Strategy

Advice How do I set my pricing?

Your selling price can be based on value, or cost.

Advice How do I assess the strengths and weaknesses of my business?

One of the most common methods of assessing the strengths and weaknesses of your business is to conduct a SWOT analysis.

Advice How do I fund the growth of my business?

Growth requires capital to invest in people, property, plant, equipment, systems and other resources. Getting this capital is not easy, particularly in the current credit-constrained conditions.

Advice Should I export?

Exporting your goods or services to the world is a great ambition, but it can be tough. Exporting takes careful research and planning, large amounts of capital and resources, and a strong focus.

Advice How do I measure the success of my business with key performance indicators?

Measuring the progress of your business can be done in several ways – at a big-picture level, you might look at sales and sales growth, profit or the size of dividends you are taking out of the business.

News Jayride.com raises $400k from local investors

Land travel marketplace Jayride.com has secured $400,000 in funding from local investors, including angel investor Andrey Shirben, as it prepares to crack the UK market.

News AngelCube incubator to double intake for next start-up round

AngelCube, the Melbourne-based incubator, will open applications for its second round of start-ups tomorrow, increasing its intake to eight teams, with a special interest in marketplace concepts and software-as-a-service.

News Adelaide start-up Thereitis.com scores $2 million investment to fuel global expansion

Thereitis.com, an Adelaide-based tech start-up, has secured $2 million in angel funding from local investors, as the business gears up for rapid expansion across the globe.

Features Striking it rich

In 2002, Michael Schreiber opened the first Strike Bowling Bar. Since then, Strike has grown into a $30 million revenue business employing more than 300 staff. This is how Schreiber bowled his competition over. BY MICHELLE HAMMOND.

Features The dangers of committing to a big partnership

John Kelly from Atomo Diagnostics thought he had a financial backer, until they were taken over. This is how he saved his business. BY MICHELLE HAMMOND.

News US start-up uses crowdfunding to open 30 stores in one day

A US-based start-up is planning to open thirty stores on the same date and at the same time, using crowdfunding to finance the rapid expansion, suggesting start-ups here can do the same.

News Billabong to cut 150 stores and 400 staff to fend off $765 million private equity offer

Under-pressure surfwear chain Billabong International has emerged from a trading halt to play hardball on a private equity offer and deliver a wide-ranging plan to cut costs.

Start-up TV The accidental entrepreneurs

Innovation often starts from the desire to create value, rather than extracting it, as this wonderfully-illustrated video explains.

News “Conservative” investors blamed for Aussie start-ups’ funding woes

Australian start-ups suffer from a conservative approach by investors, rather than a lack of funds, industry experts have claimed, as they prepare to speak at the National Angel Conference.

News Australian fitness industry set to boom: Report

Australia’s ageing and increasingly health-conscious population has seen an explosion in the number of fitness instructors, suggesting the health and fitness industry is ripe with opportunity.

Taskmaster Make time to talk big ideas

While lots of businesses have annual strategy sessions for their entire company, my suggestion is to get a little bit more micro.

Taskmaster Drive a property bargain

Plenty of big retailers – Noni B, Just Group, JB Hi-Fi and The Reject Shop, to name a few – are threatening they will shut stores if they can’t get better deals on their rent. Start-ups should take note of this.

News Three standout retail lessons from Sportsgirl

Fashion retailer Sportsgirl has launched a new window display that will allow customers to buy via their mobile phones.

News Aussie franchise Nanotek dodges tear gas to open Athens operation

Australian car cleaning franchise Nanotek has launched a site in a luxury mall in protest-ravaged Athens, with chief executive Jim Cornish insisting the offering will resonate with Greek consumers.

News Cofounda launch aims to link entrepreneurs globally

A new smartphone app named Cofounda aims to change the way entrepreneurs connect with each other locally and globally, inspired by the concept of co-founder speed dating events.

News Facebook targets developers with fbStart

Facebook has launched a program aimed at giving third-party developers advanced notice of new tools and features, in a bid to encourage them to build businesses around the Facebook platform.

News Internode and Rocksoft founders back publishing start-up

Tech entrepreneurs Simon Hackett and Ross Williams have given their support to publishing house MidnightSun Publishing, with Williams investing a “substantial” amount in the start-up.

News Pie Face aims at taking slice of US market

Food franchise Pie Face has expanded to the United States, opening its first store in the heart of New York, but has tweaked its all-Australian offering only slightly for the US market.

Mentors How do I break into a male dominated industry?

The keys to success are being proactive, communicating clearly and having the right attitude.

News NSW Govt to subsidise 12 local start-ups at US-based Startup House

The NSW Government has thrown its support behind tech entrepreneurs wishing to crack the US market, helping start-ups cover the cost of living and working at Startup House in San Francisco.

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