Malcolm Turnbull, the Opposition communications spokesman, has urged start-ups to do more to promote their own successes, claiming that Australia needs to start celebrating the “creative destruction” of industries in order to foster cutting-edge innovation.
Gone are the days when you can choose your new business’ name and logo safe in the knowledge that it won’t immediately be picked apart by consumers across the world.
Small businesses excel in their innovative thinking but fall down in areas such as planning, the head of Enterprise Connect claims, suggesting start-ups need to strike a better balance between management and creativity.
Photo-sharing app Instagram is hoping to raise a new round of funding worth about $40 million, which will value the start-up at close to $500 million, after surpassing 27 million registered users.
Small businesses are warned to pay attention to their catalogue advertising after six Harvey Norman franchisees were fined for advertising items they could not supply.