In late 2015, FinTech startup MoneyBrilliant officially re-released itself. A “virtual financial assistant” that brought people’s personal finances together under one digital umbrella.
$50 million in revenue, has over 425,000 subscribers, is enjoying 100% year on year growth and recently raised another $25 million in funding to assist with its aggressive plans to conquer the Asian wine market.
Today digital marketplace Envato boasts stats that every startup founder dreams of; over 6 million members within its community, users in over 200 countries and there are over 1.5 million active buyers and sellers spending and making money via the various Envato product platforms which between them house over 9 million creative assets.
While aspiring entrepreneurs may look to those who have achieved success and think they have surely forgotten what it was like to struggle with the fear of failure in the early days, even the most successful of entrepreneurs still remember those same feelings – in fact, it’s often those feelings that push them to keep going.
Ask anyone why their multi-million dollar idea didn’t become a reality and you will receive the most common reply in startup land: failure. It’s a daunting experience for every founder, no matter how confident, to take the leap and dive head first into the world of startups.
Given the investment of time and money – and personal sanity – that goes into running your own business, it goes without saying that every entrepreneur wants to be successful. However, success means different things to every entrepreneur. Some may be happy owning a small but bustling bricks and mortar store that gives them a […]
For startups one of the first challenges to overcome is risk. Transforming an idea into a viable product or service involves weighing up financial and time management risks. From a very early stage founders must ask themselves whether they should drop everything and place all efforts into their new business endeavour. For some Aussie startups […]
When starting a business the first thing that needs to be considered is the structure, whether the business is a sole trader, company or partnership. The decision ultimately depends upon the type of business, where the business is headed, personal circumstances and whether it’s a small or large enterprise. Each business structure has pros and […]
When it comes to launching a business there are many tasks that need to be completed from getting your ABN from the ATO, to securing your business name from ASIC and getting a domain name from a web host provider. All these tasks are entangled in the process of launching a business and can be a major road block, wasting valuable time, money and resources.