On 21 February 2019, AusIndustry released new software guidance documents: “Software Activities and the R&D Tax Incentive” and a “Guide to Common Errors”.
Entrepreneurs are more than just business owners. They are visionaries and risk takers. They have a passion and insatiable drive to develop a business, taking on risk in the hope of financial gain. They are often the people that disrupt an industry and provide change and new and innovative products to the market.
Are you a thought leader? It seems to be the buzz word of this decade, but what is it? Often when we are in business we are focused on the tasks at hand, where is the next product, sale, or income stream coming from. We are so deep into our business that we don’t always stop and think about the legacy we are leaving or the wisdom that we are imparting on others.
Australia is an attractive market to set up a business. Ranked third in the Asia Pacific region for overall competitiveness, and world wide for countries with a population over 20 million, it comes second to the United States. However, there are a number of considerations when choosing how to enter the Australian market.
By now you’ve probably settled back in to the working week, feeling recharged from the Christmas break. Your team is well rested and motivated to get stuck into all that 2019 has install. With your optimistic outlook and the positive energy surrounding your business it makes
January is the perfect month to reflect on the past twelve months and revise your strategies for the year ahead.
You have a startup and it has great potential, might even be the next big thing. So how do you upscale for significant growth in the beginning? Why are some of these tech startups seeing what seems like overnight success going from $0 to millions in a couple of years? The answer is often through an accelerator program.
Running a business from the other side of the world can be kind of like a long distance relationship. There needs to be a great deal of trust and communication plus a lot of passion and commitment to keep it going.
Doing business internationally has never been easier. Technology has not only solved many problems, but it has made it so cheap that companies of any size can be competing on the international market.
Here are some tech tools that will make your life easier when doing international business:
Despite accounting’s boring reputation, it can't be emphasized too much how essential it is that your business follows best practice accounting principles right from the start. No matter what size your startup is, there are some fundamentals that even the smallest self funded startup should be applying from the get go.
To keep your people costs down it can be beneficial to automate as many of your processes as you can.
Expanding internationally is exciting and rewarding, but the hard reality is that every country in which you operate is different. Along the way, we’ve learned valuable lessons about conducting business across borders.
There are a few things you should consider before you start taking your Australian business globally.