Online payment group gets $70m investment, Inside earn-out clauses, Gina Rinehart launches share raid on Ten Network, Three more company collapses

home | contact us | advertise Dear SmartCompany reader, Today on SmartCompany we talk to the entrepreneurs behind Sydney company OzForex, who have just scored a massive capital injection ($70-110 million, we hear) from two private equity firms. We also look at three more company collapses, get the latest on the R&D bill and look at new software updates from Google and Apple. Plus in Entrepreneur Watch, James Thomson examines why Australia’s richest woman, Gina Rinehart wants a $170 million slice of Ten Network. For all this and more, head to the home page. News Online payment group OzForex gets $70 million investment from US group Three more company collapses show recovery remains patchy Australia’s richest woman Gina Rinehart grabs stake in Ten Network Apple gives multitasking to iPad users in new iOS update New R&D bill passes lower house, but independent senator still undecided Google targets business market with new Microsoft Office plugin Government to submit NBN to Parliamentary inquiry, but senators remain unconvinced on key bill Fairfax Media adopts new structure, Qantas puts A380s back in the air: Economy Roundup Banks weather storm of criticism on social media, new report shows SMEs struggling with data recovery, Symantec report warns How people power is changing business: Gottliebsen Top Story The tricks and traps of earn-out clauses Earn-out clauses are fraught with danger for the selling entrepreneur. Don't get tricked or trapped! BY LEON GETTLER. Wealth Update Six traps of buying property outside your home market It may seem like the ultimate anti-cyclical investing: Australian investors buying houses in the US for seemingly giveaway prices. But buyer beware. BY MICHAEL LAURENCE. Aunty B A good client has suddenly gone bad. Help! Dig deeper. Has there been a change of people? Is there some new regime whereby they are paying bills really slowly? If not you can only conclude one thing: this is a company in big financial trouble. Trends Social media only one part of Google's strategy Apple preparing iPad 2.0 Google sued over Gmail issue People problems Eve Ash Feeling frazzled, stressed & burnt out? We only live once. We should enjoy our work. We should also balance our priorities to make sure we have the time to enjoy our personal life. Business Tech Talk Paul Wallbank Anniversary reflections Two anniversaries give us pause to think about how business has changed in the last quarter century, while a presentation from one of Wall Street’s leading analysts shows where the future may lie. Brand Matters Michel Hogan Not so "powerful" after all Further developments in the ongoing epidemic of promises that can't be kept – what's a brand to do? Entrepreneur Watch James Thomson The Rinehart mystery Just what is behind Gina Rinehart's decision to buy a 10% stake in Ten Network? Here are some of the possible scenarios. Coming Up War, murder, poverty and hemlines – the remarkable story of entrepreneur Abraham Hatoum will inspire all business owners. Best wishes, Amanda Gome Founder / Publisher SmartCompany.com.au There is no doubt that there have been horror stories about acquisitions, let alone people not being able to meet their earn-outs. But I think if the acquisition is performed in accordance with the seller and the seller is continuously kept in the loop and consulted about anything to do with their business, then that should make for a very good acquisition plus earn-out. Otherwise what's the point of doing an acquisition if your intention is to acquire and then rule the roost? It's going to be damaging to any potential business that will come with the acquisition. Helen Logas, Travelcorp Click here for more. FOLLOW US OUR PARTNERS UPCOMING EVENTS

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