One of the early business lessons passed on to me by my father was the importance of understanding the difference between turnover and profits. Many businesses have high turnovers, but small profits. Take for example a farm machinery business in northern NSW, selling big-ticket items such as harvesters and tractors. Its annual turnover is $25 […]
As Assistant Minister for Industry, Innovation and Science, I am privileged to witness the ingenuity and passion of Australian entrepreneurs. Our entrepreneurs are varied; for every global success story — Atlassian, SEEK and the like — there are tens of thousands of businesses carving out a niche in their markets. Entrepreneurs are the lifeblood of […]
Last week it was suggested in this paper that “multiculturalism needs to be binned” (“Multiculturalism has proved divisive, not coalescent, so let’s ditch it”, 24/2). In my view, this is a deeply misguided assessment of one of the fundamental elements of our magnificent country. As a kid growing up in Sydney’s inner west I had […]
As a first term MP and as someone whose life experience hasn’t been in politics, I want to share with you, the residents of Reid, the experiences I encounter on the journey of representing our community – my ‘Reid Ramble’ if you will!
There is no preliminary blog more appropriate for a new politician than addressing the lack of trust the public has in their elected officials…