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Essential cost-cutting strategies for every startup
Learn from leaders
Maziar Foroudian
March 22, 2024
Latest Stories
Learn to navigate the treacherous waters of entrepreneurship and financial hurdles with tips from industry experts. Discover the power of astute financial acumen in launching and sustaining your dream start-up in a volatile economy.
Discover the exceptional finalists of the 2024 Australian Small Business Champion Awards! Out of 5,500 contenders, only 45 have made it. Embrace their inspiring journey from relentless hard work to national recognition.
Discover the latest advancements in AI technology and how they are revolutionizing industries like music, customer service, and cybersecurity. From innovative patents to groundbreaking legislation, stay informed with our concise yet comprehensive summaries in this week's AI Weekly article.
Missing critical insights for a successful startup exit? Drive your startup's success with NSW Founders' revolutionary Mergers, Acquisitions, IPOs & Secondaries (MAIPOS) program, offering expert guidance on exit-processes completely free!
Attention all insurance brokers in Australia! Have you ever wondered what the biggest challenge in the industry is? The answer may surprise you. A new research report reveals that meeting customer demands is now the top priority for brokers, surpassing even natural disasters and cyber attacks. Read on to find out more about this growing concern and how brokers are tackling it.
Are you a small business owner concerned about your sustainability claims? With new mandatory disclosure laws being proposed, find out how you can avoid 'greenwashing' and make genuine environmental claims that build trust with consumers. Read more now.
Discover a key aspect of business assessment: customer concentration risk. Understand why even a profitable, long-established business can fail our screening due to this risk factor.
Unlock the secrets to direct-to-consumer success and discover how to take your business to the next level. Learn how to connect with your customers, optimize your supply chain, and overcome challenges in this comprehensive guide to direct-to-consumer eCommerce.
Top Tools
Maigon: AI-driven contract review for fast, efficient deals
NotionAI: Transforming your work with intelligent tools
Wysa: Revolutionizing mental health support for employees
Shortly: Unlock your writing superpowers with AI partner
Elicit: Unleash your research potential with superhuman speed
LinkSquares: Transform your legal team with AI-powered efficiency
Brain.fm: Elevate your focus with science-backed music
INK: Transform your content marketing strategy with AI
VantageCircle: Elevate employee engagement with ease
Top stories
Entrepreneur contributors stress the importance of raising the right amount of capital for high-growth businesses. Achieving accretive milestones is critical for securing VC funding, and entrepreneurs should carefully calculate their operating runway and valuation to avoid over-dilution and unrealistic expectations.
BioPak's CEO Gary Smith wins Australian EY Entrepreneur of the Year award for leading the compostable packaging industry. Founded in 2006, BioPak's products are used nationwide, revolutionizing foodservice packaging toward a circular economy.
Australia
Australian business insolvencies have surged to heights not seen since 2015, with the construction sector hit the hardest. Tough trading conditions, inflation, and the ATO's stricter debt policies are forcing many companies to make difficult decisions.
Australian Economy
Atlassian’s recent report highlights the detrimental impact of meetings on workplace productivity. With 76% of respondents citing meetings as a major obstacle, the study advocates for diverse collaboration techniques to combat meeting overload and boost efficiency.
Australia expects a sharp decline in migration due to stricter visa requirements and COVID-related measures. Labor introduces tough English and student visa tests, with a focus on reducing migration pressures on housing and infrastructure.
India
The Reserve Bank of India has issued a framework for recognizing Self-Regulatory Organizations (SROs) for its regulated entities. SROs will establish benchmarks, enhance regulatory effectiveness, and promote best business practices voluntarily.
Indian travellers are broadening their horizons, seeking unique and enriching experiences. South Goa emerges as the top destination, with a 330% increase in searches. European cities like Athens and Istanbul are also popular choices. Travel preferences are shifting towards diverse and memorable experiences.
World
The US Federal Reserve has opted to keep interest rates unchanged as it seeks more evidence of inflation control. Despite expected rate cuts later in the year, the economy is holding up well with growth forecasts at 2.1%.
Embark on a journey into the world of retail franchising with the top 15 retail franchises of 2024. From household names like Ace Hardware to innovative brands like Snap-On Tools, these industry leaders are revolutionizing the retail landscape.
Bitcoin and other cryptocurrencies had a strong finish to 2023, with Bitcoin showing a 155% return. Predictions for 2024 are optimistic, with potential for further growth. Companies utilizing Bitcoin for transactions and operations are expected to thrive.
Tech
OpenAI's highly anticipated release of GPT-5, an enhanced AI language model, is rumored to be expected in mid-2024. With promises of improved capabilities and potential automation features, the model aims to push the boundaries of artificial intelligence.
Nvidia is leading advancements in AI by working towards giving AI models a body through "embodiment." The company's Project GR00T aims to create a general-purpose model for humanoid robots, enabling them to perform various tasks and learn skills.
Apple's new iPad Pro may feature an optional matte display, responding to consumer demand. Leaks suggest it may include blue-light blocking technology. The introduction may lead to future iPad Air releases with matte screens.
Curated for you
Invoice financing, also known as accounts receivable financing, is a financial solution where businesses use unpaid invoices as collateral to access immediate working capital. This helps improve cash flow and meet financial obligations. Invoice financing companies play a crucial role in providing liquidity to businesses.
Entrepreneurial success is not just about establishing a business, but also achieving sustainable growth. Value-added products and services such as digital cards, extended warranties, and loyalty programs can help boost revenue, customer retention, and brand reputation.
Family businesses are a significant driver of global economic activity, with many entrepreneurs co-owning or managing businesses with family members. The key is to embrace a family entrepreneurship mindset, allowing each member to tap into their strengths and interests for sustainable success.
Google Marketing Live 2024 registration is open for Google's annual event showcasing the latest ad products and updates. The conference, on May 21, offers a front-row seat to Google's newest Ads innovations and AI applications for business growth.
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