where someone’s always saying, “I’m really bad at money”, “I’m never going to be able to save money”.
However, this mindset can be changed with a few simple steps – to turn your attitude to turn your money habits around.
Many people are unaware that food is often the best medicine for health issues like diabetes
Almost 70 per cent of Australians are overweight or obese and there is a new diabetes diagnosis every 5 minutes in Australia.
And while TikTok trends like taking Ozempic, a diabetes medication that is hailed as the ‘miracle diet drug’, have gained popularity, many are unaware that food is the best medicine for health issues.
Kate Save, Co-Founder and CEO of Be Fit Food, joined us to discuss.
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