Startup
Starting a business is an immensely complex process. It begins with an idea, and evolves into a long struggle of putting that idea into action. You may need to rent a workspace, hire employees, design products or organise services, and establish a working price model—and that’s all before you even open for business. Once everything […]
There is an old African proverb that goes, “If you want to go quickly, go alone, but if you want to go far, go together.” In the world of startups, going together often means going both faster and further. According to Startup Genome, a project that analysed a dataset of 100,000 startups over a few […]
There are two kinds of startups – those who succeed and others who constantly try. In Britain, at least half the companies fail to last more than five years and in the US, three out of four startups are going bust without managing to turn a profit. The team and leader define the success of […]
While there are certain things that reality television shows have in common – the vast majority of them seem to keep us glued to our seats while, at the same time, make us cringe at some of the things people do or say – not all reality TV shows are created equal. Some are little […]
One of the requirements for businesses to secure a bank loan is to have a formal business plan in place. According to the State Government of Victoria’s Business Victoria website, “When applying for a business loan, it’s essential to prepare a detailed business plan and fully inform the lender about your proposed venture. This information […]
Today I am proud to be throwing my support behind Australia’s startup sector by getting involved in UberPITCH as part of the 2015 SydStart Conference. The initiative, which has successfully run in San Francisco and India, gives entrepreneurs the chance pitch their idea to accomplished entrepreneurs for fifteen minutes. I’ve travelled the world for business […]
It’s said that buying a property is one of the most stressful life events. Further, mortgage lender incompetence, bank and finance problems are in the top 20 most stressful aspects of selling a property. For two people, those frustrations spawned the next big idea to hit the FinTech industry. Mandeep Sodhi, a loyal customer to […]
In and out of the media like a troubled celebrity, we’re all familiar with the plight of Uber. Uber the disruptor. But who would have thought that someone would spot an opportunity to disrupt the disruptor and the already disrupted. Well – ex-Uber driver, John Sajadi did. Seeing the legal and regulatory issues which were […]
Once upon a time you were extremely passionate about your dreams, and you chose to be amongst those who left no stones unturned when it came to shaping your dreams into a reality. Well, great job you did there. But, now what? Are you contemplating your decision of taking this path for you? Have you […]
Australia’s national peak advocacy group for technology entrepreneurship, StartupAUS, has outlined its Federal policy priorities to improve capital and talent for Australian startups and strengthen economic prosperity. The recommendations were presented to The Hon. Christopher Pyne, Minister for Industry, Innovation and Science last Friday 9th October at a special board meeting. Policy action items recommended […]
Business owners can be cautious thinkers, looking out for every possible roadblock their business may encounter. It is a both a blessing and a curse, as there are situations when it can serve a business owner well and other times, being ultra conservative can be a hindrance. Being over cautious is often the case when it comes […]
“You must spend money to make money”, said Titus Plautus, a Roman playwright from the BC era. This quote that has stood the test of time probably rings truer to those marketing their products or services. For startups trying to grow their business, this is a paradoxical situation. While technology and social media has enabled […]
From and early age, Greg Moshal has always been involved in small business. With his beginnings in a family venture to owning his own, the struggles of obtaining finance to start and grow a business became an all too familiar story. Speaking of his own experience starting and running a business, Greg told Dynamic Business […]
Successful entrepreneurs have lots of things in spades – great ideas, the passion to bring them to life and the guts to turn them into a business. But budgets are tight in the startup world and an entrepreneur also needs to be great at managing them. Couple this skill with the right mix of work […]
Launching your brand internationally is a growth strategy that follows from success. But success in one market shouldn’t be construed as a right of passage to success in another. The failure of Starbucks in their attempt to import an Americanised version of ‘coffee culture’ into Australia, a country already au fait with it’s coffee habits, […]
Building customer loyalty can be a challenge when getting a new business off the ground. The secret is to get to know your customers, find a way to relate to them and exceed their expectations at every turn. This will create positive word-of-mouth, and bring in more business for you. Here are some tips to […]
Have you ever travelled, offered to bring something back and ended up with a shopping list and half your luggage allowance already accounted for? For Alex Hsu, this was an all too common predicament. Frequently travelling to the US for his IT business trading computer parts, Alex became inundated with requests for running shoes, typically […]
Black Velvet is a Melbourne based boutique roastery and espresso bar that supplies quality beans to cafes and home baristas alike. Their second store based in the Galleria on Bourke St, which opened two months ago is already doing a roaring trade with thanks to the teams’ refocus on data and analytics to power and […]
For Andrey Shirben, entrepreneurialism is not defined by simply starting and running a business. Beginning in Israel at the early age of 19, Shirben soon identified himself as an entrepreneur with wider aspirations to build and grow businesses of the future. Anticipating an impending boom of online business, Shirben sought to realise his goals by […]
Aside from managing the pressures of running your own business, young entrepreneurs can be subjected to certain social attitudes and stereotypes that make it even more difficult to be successful and obtain a secure position in the business world. This could be considered the best and easiest moment in history to become an entrepreneur with […]
