Startup
Carving out a niche in the sharing economy might seem a tall order, considering the dominance of such heavy hitters as AirBnB and Uber. Rather than being intimidated by the competition, GoFetch founder Blair Smith has braved the chaos and the Catch 22s of the startup world to fulfil his mission to ‘deliver your life […]
Contrary to popular belief, effective marketing doesn’t require copious amounts of time and money; it just requires smart strategy. For start-ups with resource constraints, marketing can be neglected, and not prioritised as an effective way to propel their business into the market. However, in the competitive digital landscape, there is an increasing need for more […]
The steps prospective startup founders and franchisees must take to hit the ground running, and the common mistakes they should avoid, were revealed to Dynamic Business in a recent Q&A session with Dan Newton, the CEO of Snap Fitness Australia. Since joining Snap Fitness nine months ago, Newton said he has made it his mission to transform the company’s internal processes and […]
The traditional work landscape is shifting, and more and more workers are trying to break away from sterile cubicles and rigid 9 to 5 schedules. We are witnessing new dynamic work environments where everyone is empowered through greater control and flexibility regarding workflow. Gone are the pushy bosses and policies, once set in stone. In their […]
Despite federal election promises of greater support for SMEs, businesses owners remain pessimistic about the Australian economy, with two in five expecting it to worsen in the coming year, the latest MYOB Business Monitor revealed. The bi-annual national survey of over 1,000 SME operators found that 42% believe the economy will decline over the […]
Intellectual property, such as patents and copyrights can represent a significant portion of a company’s assets – particularly for highly innovative start-ups. Currently, intangible assets are subject to a legislative “effective life” period which is used to calculate their rate of depreciation. However, these existing provisions which mandate their life span are inflexible and often […]
Startups that fail to exercise resource parsimony or understand the job their customers want to get done will not survive against larger companies and risk falling afoul of investors, a prominent strategy expert has warned. In Sydney last month to participate in the World Business Forum (25 to 26 May), Rita McGrath, a professor at […]
Most first businesses struggle to make it past their first year in operation. If you are planning on going into business for yourself and you want to survive, especially in a crowded sector such as IT, you’ll need to strike a balance between product focus and service versatility. Here are some reasons making your first […]
How time flies. It has now been 12 years since my baby and all-consuming obsession, Firefly in Neutral Bay, took shape. More than a decade on, Firefly has not only endured but thrived and, in my humble opinion, it’s one of the best bars and restaurants on Sydney’s North Shore. The bar scene can be a cruel mistress. It […]
Congratulations! You’re in the final stages of setting up your ecommerce business and your product will soon be in the hands of eager customers. Now you need to decide how you want your customers to pay for the products they buy on your site. This involves finding a payment processing partner, the company responsible for handling […]
The Prime Minister’s recent pledge to pump $15 million into his government’s Incubator Support Program for startups, if re-elected next month, is a good start but far from sufficient, according to Australia’s peak startup body, StartupAUS. CEO of StartupAUS, Alex McCauley said the additional funding for accelerators and incubators will genuinely help startups. “Funding for incubators and accelerators is important and […]
There’s no doubt that starting a new business is an exciting time, however it can also be very stressful. You don’t yet know if the concept will work, you are pouring money into your dream and you are forgoing hours where you could be earning money working for someone else. Furthermore, you often work much […]
As a budding startup founder, you must have a lot of questions about your potential but you are also probably aware that 4 out of 5 startups fail. So, let’s start this piece with an inspirational story. Meet Frederik Van Huyn, a CEO of Absolute Internship. Frederik started his company with only $2000 in his pocket, and today […]
Turning your business into a success is only half the battle. Failing to make the most of the value and wealth your business generates, completely undermines the blood, sweat and tears required to extract value from your business. Business owners/managers spend so much time providing value to customers, that they often overlook the importance of […]
Too many people jump straight into business with little to no experience and only to get burnt because of lack in preparation and knowledge. Business is a unique skill set that needs to be nurtured and developed over time, with experience. So how do you maintain your level of sanity in starting a new venture? […]
Many successful business owners look back on their first year of trading and often wonder how they got through those early days and created an established business out of the chaos and confusion that can sometimes engulf you during this embryonic time. From juggling your cashflow to maybe even dealing with TAC claims, there are […]
Too often we hear of businesses going bankrupt and startups closing their doors because times are tough. Over 50% of small businesses fail in the first year and 95% fail within the first five years. But why is that? And more importantly what can you do to avoid this happening to you? The following 5 […]
When I came to Australia from the UK, via Hong Kong, and started my ‘’start-up’’ business, I didn’t know anyone and almost no one knew me. My previous experience, reputation network and endorsements carried little weight down under. 5 reasons and more! I guess my background in PR helped, but it is Public Relations […]
StartupAUS, Australia’s peak advocacy group for startups, welcomed support for Fintech and expansion of the New Enterprise Investment Scheme (NEIS) in the Federal Government’s 2016 budget, but CEO of StartupAUS Alex McCauley believes that overall this budget was a disappointment for startups with few advances on previous measures. McCauley says this budget was a chance for the “Government […]
When you are starting out in business, you will recognise that it can be a very lonely experience. You may have a couple of key people who are your ‘go to’ resource for advice. It is quite common for business owners to reach out to a former colleague, mentor, maybe a family member or even their accountant. However, […]
