At Allied Legal, a mistake we encounter with startups is when they rush to meet with investors without considering their options. There are multiple investment pathways founders can take when raising capital to accelerate growth. Seed financing, for example, can be useful for early-stage startups, particularly those in the research or product development stages of their venture.
As a founder, launching or scaling your startup can be both gratifying and tremendously stressful as you are responsible for your startups success or failure. Founding a startup is a unique experience which involves significant financial, social and emotional stress. According to Monash University, 72% of entrepreneurs report mental health concerns. Unfortunately, founders who are actively working with therapists or physiatrists are low, with female founders more likely to enlist support.
ConsultXperts is an online platform connecting companies with highly skilled business, digital and technology professionals. The experts – inclusive of freelancers, independent contractors and interim executives – are subject to a rigorous vetting process, with only 30% of applicants approved to work. According to CEO and co-founder Jamid Dewani, this ensures that ConsultXperts’ talent base is comprised only of top talent. The Melbourne startup also maintains a close relationship with their experts, providing them with flexibility and support.
Over the last few years, we have seen major changes to workplace culture, from remote working to more agile and adaptable workspaces. ‘Startup culture’ has moved past the startup garage to the mainstream and has brought with it distinctive notions of what being a startup means for founders and their employees. A startup’s ‘culture’ is embedded in the internal and external philosophies that guides innovation. But, as startups growand adapt to change, the definition of ‘culture’ is extended beyond a profit-centric model to one that encompasses important elements such as shared goals and acceptable behaviours.
The 2021 federal budget revealed encouraging opportunities and changes for Australian startups. One of the measures includes a 30% digital games tax offset. The $1.2 billion boost is part of the government’s Digital Economy Strategy, aimed at stimulating Australia’s digital economy and providing employment opportunities in response to COVID-19.
Applications for Startmate’s Founders’ Fellowship close Sunday 6 June 2021. The Founders’ Fellowship has been built to dismantle the barriers founders face when launching a startup. The fellowship will host talented and passionate founders through a cohort-based program for early-stage Australian startups.
Ecommerce forms an essential part of our economy, and it is only going to increase. This is great news for startups looking to expand into an online space, however it is also highly competitive, and can daunting if you’re not sure where to start. With numerous options and considerations, such as costs, features and technical details, the process can be overwhelming. Enter, Shopify, the user-friendly ecommerce platform, offering a streamlined approach to selling. We consulted ecommerce specialist Alex Graham to break down the ins and outs of Shopify, so that you can decide whether or not Shopify is the right platform for your startup’s offering.
The Australian Government provides ample options for startups with innovative ideas and technologies, however actually locating and applying for these opportunities can be a laborious task. At Allied Legal we understand the grant application process because we work with startups in all stages of development.
The Business Competitiveness Program, designed to assist Victorian-based businesses and startups, will be closing 11.59pm on Sunday 20 June 2021. The program is a part of a $60 million manufacturing and industry development plan, helping Victorian manufacturers to implement new technologies and processes. It will also assist in creating sustainable jobs, increase industry competitiveness and strengthen local supply chains in sectors including food manufacturing and medtech.
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