SME Inspiration

The biggest and potentially most damaging things business owners fail to do is understand their target market and understand them intimately.

You’ve put in the hours, you’ve watched your business grow and thrive. Now you’re ready to reap the well-earned rewards. But is your business ready?

We’re going to start this piece off with a rather uncomfortable truth: sooner or later, you’re going to fail. It doesn’t matter who you are or what you do.

While there is no one-size-fits-all strategy that will work for all small businesses, there are some fundamental principles that can be helpful for small business owners.

Growth and profitability can be achieved by focusing on one or two areas at a time and working up from there.

Constant reinvention across all industries and sectors characterises the way business is being run in the digiworld. Those with bigger capabilities are winning.

Complacency has seen the demise of many brands. It is the worst mistake businesses, especially startups, can make. Yet, it doesn’t get the same share of voice as other challenges.

There are many who want to move to Australia to start a business, and there are natives of the continent who would love to be their own boss. These instructions can help you start your own business and find your freedom.

Your idea may have the potential to be a bona fide success. But if you want to get serious investors interested in your startup, you’re going to need more than just a brilliant idea.

Most people are not smart enough to invent a jet pack. I’m talking about a personal jet pack that actually flies.

For many budding entrepreneurs it can be difficult to transform an innovative idea into a successful business. Unfortunately, it’s all too easy to let a potentially life-changing idea slip through the cracks and never materialise.

Pace, innovation, a focus on customer service and great marketing are all key to developing a great start-up in Silicon Valley; a model which Australian start-ups can, and should emulate.

Entrepreneurial spirit is one of the key drivers in a family business. Much of this spirit is comprised of self-motivation or inner drive and the need to follow a passion.

The home improvement industry is one arena in which a skilful and tenacious Australian entrepreneur may be interested in starting a vibrant SME.

Earlier this month I was in San Francisco and New York. This was my first trip to the US as an angel investor and in spite of hearing all about how different and dynamic the market is compared to Australia I was still amazed.

While the most recent SME Confidence Report sees increased optimism over the Christmas period, growth in SMEs can be hindered by three major factors: emotional decision making, lack of attention to detail, and the business-as-a-hobby mentality.

Do you, like most other people trying to run a business, feel like you are trying to schedule in a hundred different things a day?

Entrepreneurs and business owners get into the game for many reasons. Money, power, to change the world, help people, leave a legacy or just as an alternate to working for someone else.

The belief that your business is too small or too insignificant to be a target of cyber criminals is precisely the problem. In fact, that’s the kind of thinking that cyber crims are quite literally banking on.  The damage caused by security breach cannot be overstated. It directly affects your brand, can cost a lot […]

There are some fantastic not-for-profits out there, which find great ways to engage stakeholders and raise awareness of their cause.