You have a great idea, even a brilliant one. A new product or technology that hasn’t been seen before in your market, so it should be a done deal right?
It is estimated that 70% of startups struggle with scaling. Getting a product to market and then gaining some initial interest and excitement is hard work, but it really is just the beginning. Once you have a working business and the wheels are churning then you need to be able to scale that business in order to maintain the future of the business.
Here are our top three areas we feel that many CEO’s miss and need to be doing in order to scale successfully.
Artificial Intelligence (AI) was a thing of science fiction fantasy in the not so distant past, but now it seems to be part of the business vernacular.
On 21 February 2019, AusIndustry released new software guidance documents: “Software Activities and the R&D Tax Incentive” and a “Guide to Common Errors”.
Entrepreneur is a pretty cool term. It is certainly a buzz word at the moment, with many people choosing to leave behind the security of a job to start their own business.
Every entrepreneur has a different story about why he or she decided to go on that road. But if you are considering starting your own business, here are a few truths about just what it takes to build a successful business and be an entrepreneur.
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.
Starting a business can be a roller coaster of emotions. But there comes a day when the dust has settled where you have to start generating new business, but how do you grow your business when you haven’t got much revenue to work with?
Here are our top tips for scaling your startup when you need to stick to a tight budget.
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.
There is one thing that entrepreneurs want, and that is to be better. They are constantly striving for bigger and better. Never satisfied, they are always looking to achieve great things. But the one thing that will bring about the greatest shift for an entrepreneur is within. Working and investing on themselves is the best investment an Entrepreneur can make.
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.
Artificial intelligence ("AI") has been around for a while. In fact for the last 30 years it has fuelled most science fiction novels and movies. But it is now becoming more approachable for every day people and many people whether they realise it or not are using it already in their home and office. The rapid growth of ‘smart home’ devices such as Google Home and Amazon’s Alexa demonstrates the consumers appetite for such products. So where does this leave small business?
You have just started in a new business and you want to make your mark, stand out from the crowd and make a good first impression in your industry and with clients. Here are 5 things you can do straight away to set yourself apart: