More than half of Aussie men report experiencing sexual difficulties

Many men were concerned about climaxing too quickly or lacking interest in sex.Krista MangulsoneOne in two Australian men aged 18 to 55 have experienced sexual difficulty in the past 12 months, accord...

Jennifer Power, Senior Research Fellow at the Australian Research Centre in Sex, Health and Society, La Trobe University - avatar Jennifer Power, Senior Research Fellow at the Australian Research Centre in Sex, Health and Society, La Trobe University

Sanders, Harris, Biden... can anyone beat Donald Trump to become the next US president?

No sooner had the US midterm elections for Congress concluded than jockeying began for the presidential elections in 2020. Barring either impeachment, which seems unlikely, or a health crisis, Donald ...

Dennis Altman, Professorial Fellow in Human Security, La Trobe University - avatar Dennis Altman, Professorial Fellow in Human Security, La Trobe University

As many Muslims return to mosques today, they will need ongoing support

A worshipper lights candles at a makeshift memorial at the Al Noor mosque in Christchurch.AAP/Mick Tsikas, CC BY-SAToday, many Muslims in New Zealand will be returning for Friday prayers. Some might f...

Fatima Junaid, Lecturer, Massey University - avatar Fatima Junaid, Lecturer, Massey University

'It's real to them, so adults should listen': what children want you to know to help them feel safe

Children and young people told us they were often overwhelmed by the risks that surrounded them.from shutterstock.comIn recent months, we have been confronted by events that make the world seem unsafe...

Tim Moore, Associate Professor and  Deputy Director, Australian Centre for Child Protection, University of South Australia - avatar Tim Moore, Associate Professor and Deputy Director, Australian Centre for Child Protection, University of South Australia

A brief history of science writing shows the rise of the female voice

Women played a role as both readers and authors in the history of science writing.Shutterstock/Africa StudioThree centuries ago, when modern science was in its infancy, the gender disparity in educati...

Robyn Arianrhod, Adjunct Associate , School of Mathematical Sciences, Monash University - avatar Robyn Arianrhod, Adjunct Associate , School of Mathematical Sciences, Monash University

Cannibalism helps fire ants invade new territory

Fire ant stings can be deadly to people who have an allergic reaction to their venom.Forest and Kim Starr/Flickr, CC BY-SATropical fire ants (Solenopsis geminata), originally from central and South Am...

Pauline Lenancker, PhD student in biology and ecology, James Cook University - avatar Pauline Lenancker, PhD student in biology and ecology, James Cook University

We've let wage exploitation become the default experience of migrant workers

Australia’s Fairwork Commission has so far this year examined more than a dozen cases of wage theft. Those cases involve hundred of workers and millions of dollars in underpayments.And it’...

Joo-Cheong Tham, Professor, Melbourne Law School, University of Melbourne - avatar Joo-Cheong Tham, Professor, Melbourne Law School, University of Melbourne

Jobs but not enough work. How power keeps workers anxious and wages low

The unemployment rate is 4.9%, but the underemployment rate is 8.1%ShutterstockThis is the third in a three-part mini-symposium on Wages, Unemployment and Underemployment presented by The Conversation...

Barbara Pocock, Emeritus Professor University of South Australia, University of South Australia - avatar Barbara Pocock, Emeritus Professor University of South Australia, University of South Australia

What Parkland's experience tells us about the limits of a 'security' response to Christchurch

In the days before the mass shootings in Christchurch I was visiting Parkland, Florida, where 17 people were killed in a school shooting on Valentine’s Day 2018. I was recording a story about ho...

Amanda Tattersall, Postdoc in urban geography and Research Lead at Sydney Policy Lab. Host of ChangeMakers Podcast., University of Sydney - avatar Amanda Tattersall, Postdoc in urban geography and Research Lead at Sydney Policy Lab. Host of ChangeMakers Podcast., University of Sydney

Friday essay: images of mourning and the power of acknowledging grief

These images of Cherine Fahd's grandfather's funeral were tucked away in a brown paper envelope for decades. As a society, we too often keep grief hidden from view. Author providedBefore her death in...

