Startup Advice

May 22, 2017

3 Things You Aren’t Doing Right When Raising Business Funds

Melbourne start-ups face many challenges but perhaps nothing else in this list is more daunting to most founders than raising money. But what can you do, you need funds when you’re starting a business and possibly more when looking to expand. Most of the time, using personal savings isn’t an option and you’d rather ask from lenders or investors than from family and friends. Money, after all, can be a sensitive issue and you want to avoid that in your circle. In raising business funding, making sacrifices isn’t unusual – and so is making mistakes. However, if you are not open to fine-tuning your strategy, you will just find yourself back in rejection zone. Below are five of the most […]
March 6, 2017

3 Surprising Things About Australia’s Startup Scene

The Startup Muster 2016 report is full of stats on Australia’s startup scene, but which were the most surprising to its Chief Executive, Monica Wulff? Last week Startup Muster released the report, looking at the state of play in startup land. The comprehensive report is full of great stats and lovely infographics, but some of the findings took Wulff by surprise. Here are three of them. ‘I just had to do it’ There was an increase in the number of people who selected ‘I had no other option’ when asked why they had gotten into the startup game. While Wulff said she had yet to crunch the data, she had a suspicion that this response largely came from female founders. […]
June 3, 2016

3 Things You Aren’t Doing Right When Raising Business Funds

Melbourne start-ups face many challenges but perhaps nothing else in this list is more daunting to most founders than raising money. But what can you do, you need funds when you’re starting a business and possibly more when looking to expand. Most of the time, using personal savings isn’t an option and you’d rather ask from lenders or investors than from family and friends. Money, after all, can be a sensitive issue and you want to avoid that in your circle. In raising business funding, making sacrifices isn’t unusual – and so is making mistakes. However, if you are not open to fine-tuning your strategy, you will just find yourself back in rejection zone. Below are five of the most […]
May 31, 2016

3 Things to Consider Before You Set Up a Small Business in Melbourne

Melbourne’s business environment takes pride in housing numerous multinational companies but it also beams with a vast number of small businesses. Many of which continue to flourish in this awesome city. After all, the place isn’t lacking in people with purchasing power. Owners of small businesses are aware, however, that this isn’t enough to score success. You need a concrete business plan to start with and constant effort to keep the business afloat. When setting up a small business in this bustling city, here are three things that should be in your priority list. A marketable service or product. It’s enticing to sell something that has little or no competition, but perhaps competition is scarce simply because the market sees […]