A quarter of CEOs who have experienced a business failure cited lack of leadership and management, and lack of planning and execution as the key reasons leading to the failure.
Two months further on we still didn’t have any product to speak of – let alone demonstrate to potential customers. Alarm bells started ringing.
Although it was in some ways a long time coming, it was still incredibly difficult to let go of something that we had put so much into for 5 years and say goodbye forever.
Disruption needs construction: startups and new ventures need to invest equal weight in both the offer and experience, while brand thinking needs to sit at the core of business thinking.
There is a stigma about having an unsuccessful startup, but a failed startup shouldn’t be viewed so negatively by those in the business world, or by others.
Despite the buzz around on-demand startups, running a business based on logistics is difficult for everyone, whether it’s Deliveroo or smaller players.
In shuttering Our Little Foxes, its founders honed in on their vision and community’s needs for a future business
The key challenges that would eventually lead to the closing of Sydney company Our Little Foxes were chronicled in a documentary series, Dream Academy.
“It was so obvious the team was so much more excited about tackling this new problem that’s now Tayble than keep beating down the path of Deal Tap.”
BuddingTech founder Adam Miller learned not to over-promise and under-deliver in his previous business
Tuteable’s original iteration sought to allow users with a specific, time sensitive problem to connect with ‘tutors’ able to help them solve it through the use of video chat and a virtual classroom.
One might be hard pressed to find a founder who tells their failure story with as much good humour as Vinomofo’s Andre Eikmeier.
To connect startups with early adopters from around the world and address the issues of poor user conversion rates is Melbourne online marketplace Get Worm.
It’s often very amusing trawling through the startup zeitgeist to see how many posts there are on ‘How to succeed’ or ‘The secret to startup success’. I read these articles and wonder how this journalist is in any position to be dictating specific steps on how to be successful within a technology business.