Cherine Fahd, Director Photography, School of Design, University of Technology Sydney - avatar Cherine Fahd, Director Photography, School of Design, University of Technology Sydney

Local Māori urge government to address long-running dispute over rare cultural heritage landscape

Supporters of the campaign to stop commercial development at Ihumaatao.Qiane Matata-Sipu , CC BY-SAAn escalating crisis at Ihumaatao, near Auckland’s airport, is challenging the commercial devel...

Tim McCreanor, Professor Race Relations, Health and Wellbeing, Massey University - avatar Tim McCreanor, Professor Race Relations, Health and Wellbeing, Massey University

Grattan on Friday: Shorten's not getting ahead of himself, but the tape measure is out

With the election likely to be called in about a fortnight – the weekend after the April 2 budget - behind the scenes Labor is “measuring the curtains” of government.Any sign of hubr...

Michelle Grattan, Professorial Fellow, University of Canberra - avatar Michelle Grattan, Professorial Fellow, University of Canberra

Will the New Zealand gun law changes prevent future mass shootings?

New Zealand Prime Minister Jacinda Ardern has announced a ban on certain military-style weapons.AAP/David AlexanderAs she foreshadowed in the aftermath of the Christchurch massacre last Friday, New Ze...

Rick Sarre, Professor of Law and Criminal Justice, University of South Australia - avatar Rick Sarre, Professor of Law and Criminal Justice, University of South Australia

NSW election: where do the parties stand on brumby culling?

Feral horses have severely damaged the landscape in Kosciuszko National Park.Travelstine, CC BY-SAThe future management of New South Wales’s national parks is one of the issues on the line in Sa...

Don Driscoll, Professor in Terrestrial Ecology, Deakin University - avatar Don Driscoll, Professor in Terrestrial Ecology, Deakin University

Confused about aged care in the home? These 10 charts explain how it works

Home care providers' profits are growing but many older Australians are missing out on quality care.The Conversation / ShutterstockThis week, the Royal Commission into Aged Care Quality and Safety hea...

Fron Jackson-Webb, Deputy Editor/Senior Health + Medicine Editor - avatar Fron Jackson-Webb, Deputy Editor/Senior Health + Medicine Editor

Jobs but not enough work. How power keeps workers anxious and wages low

The unemployment rate is 4.9%, but the underemployment rate is 8.1%ShutterstockThis is the third in a three-part mini-symposium on Wages, Unemployment and Underemployment presented by The Conversation...

The Conversation - avatar The Conversation

We've let wage exploitation become the default experience of migrant workers

Australia’s Fairwork Commission has so far this year examined more than a dozen cases of wage theft. Those cases involve hundred of workers and millions of dollars in underpayments.And it’...

The Conversation - avatar The Conversation

A new procedure may preserve fertility in kids with cancer after chemo or radiation

A 12-week-old baby female macaque, named Grady, was born from frozen testicular tissue. Oregon Health and Science University, CC BY-SACancer in children was often a death sentence in decades past, but...

Kyle Orwig, Professor of OB/GYN and Reproductive Sciences, University of Pittsburgh - avatar Kyle Orwig, Professor of OB/GYN and Reproductive Sciences, University of Pittsburgh

March Madness: With gambling legal in eight states, who really wins?

The odds of more legal betting are good. AP Photo/John LocherMarch means springtime, but also breathless headlines of Cinderellas, busted brackets and buzzer beaters. This year, it’ll also inclu...

John Affleck, Knight Chair in Sports Journalism and Society, Pennsylvania State University - avatar John Affleck, Knight Chair in Sports Journalism and Society, Pennsylvania State University

Will more genetically engineered foods be approved under the FDA's new leadership?

Will food laws change as more GM foods are created?Zerbor/Shutterstock.comThe world of food and drug regulation was rocked earlier this month by the news of a change in leadership at the Food and Drug...

