Wednesday 18 January
Ticketek’s recent $2.5 million fine for anti-competitive behaviour is a stark reminder to start-ups of the constant challenge of breaking into a market dominated by a small group of players.
While most large businesses won’t get hit with such enormous fines for trade practices violations, almost every incumbent will use their market power to marginalise newcomers.
Today, we speak to the experts on what start-ups should do when faced by a near-monopoly, as well as outline the legal options available to those being blocked from customers or resources.
Elsewhere, mentor Philip Weinman gives his investor pitching tips and we take a look at the strategies that Australian SMEs are adopting in 2012.