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A recipe for startup success
Are you ready to turn your startup idea into a success story?
Maziar Foroudian
March 13, 2024
Latest Stories
Hubspot and TikTok can show you how to supercharge your lead generation using short-form video. Click here to download their Leadfinders Playbook and unlock $1500 AUD in free TikTok ads (terms apply).
Are you ready to turn your startup idea into a success story? CERI, the leading Australian innovation hub, reveals the key ingredients for a thriving startup. Discover the winning formula and join their upcoming course for budding entrepreneurs!
Discover the secret behind the offline growth of a top Australian store, as they open 10 new shops across the country. Learn how this move aligns with the changing shopping habits and projections for the booming market. Don't miss out on the insights from industry experts.
Discover how the Albanese Government's sweeping tariff reform will save small businesses over $30 million in compliance costs annually. Learn which imported goods will be duty-free, and how this initiative aims to streamline Australia's trading system and boost productivity.
Discover how small and medium-sized enterprises can harness the power of AI without breaking the bank. From improving customer experiences to streamlining operations, find out how AI can give your business a competitive edge. Stay ahead of the curve and read on!
Top Tools
Headlime: AI-powered copywriting tool for your business
Fliki: Transform ideas into videos with AI magic
Tadabase: Build custom portals for your business
Dorik: Build stunning websites in minutes, no coding
Planful: Revolutionize financial performance
Nanonets: Revolutionize accounts payable with AI finance automation
Top stories
A recent survey of Australians shows deep concern about the risks of artificial intelligence (AI) and the need for government action. Public worries about catastrophic outcomes and the push for stronger regulations highlight the nation's focus on AI safety.
Former Reserve Bank governor Philip Lowe has warned that persistent inflation may keep interest rates higher for longer. He will chair philanthropic fund Future Generation Australia and remains cautious about offering advice on policies.
Australia
Liquorkart Australia, a once popular online alcohol seller, received numerous customer complaints in 2023 and 2024. The business has now ceased operations due to operational and financial issues. Owner Vihang Gandhi denies claims of being a scam.
Western Australia leads the nation in economic performance, with low taxes and energy costs, high wages growth, and strong business investment. Meanwhile, Victoria falls behind in taxes, state debt, and energy costs. State policies have real-world impacts on families and businesses.
The University of Wollongong secures funding from The Boosting Business Innovation Program to support entrepreneurs and SMEs. This initiative aims to enhance collaboration between businesses and academic institutions, providing resources and opportunities for growth and innovation in the region.
Australian Economy
Inflation remains a central concern in the upcoming presidential election, with many blaming President Biden for rising consumer prices. Despite easing pressures, prices are still high. The Fed may cut rates soon to address inflation concerns.
Private sector demand for consulting services has declined due to M&A slowdown and reduced spending. PwC sells government consulting arm for $1 after a tax leak scandal. Firm faces cost cutting and restructuring to restore reputation.
India
Consumer price inflation in India eased to 5.09% in February, staying within the RBI's 2-6% tolerance level for six months. Rural inflation remained constant while urban inflation slightly dropped. Food and beverage inflation rose to 8.66%. Industrial production grew 3.8% in January 2024.
India's real GDP growth in FY24 expected to be closer to 8%, driven by industry and services sectors, surpassing Ministry of Statistics' estimate. Chief Economic Advisor emphasizes importance of sustained efforts and cautious optimism for long-term growth.
World
Inflation, a rise in general prices and decrease in money's value, directly impacts economic policies, including interest rates. The upcoming CPI day could determine significant interest rate cuts, impacting mortgage rates and stock markets.
Discover valuable tax credits for your small business that can lower your liability and enhance affordability. Understand the difference between credits and deductions, and explore a list of credits available to maximize savings when filing taxes.
Tech
Elon Musk’s AI startup xAI open sources Grok, a chatbot inspired by Hitchhiker’s Guide to the Galaxy. Musk’s move comes after suing OpenAI and criticizing its ties to Microsoft. Open sourcing Grok allows for innovation but also risks misuse.
Microsoft Ads has expanded its Copilot trial program to more advertisers, offering AI-generated recommendations for ad creation. This innovative tool aims to simplify asset creation, save time, and inspire higher-quality content for campaigns within the Microsoft Advertising Platform.
AI is revolutionizing recruiting, with Fortune 500 companies using it to screen applicants and conduct interviews. Job seekers are adapting, utilizing AI tools to improve their resumes and interview skills. However, concerns remain about AI bias in hiring decisions.
Curated for you
Prioritizing quality assurance (QA) is essential for long-term business success. Quality ensures customer satisfaction, operational efficiency, and loyalty. By implementing effective QA practices, businesses can achieve consistent quality, cost savings, and increased productivity.
Investors are pouring money into generative AI startups, while corporations are increasing spending on the technology to automate workflows and boost productivity. Cloud vendors like AWS provide the computing infrastructure needed for training models, making it more accessible.
Selecting the wrong loan management software can result in significant costs for an organization, including lost investments, data migration expenses, labor inefficiencies, missed growth opportunities, and regulatory non-compliance. Thorough research and evaluation of key factors are essential for successful software selection.
Cold calling is a valuable tool for small businesses to reach potential customers directly, build relationships, and generate leads. It remains an effective strategy when executed with research, a clear strategy, and personalized approach.
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