My Best Mistake
Sustainability is a motivating force for many start-ups. But as Polli founders Tess Lloyd and Maja Rose found out, growing an environmentally-sound business can pose some challenges.
Social enterprises are an increasingly popular option for entrepreneurs keen to make a difference. However, as Thankyou Water founder Daniel Flynn discovered, even the most important social projects need capital to get started.
Some entrepreneurs say they knew from an early age they were destined to start their own business. But for RecruitLoop co-founder Paul Slezak, the revelation came after 15 years in the corporate world.
Cider has given the Barton brothers a profitable fizz. However, the Chilli Marketing founders had to learn some sour lessons about the value of cashflow first.
Alec Lynch pondered his design crowdsourcing idea for a year, in which time a rival started and secured $3 million in funding. Lynch explains how he learned that start-ups have a need for speed.
Many entrepreneurs fear they’ll run out of stock. However, as Anything Baby founder Sharon Fong discovered, overstocking can be just as costly.
SumoSalad has shaken up the market by bringing healthy options to Australian food courts. However, as co-founders Luke Baylis and James Miller discovered, reshaping an established industry can be a challenge.
Ambition and determination are important to have in business. But as Living Environs founder Sam Keats discovered, the will to succeed counts for little if you don’t have enough capital.
Over the past decades, China has become the manufacturing hub of the world. However, as jewellery designer Amber Sceats discovered, sometimes Chinese suppliers aren’t the best option.
When you’re building a business, it can be tempting to sell to anyone who is willing to buy. But as Vend founder Vaughan Rowsell discovered, not all customers are right for your business. BY MICHELLE HAMMOND.
Fred Schebesta had a clear vision when he launched Finder.com.au. However, when growing traffic failed to convert into increased sales, he had to refine his business plan. BY MICHELLE HAMMOND.
PJ’s Steaks owner PJ Chang scoured the globe for the perfect location for his all-American restaurant. Along the way, start-up costs and compliance issues proved to be a real challenge. BY MICHELLE HAMMOND.
Stan Gordon built the Franchised Food Company after migrating from South Africa. Along the way, he learnt a valuable lesson about the Australian market. BY MICHELLE HAMMOND.
A robbery is a tough hurdle for any business to overcome. However, for Screenwise founder Denise Roberts, the experience taught her a vital lesson about communication. BY MICHELLE HAMMOND.
There are advantages to starting a business with family members. However, as the Barge brothers discovered, clearly defined roles are critical, even when your business partners are also your brothers. BY MICHELLE HAMMOND.
One of the challenges of being an importer is quality control over your overseas suppliers. As Market Basket Co. founder Lindy McLeod discovered, personal contact is important for building trust. BY MICHELLE HAMMOND.
Some businesses use their headcount as a measure of success. But as Pod Puraceuticals founder Alison Vickery discovered, a business can also grow by outsourcing work to specialist contractors. BY MICHELLE HAMMOND.
After Rod Shepperd came up with the EcoSwitch, he tried finding a manufacturer for it. However, he soon discovered doing business in China can pose some unforeseen challenges. BY MICHELLE HAMMOND.
Building a global jewellery label may seem glamorous. However, as Marissa Gouras of Georgini discovered, maintaining momentum is difficult without enough finance. BY MICHELLE HAMMOND.
In many ways, launching a second business is easier than starting your first one. However, as Chanel Costabir discovered, there is a risk that your two businesses might be too similar. BY MICHELLE HAMMOND.