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As a startup founder, you might be well-versed in the ways that you can raise money for your business. However, raising funds from investors follows a more specialised process. Known as ‘funding rounds’, different rounds of raising capital occur at different stages of a business’s development and they play different roles in growing a startup […]
There are several excellent grants and programs you can access if you have a small business in Queensland. These are usually designed and implemented by the Queensland, Australian, and local governments (including the Department of Employment, Small Business, and Training) and aim to help businesses embrace innovation and capitalise on new opportunities using dedicated funds. […]
Photo credit: Geekwire and QualtricsA recent report quantifies the growing sense of caution amongst startup CEOs, as the fastest central bank fiscal tightening in a generation continues to create economic turbulence. The survey reported more than 88% of the 250 CEOs and startup founders polled were either “extremely worried” or “somewhat worried” about the current fundraising […]
Finding the perfect candidate for an open position can be difficult. In the last 15 years, we have been witnessing a historical talent shortage, resulting in a talent acquisition crisis that extends across the globe. In fact, about 75% of hiring managers expect the process of finding the best candidates for their teams to become […]
SaaS companies provide cloud-based services to enable users to access applications online. If you are launching a SaaS business, you might be wondering whether there are financing options that are specifically designed to assist your scale-up efforts. We have put together a comprehensive guide to everything you need to know about SaaS financing. This article […]
These days, it can be pretty hard for new businesses (and even developed businesses) to secure enough funding through traditional lenders and major banks. Alternative lending refers to non-traditional forms of funding, instead of the usual bank loan methods to secure an injection of cash. Traditionally, many business owners end up asking the bank to […]
58% of new businesses have less than $25,000 available during the startup phase. It means that many find themselves in a position where they don’t have the resources to grow, but can’t grow without resources. It’s a total catch 22. When you’re at those initial stages in business, sorting out your finances probably isn’t the […]
In times of struggle, many businesses are forced to cut costs in all kinds of expensive places just to make it through to the next month. But why should you wait until your business is on deaths door to streamline the company expenses? Outsourcing is an efficient working practice designed to reduce overhead costs. From […]
“Running out of cash” has been listed as the second most common reason for the failure of startups since 2018. It’s so common for startups to get lost in cash flow management, that they end up struggling to make sense of the numbers. But accounting for the cash is crucial for successful funding applications and […]
In 2014, taxi-giant Uber partnered with leading music software, Spotify in order to give passengers the option to play their own music during a ride. Not only was this a brilliant PR move, but the strategic alliance has facilitated growth in the popularity (and profitability) of both companies. Uber has grown its annual revenue by […]
Running a startup is kind of like joining the circus. One day you find yourself putting on a stellar performance, while the next involves you walking on the tight rope, managing the animals and trying to juggle all in one go. One wrong move and the whole tent will come crashing down. It’s pretty common […]
Have you ever heard a customer say, “I would have paid far more for a product like yours“. Turns out one price doesn’t fit all. So how then, do you cater to different tiers of paying customers and facilitate SaaS success? Pricing based on segmentation is your answer. What is scaled pricing? Scaled pricing refers […]
