Business Acumen

Business acumen, often referred to as "business savvy" or "business sense," is the ability to quickly grasp and navigate various business situations, including identifying risks and opportunities, in a way that leads to positive results. This skill has become important for enhancing financial performance and fostering leadership skills. As a result, various strategies have been created to help individuals improve their business acumen.

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HIA outlook: Home building to rebound with interest rate cuts but long-term challenges remain

2 weeks ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

HOME CONSTRUCTION commencements across Australia are set to increase over the next few years, driven by strong population growth, low unemployment, and falling interest rates. However, long-term structural issues continue to pose risks to housing affordability and national supply targets, according to the latest outlook from the Housing Industry Association.
Trade shocks? This calculator shows the effects at your own business level

2 weeks ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

By Leon Gettler, Talking Business >> US PRESIDENT Donald Trump’s tariffs will affect all economies and all businesses right around the world. According to Arne Geschke, the co-founder and CTO of the Australian tech startup, Fair Supply, it will cost the Australian economy $15 billion. The worst affected sectors will be health, construction services, public administration and defence. What’s caused this? The tariffs will hit the supply chains of these sectors.
Australian Technologies Comp. hits record number of entries

2 weeks ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

THE Australian Technologies Competition (ATC), has received its highest ever number of startup entries this year, at 229 applications, up from 136 in 2024 – an increase of 68 percent. Scalare Partners will be offering $100,000 investment prize to the winner. With investment being a key focus of this year’s competition, successful entrants will have the opportunity to connect with investors, mentors and industry experts to help grow their business.
Qld’s Sarah Waller Building and Aria's Upper House win HIA’s highest national awards

2 weeks ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

QUEENSLAND’s Sarah Waller Building company claimed the Housing Industry of Australia’s highest honour – the coveted 2025 HIA-CSR Australian Home of the Year – in front of an audience of industry leaders and home building consumers in Melbourne on May 17. Set across subtle cascading levels on a sprawling acreage, the contemporary, pavilion-style home – named Blackwood – blends bold architectural design and functional living.
Innovative business broker Nikki Katz first woman inducted into REIA Hall of Fame

3 weeks ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

ADELAIDE-based entrepreneur and business disruptor Nikki Katzhas made history as the first woman to be inducted into the Real Estate Institute of Australia’s (REIA) Hall of Fame, recognising her as one of the most influential and innovative forces in the business broking industry. The national award recognises and celebrates outstanding individuals and businesses who have consistently achieved excellence in their respective categories within the real estate industry.
Delta Global wraps data into effective packaging

1 month ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

By Leon Gettler, Talking Business >> HOW DOES a company future proof itself in the wake of the climate crisis? Robert Lockyer, the CEO and founder of Delta Global, a leading supplier of luxury sustainable packaging globally, said it’s a major question now that companies everywhere are asking. He said businesses could only do that by evolving around the sustainable needs of consumers. “It used to be an agenda point, and now it’s the agenda,” Mr Lockyer told Talking Business.
Macquarie’s Cloud Reset podcast features Aussie tech leaders in exclusive AI series

1 month ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

MACQUARIE Cloud Services’ acclaimed Cloud Reset podcast has unveiled a special AI-focused series that calls on some of Australia’s most influential tech leaders to explore how artificial intelligence (AI) will shape business decisions in the years ahead.
Low volume of home building but labour shortages linger

1 month ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

ONGOING SHORTAGES of skilled building tradespeople are not the result of a booming housing construction market, according to the Housing Industry Association (HIA). The last two years of new home commencements have been among the weakest in the past decade. “Australia has just seen its two weakest years of new home commencements in over a decade, meaning these ongoing shortages of skilled trades are not being caused by home building activity,” HIA chief economist Tim Reardon said.
Small business leaders call for forum to shine light on extreme business pressures, drive action

1 month ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

THE Council of Small Business Organisations Australia (COSBOA) is calling for bipartisan support for a government-led post-election Small Business Forum (the Forum). The Forum would bring together business leaders, peak bodies, politicians and small business owners from across the country in Canberra, where they can discuss and implement practical mechanisms to support Australia’s small business sector.
165,000 workers face cuts to pay and conditions under Coalitionâ€™s IR approach: McKell Insitute report

1 month ago | businessacumen.biz | Mike Sullivan |Mike and Judy Sullivan

SOME 165,000 Australian workers could lose vital protections such as overtime, penalty rates, and allowances if the Dutton Coalition wins government, according to a new report released today by the McKell Institute.