By: Tarik Voirin and Tim Martino Innovation and entrepreneurship are on the agenda in Australia and the prospects for talented young innovators to take their ideas and products to market are brighter than ever. But what should young entrepreneurs know before starting a business? There are inherent pitfalls in entrepreneurship but a few key points […]
By: Lachlan Heussler “The biggest mistakes that tech startups make is trying to reinvent the wheel.” (Andrew Bosworth, Global Director of Engineering, Facebook) Ever spent time building a product or tool only to find it already exists? Was it because you didn’t seek out, or have access to guidance and advice? Reinventing the wheel in this […]
By: Pembertown We are all taught that we should aim to reduce our debt levels and some of us are better at it than others. There are however a number of strategies to reduce debt effectively and in some instances holding debt can make sense as a wealth creation strategy. There are effectively three types […]
By: Lachlan Heussler Working capital is the money that’s available for your business’s use on a day to day basis. Here are five ways to access more of it when unexpected expenses crop up. Justine runs a shoe store in her home town. She’s the organised type and always pays her bills on time, checks her […]
By: Philip Piletic Product distribution resides at the heart of getting your products into the hands of consumers. Any startup business, no matter where they operate from, must overcome the basic problems of distribution in order to generate meaningful profits. The more avenues through which your startup can move product, the more potential income streams you […]
By: Cathy Anderson Some people in the world are numbers people. They love figures and maths and spreadsheets. Then there’s the rest of us. Many small business owners, who usually start their business because of their own speciality skills, can struggle with the daily grind of managing cashflow, budgets, invoicing and payments particularly if they’ve never […]
By: Max Newnham There are many components to running a successful business. In addition to focusing on excellent customer service, treating business more as a partnership rather than a competition is a major contributor. By this I mean most successful businesses are run by people who recognise they must work collaboratively with suppliers, employees, customers, and […]
Thousands of Australians have more than one superannuation account (super fund) – meaning more fees and less interest. Knowing how to find lost super accounts and then consolidate multiple accounts into a single superannuation account is certainly worth your time. By taking a moment to combine your multiple accounts, you’ll be putting more money in […]
By Daniel Wirjoprawiro The best startup founders have a deep understanding of the risks facing their business – they maximise their chances of success by mitigating or eliminating bad risks and deliberately taking smart risks. Risk management should be top of mind for founders, especially material risks that pose a threat to the existence and […]
By: Sebastian Pedavoli So you have a big idea. You’ve got your team. You’ve proven your idea has legs. Now you just need the money to really kick start your company. So what do you do? You could sell up everything you own; take out a huge bank loan (for a risky idea they’ll be hesitant […]