Ana Santos Rutschman, Assistant Professor of Law, Saint Louis University - avatar Ana Santos Rutschman, Assistant Professor of Law, Saint Louis University

We need more teachers of color, so why do we use tests that keep them out of the classroom?

Teacher license exams often fail to predict which teachers will be the best, research shows.michaeljung from shutterstock.comStudents of color seldom see teachers who look like them. This is because m...

Emery Petchauer, Associate Professor, Michigan State University - avatar Emery Petchauer, Associate Professor, Michigan State University

Niger has the world's highest birth rate – and that may be a recipe for unrest

While fertility levels have declined rapidly in most parts of the world, many countries in the sub-Saharan African region of the Sahel have seen their reproductive rates go down very slowly, and only ...

John F. May, Adjunct Professor, Georgetown University School of Nursing and Health Studies, Georgetown University - avatar John F. May, Adjunct Professor, Georgetown University School of Nursing and Health Studies, Georgetown University

Nuns were secluded to avoid scandals in early Christian monastic communities

Margareta, head of the women's community at Lippoldsberg (in modern-day Germany) clasps hands with an Augustinian monk as he hands her a book.Lippoldsberg Evangeliary. Kassel, Landesbibliothek, MS the...

Alison I. Beach, Associate Professor of History, The Ohio State University - avatar Alison I. Beach, Associate Professor of History, The Ohio State University

The Australian government has a plan to help the nation’s small and medium-sized businesses – but it’s not a very well-developed one.

Its cornerstone is A$2 billion for a “Securitisation Fund” to provide loans to small business through smaller banks and non-bank lenders, plus a “Business Growth Fund” that will enable big banks and super funds to take passive equity stakes in small business. The assumption is that more money will help small and medium-sized enterprises fund their expansion plans.

The problem is most small and medium companies do not have expansion plans.

The Australian Bureau of Statistics’ first management capability survey, published in August 2017, indicates that only a third of medium-sized companies (defined as those with 20 to 199 employees) have a written plan of any kind. The percentage is much lower for small companies – those with five to 19 employees (and lower still for micro-businesses, employing four or fewer people).

The Australian Centre for Business Growth at the University of South Australia collects data and delivers programs for those running small and medium-sized companies. Since it began in 2014, the centre has worked with more than 1,500 business proprietors. They all wanted to do better. Hardly any of them had a plan.

The federal government’s assistance package seems to assume that access to more capital will accelerate company growth. Our experience suggests executives of small and medium companies need knowledge capital as well as financial capital to grow.

If they don’t know what to do when, who to hire, how to manage people, or how to plan and execute, simply providing more money does not accelerate growth.

This year we collected data from 145 of the companies that have been through one of our growth programs. In the past financial year they increased their revenues, on average, by 27%, their profits by 19%, and employment by 32%. Their growth was the result of learning how to develop and execute an expansion plan, that is, knowing how to generate and where to deploy financial capital in order to grow.

It’s true that small and medium enterprises need money for growth. But before they get funding, they need to learn what to do with that money to grow.

Driver’s education and a proficiency test are compulsory before we give people a licence to drive a car. We need something equivalent before we provide public funds – even as loans – to businesses.

We justify allowing people to borrow against their homes to start a company because it’s “their decision” and “their money”. But if taxpayers’ money is being provided, the federal government has a duty of care to ensure every company has a comprehensive plan for growth before receiving funding.

That plan should cover all the bases from products to markets and customers; culture, people and organisation; finance; risks and externalities; governance and strategy.

If financial capital is not coupled with knowledge capital, investments in small and medium-sized companies will not deliver returns. Only after those running a company understand how to grow, and have a plan to grow, will they achieve what we all want – more jobs, higher wages, and greater economic prosperity for all.

Authors: The Conversation

Read more http://theconversation.com/thanks-for-the-2-billion-for-small-business-expansion-now-all-we-need-are-plans-to-expand-107797