Everyone knows how hard starting a new business venture can be, and for startups, it certainly seems that more companies are failing than succeeding. The first year of a business is crucial to its future success, but there are three primary problems that startups come up against when they first set out on their venture. A lack of vision, weak business strategy, and problems with cash flow can all halt
No one wants to go grey early, but if you have an entrepreneurial spirit and are in the throes of developing a new business, it’s likely your stress levels have increased. It’s entirely understandable, as starting a business can rank up there with moving house and divorce as some of the most stressful experiences we can undertake in our lives. But there are ways you can combat the stress, take
Admitting that it is time to let go is never easy, but if you are talking about saying goodbye to your dying business, it’s likely you have a lot of time and money invested, so your farewells might be even harder. If you think your business might be set for demise, it is important to take notice early, so you can either try and reverse the damage or prepare to
Shaking off the angst from a series of controversial decisions it made in its first few months in office, the Daniel Andrews Labor government has delivered what commentators are calling an economically responsible and relatively low-key first budget that prioritises job-creation, infrastructure and spending on basic public services such as Education, Health and Family. Small Business is also a beneficiary, although tax relief was not as significant as hoped for.