Beat the jitters: startup cash crunch secrets

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

Ten ways to waste money on a start-up

How to blow money fast – 10 stupid expenses to avoid at all costs

So you want to avoid blowing money and busting the budget?

Regardless of whether Australia’s fabled “Goldilocks economy” stays strong despite the floods and forecast housing bubble, thrift always makes sense. After all, saving a dollar is easier than earning one.

The question is how to be frugal without wreaking personal industrial sabotage. Essentially, the trick is to skip paying for anything that scores high on style but low in utility.

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“Many start-up entrepreneurs subscribe to the romance of running their own empire and shy away from the reality,” says the head strategist at Sydney-based Financial Spectrum, Brenton Tong. The result, Tong says, is squandered cash.

Learn about some enticing expense traps that you must sidestep. With sales expectations at a 19-month low, the money you save could be vital. Read more…


March 14, 2011

How to grow an idea

There is no formula for hot ideas. You have to learn to recognise them – and learn how to act on them, says start-up guru, John English.

On the hunt for a new idea perfect for converting into a business? Already thought of an idea with bags of potential

Either way, business writer Jack English appears uniquely qualified to cast light on the dark art of incubation. A cut above the typical have-a-go school-of-hard-knocks go-getter, John English is a University of Tasmania professor in entrepreneurship and Deputy Director of the Australian Innovation Research Centre.

What’s more, the self-styled ‘shy and retiring academic’ with a string of successful Australian and overseas businesses behind him has written over 20 books.

His best-known: the best-selling entrepreneur’s bible How to Organise and Operate a Small Business, which is still in print after 25 years. Read more at the Age…


June 23, 2009

Swimming with sharks

SYDNEY-based entrepreneur Bart Jellema runs turbocharged start-up camps. The thrust of each camp, run in Sydney or Melbourne over a weekend, is to launch a trickle of viable companies.
Coders and innovators of all stripes attend. Offshoots range from a pet dating agency to an iPhone road hazard alert application.
Jellema’s own start-up is the shopping portal, Tjoos (motto: ”More coupons – less crap”), which he has run from home with his partner, computer science graduate Kim Chen, since 2007.
In his spare time, the 32-year-old self-made man teaches diving. Read more at The Age…


February 4, 2009