Through Innovation Connections Facilitation, businesses work with an experienced facilitator who can assist them to overcome a particular technical challenge or issue in order to become more competitive, productive and efficient.
Posts Tagged: Business Growth
Investing in early startups poses inherent risks. So as a first time angel investor, what do you need to consider in order to mitigate these?
For those businesses nominating for Technology Fast 50, the challenge is more about moving beyond the start-up phase where cash is burned and revenue limited. Getting cash into the business is king! Once in growth phase, tax losses are likely to be carried forward to shelter some scaling of revenue and profitability, which is a natural outcome of the tax system.
Businesses have been previously set up on economies of scale but are now moving toward economies of scope. In other words, the focus is shifting to the variety of products offered rather than the output level of one product.
To enable your business to scale-up, become more agile and respond effectively to disruptive change, cloud technology applications are critical – and are cheaper and quicker to deploy than traditional ‘on premise’ business systems.
Attracting those with innovative ideas to set up and drive their idea through to implementation in Australia is just one piece of the puzzle. What are the other challenges fast growing start-ups face in cultivating the right infrastructure and processes to support growth?
“When scoping the market it is critical to identify the best banker as well as the best bank – this is where your advisor’s industry knowledge comes to the fore. Finding the right person in a large institution is critical to securing the best financing.”