Nathan Kinch believes a business model is better defined as how a company defines, creates, delivers, manages and optimises its value proposition.
So, how would we go about selecting an outsourcing partner for ourselves were we in the shoes of a technology business that doesn’t have too much money to burn, but is poised for action for the fear of getting into a dodgy arrangement with an out-of-the-country outfit, unable to deliver as expected?
The Government’s announcement this week of its Industry Innovation and Competitiveness Agenda gives me little comfort that a thriving tech / startup scene in Australia is a genuine national imperative. This is deeply concerning because Australia is missing out on a prime opportunity to diversify its economy from mining and primary industry to a more knowledge based economy rooted in tech.
A question I am often asked is: “What technology should I use to build a web application?”. Whether it’s for a new startup or rebuilding an existing platform, the answer always depends on a number of different factors, and which options are most suited to your startup.
It’s normal to go through periods of stress every now and then. Usually, though, these pass once the project is done, exam passed, deal made or deadline met.
The combination of high pressure levels, and no structure to deal with them appropriately, impacts individuals greatly. Many of the top cited reasons for failure in startups are emotional or psychologically grounded – things like being worn out, the effects of pride, or difficulties in being realistic.
We’ve seen the EIR role in the Venture Capital and Educational sectors for quite some time, but the emergence of the EIR within a corporate setting is becoming more and more common, and for good reason.
It takes Aussie small businesses almost 2 months to get paid from when they first send out an invoice. Ouch! Cash is king in any business, and without money coming through the door, you’ll find it very difficult to continue operating your startup.