Book Now Book Now

Harmony Week: Why Diversity is Key to Startup Success


At Allied Legal we are celebrating Harmony Day by highlighting the importance of workplace diversity. Harmony Day, which coincides with the United Nations’ International Day for the Elimination of Racial Discrimination, is a celebration of cultural inclusivity and respect. It centres on the message that “everyone belongs” regardless of gender, ethnicity, religion, sexual orientation, physical ability, and so on. 

Startups who recognise the value of a diverse team are those best equipped for success. Australian laws protects against the discrimination of people on the basis of a number of protected attributes, and startup founders are therefore also responsible for ensuring a safe and inclusive workplace. Founders can do this by hiring a diverse management team, developing permanent training programs and policies, and understanding the diverse needs of each team member. 

A diverse and multicultural startup brings many advantages including:

  • An Increased Network of Clients: founders should take advantage of the languages and skills a multicultural team contributes, particularly as it opens doors to new markets. Additionally, clients are more likely to purchase your offering if they can see that they are being represented. 
  • A Productive Workplace: each startup team member will have a different idea, approach or perspective, which helps to boost your startup’s performance and day-to-day operations. 
  • Increased Creativity: your diverse startup team members may have creative solutions to your startup’s problems. Alternatively, they may contribute new ideas to best sell or market your offering.  
  • Positive Reputation: developing a unique and profitable product or service is no longer enough. Clients want startups to be environmentally and socially conscious. Thus, consumers want to invest in startups who are overtly tolerant and inclusive of all backgrounds. 

Integral to the success of any startup is the team it is made up of. The inclusion of people from diverse backgrounds is crucial to the nutrition and sustainability of a workplace, as each individual brings with them a wealth of unique experiences and skills. 

Need Help?  Contact Us 

At Allied Legal we are committed to working with startups and founders from all walks of life and backgrounds. If you want to contact one of our startup lawyers or learn more about our services, give us a call on 03 8638 0888 or send us an email at hello@alliedlegal.com.au.

You might also like our article International Women’s Day: Celebrating Female Founders.

Related Articles

VIEW ALL VIEW ALL

The Alice Anderson Fund: New Investment Boost for Female-Led Startups

Applications are now open for a new Victorian startup grant – Alice Anderson Fund – aimed at supporting female-led startups across Victoria. Capital will be provided to help scale up to 60 early-stage ventures. The fund is named after Alice Anderson, a Victorian-based founder who started Australia’s first all-female motor garage in Kew in 1919. The fund is being led by LaunchVic with a co-investment from the government of between $50,000 and $300,000.


Sustainability Boosts and Funding Still Available for Victorian Startups

Sustainability has been a trending topic over the past few years with a shift in focus from waste culture to the consideration of issues such as climate change, the availability of resources and a growing populace. Fortunately, the Australian government is offering resources for startups and small businesses looking to invest in a cleaner startup.


Lessons from Founders Who Bootstrapped Their Way Out of Adversity

At Allied Legal, we have collated our key takeaways from the founders’ journey through adversity and toward success.

Subscribe

Subscribe to our newsletter to receive exclusive offers and the latest news on our products and services.

First Name
Last Name
Email Address

Need some help?

If you need assistance, why not book a call with us today? Or fill out
the form below to book in for a free confidential consultation.