There are plenty of businesses being started across Australia every day. Most make it to revenue; many generate decent revenue; but an overwhelming majority hit significant growth pains.
According to a report from The Forum Corporation, employees / contractors aren’t as engaged in their work as they should be; in turn, employees aren’t holding themselves accountable to complete work to the best of their ability.
There is an interesting trend when it comes to the rise of private colleges in Australia and the flexibility and structure of the staff in these businesses. Many have started to systemise all of their enrolment and administrative needs turning to platforms like oDesk.com to create infrastructure that allows them to scale from a handful to hundreds of students in a very short amount of time.
Now you can outsource almost any task – from app development to architecture and in many of these cases, the selection of the actual person that completes the task is critical to the quality of the outcome.
It’s not easy starting a business. Statistically, the odds are against you. A survey by Bloomberg has revealed that a shocking 80% of small companies fail within their first 18 months of existence.
Quite often startups mistake ‘nobody complaining’ about the technology as an interpretation of everybody being happy with it.
There are currently over 7 billion humans on earth, and over half of that population sit directly above Australia on the map. Asia is full of opportunities for expanding Australian startups, so why is it that we head straight to the US market to grow and scale our ventures instead of looking in our own region first?
At first glance, Mothers Groupie seems like ‘just another social network’ dedicated to newfound mums – but on further reflection, it’s potential becomes apparent as long as the business model is executed well.
BNPL founders pile into record $15.5 million seed round for insurtech startup Honey
World Wide Web inventor Tim Berners-Lee is selling the source code as an NFT
Australian founders are backing a local chapter of US angel VC The Fund as it launches locally
Fixed income fintech Blossom lands $3.4 million in investments its first week
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