"Peter May" BiziNet™ Articles

Sydney is Australia's largest city. Its population exceeds 5 million people and it contributes over 24% of the Gross Domestic Product (GDP) of the Australian economy.

The cluster of activities in Sydney city and its surrounding town centres creates an economic engine and a symbiotic relationship amongst its businesses. It generates competitive value for the businesses in this area and in return businesses benefit from increased connectivity, access to labour and talent, infrastructure, and the flow on effects of innovation.

What We've Observed Through Our Sydney Business Survey. During August 2020 the CBD Sydney Chamber completed a Sydney CBD-focused research project in collaboration with Vincents Accounting & Insolvency and the Sydney Business Chamber.

All businesses, whether an established or new business, can potentially benefit from applying for grant funding.

Collaboration takes many shapes and generally presents opportunities to support innovation by combining capabilities and expertise around a common purpose. A Forbes Magazine's article Increasing Complexity is Driving The Value of Collaboration suggested "the ability to collaborate is becoming a key driver of value creation." Today many businesses understand its potential but may be unsure how to get started. If ever there was a time of increasing complexity it's now - and the potential rewards demand that every business should actively seek opportunities for collaboration.

There is little doubt that these are challenging times for many businesses and families. As pen goes to this paper there are 771,984 confirmed cases of Coronavirus (COVID-19) worldwide, with at least 4,245 confirmed cases in Australia*, countless businesses either closed or on the brink of closing with no defined timeline for when they might re-open and unemployment is inexorably rising.