Presumably, your start-up pursues more intelligent strategies. Still, doubtless, you commit your share of mistakes. Read at the Sydney Morning Herald..
Even if your start-up is just scraping along, you can always dream about flipping it for a fortune. It happens.
In February, Apple bought the Australian discovery start-up Chomp for $US50 million. In June, Microsoft bought the social enterprise start-up Yammer for a dazzling $US1.2 billion. And on October 25, Yahoo snapped up the New York City-based smartphone app maker Stamped for a secret sum.
Here, two start-up experts tell how to raise your chances of getting bought out and joining the ranks of Chomp, Yammer and Stamped.
Read more at the Sydney Morning Herald.
Launching a start-up is easier than ever. But, because entry barriers verge on non-existent and everyone wants to be the next Facebook, Twitter or Dropbox, competition is fierce.
The intensity raises the question of how you stand out, especially if you lack clout or capital. A new business guide by Bloomberg business wiz Jason Baptiste, The Ultralight Startup, shows that you do not need an MBA, a trust fund, or even experience running your own firm to become a tech world star.
One of Baptiste’s success tips is that you should build a product you need – Foursquare founder Dennis Crowley built an early model of his product because he wanted to keep in touch with ex-colleagues. Read more at the Sydney Morning Herald..
If you thought starting a business means tonnes of crushingly tedious admin, think again. In Australia – the world’s second fastest country for starting up after New Zealand – the process takes two days, according to the World Bank and the International Finance Corporation.
The question is how, after your snappy start, you adapt to running your business with no salary. How, unless you have a rich spouse, do you avoid going broke amid “financial armageddon” talk?
Read more at the Sydney Morning Herald…
The dream is compelling. In it, you shift your business to a low-overheads tropical paradise then work remotely amid the scent of frangipani and the hypnotic hubbub of frogs.
Instead of just fantasising, Hornsby-raised Stuart McDonald, 39, and his journalist wife Samantha pursued the dream, heading east in 1997. Now the Bali-based couple only return for family trips. “We came as backpackers and liked it so much we stayed,” McDonald says, his Aussie twang still strong. Read more at the Age…
Cost cuts can seem like hard work – a masochistic measure best left to beleaguered British and German politicians. But making cuts boosts your bank balance and demands less effort than working harder, or smarter – however you do that. With cuts, you must just be observant: pinpoint the areas where costs can be shaved, then whittle away.
So that you can find the best deals across a range of expenses with little fuss, here is a round-up of some price comparison hubs, most of which have an Aussie slant. The list covers everything from Bankwest to broadband.
The leads should be especially handy if you run a startup that has scant cash splashing around. Prepare to get clicking and scrimping. Read more at the Age…
Never underestimate the power of a daft idea. Oddball entrepreneurs have made millions from products that appeared preposterous.
When the planets align right, droves of consumers will buy the craziest thingamajigs, irrespective of taste or utility. If you are canny, you too could successfully plug a product with a touch of the funhouse, or madhouse, about it.
For a sense of the opposition, discover some of the most unlikely commercial winners ever devised. The hits that must once have looked like surefire flops embody the idea that you should zig when rivals zag. Read more at the Age…