Start-up chief executives shouldn’t pay themselves more than $150,000, according to tech veteran Peter Thiel, prompting local businesses to highlight the benefits of being frugal.
The High Court ruled in iiNet's favour this morning after years of court battles between the ISP and media corporations, saying it was not responsible for the actions of its users who downloaded copyrighted material illegally.
Perth Population: 1.69 million Start-up survival rate: 73.1% (2007 to 2009). While Western Australia is heavily associated with the mining industry, its state capital is playing host to an increasingly diverse start-up sector.
iiNet founder and chief executive Michael Malone has told Australian start-ups “it’s all about the product”, after being named 2011 Australian Ernst & Young Entrepreneur of the Year.
Family-run enterprises have long been the bedrock of Australia’s small business sector. The help, support and familiarity provided by relatives can prove invaluable, not only in the start-up phase, but also in the generational handover of a thriving business.
Mining magnate Andrew Forrest has bumped media mogul Rupert Murdoch off the top spot in this year’s BRW Executive Rich List, with mining companies dominating the list of Australia’s 200 wealthiest executives.
Operating a home-based business is no longer reserved for stay-at-home mums and retirees. Technology has made it incredibly easy for almost any business venture to begin at home.
It’s not often the Taskmaster has to turn to another entrepreneur for advice, but I couldn’t help but pick up on this tip from Michael Malone, the chief executive of iiNet, who appeared in a great interview on StartupSmart yesterday.
You don’t get many firebrand preachers operating out of their mother’s garage. But then Michael Malone was never the standard entrepreneur.