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The truth about entrepreneurs. They’re swashbuckling risk takers … or, are they? [VIDEO]

Here's a new word to add to your repertoire: effectuation. Effectuation is a set of decision-making principles entrepreneurs use in situations of uncertainty. It is...

Does this company deserve $100k in seed funding? Heck, yeah!

Australia's richest business plan competition, offering $100,000 for one savvy Australian business, reached its conclusion at the Queensland State Library in Brisbane last Wednesday night. Does this company deserve $100k in seed funding? Heck, yeah! Now watch the clip.

Free online ’starting a business course’ for those ready to start

Sponsored message: There’s a special place for those with a vision and the get-up-and-go to start something. www.thesbhub.com.au is an information resource and online community where you can learn a thing or two about starting a successful business! The course guides you through the practicalities of opening a business and completing a business plan.

Investors back people, not products. Don't forget it.

Recently, I have been reflecting on a saying I learned from VC friends when I was living and working in Silicon Valley: “Always invest in an A grade team with a B grade product rather than a B grade team with an A grade product”.

Investors back people, not products. Don’t forget it.

Recently, I have been reflecting on a saying I learned from VC friends when I was living and working in Silicon Valley: “Always invest in an A grade team with a B grade product rather than a B grade team with an A grade product”.

Can a company really outsource something as important as R&D?

Long before the term ‘GFC’ became common parlance, cost cutting was part of the fabric of business. The question is: are all departments of an organisation eligible for outsourcing or should some be kept close to the company’s chest? Peter Lewis looks at what can be done with Research and Development.

Can a company really outsource something as important as R&D?

Long before the term ‘GFC’ became common parlance, cost cutting was part of the fabric of business. The question is: are all departments of an organisation eligible for outsourcing or should some be kept close to the company’s chest? Peter Lewis looks at what can be done with Research and Development.

Want to create a successful company? Seek change. Not cash.

Financial success may seem like the obvious benchmark for business success. However, according to former Apple Fellow and managing director of Garage Technology Ventures Guy Kawasaki, it is “making meaning” that lies at the heart of entrepreneurship and should be the foundation stone of any business.

How to sell your business for maximum price

Have you thought about what your business is worth? When you come to sell it, it may not be worth as much as you think.

Introducing The Edisonian Method Awards, for trial-and-error entrepreneurs

This proposed new awards ceremony would be about celebrating the journey entrepreneurs take and acknowledging that iterating, growing, learning, changing or modifying the plan according to evidence and experience shouldn't ever be seen as a 'failure' of the original plan... but is in fact 'business as usual’.

The 10 best strategic business slides of all time: #10 — The Creative Brief

In the final post in this popular series, Nigel Malone shares his thoughts on creatives in a business context. “Many a client has told me the creative process is foreign to them, and they don’t really understand how ‘creative people’ do what they do. By the same token, many creatives, to their detriment, fail to understand the consumer and prefer to operate in an artistic vacuum. And if some clients pitched their wares directly to the consumer, well they’d lose interest pretty quickly.”

The Law of Success — Lesson Two: A Definite Chief Aim

Napoleon Hill's Think and Grow Rich had a profound influence on the way people approach business. However, The Law of Success in Sixteen Lessons, Hill’s lesser-known 1,600+ page monstrosity published prior to Think and Grow Rich, contains a lot of useful information that can help you reach your potential. In this series, Joshua Moore covers each of these attributes in a practical way that you can apply to your life and work.

Diary of an Entrepreneur Raising Capital: Naked Bungie Jumping

“If ever my optimism or motivation wains slightly, I try to picture it all working out in the end, just as planned. And if that doesn’t work, I just imagine how lucky I am not to have to get up each morning and do something really challenging, such as naked bungie jumping. Suddenly, seeking capital, staying motivated, etc., seems relatively simple, not to mention a lot less embarrassing.”

Finance for Small Business: Mission Impossible? (Five alternative options)

Funding and cashflow are the seemingly ever elusive crucial components to running a small business. With the banks being the most obvious source to approach, business owners often find this a frustrating and generally ‘closed-door’ option. David Hechtor looks at the alternatives.

The 10 best strategic business slides of all time: #9 — Integrated Communication

In the ninth post in this series, Nigel Malone shares the contents of another of his favourite business keynote slides, drawn from a cross-section of sources that includes some of the great business, brand and military planners of all time.

The Law of Success — Lesson One: The Master Mind

The Law of Success in Sixteen Lessons, Napoleon Hill’s 1,600+ page monstrosity published prior to Think and Grow Rich, contains a lot of useful information that can help you reach your potential. Over the coming weeks, Joshua Moore will be coving these lessons in a practical way that you can apply to your life and work. The first principle in the book is known as the Master Mind.

The delicate subject of business owners’ salaries

When business partners launch a new company, all of their attention and energy goes into getting the new venture on its feet. However, it’s not long before questions and difficulties arise over disparate workloads, responsibilities and remuneration. Darren Bourke offers some advice on how to keep all parties walking in the same direction.

To give up or go on: Is it time to call it quits?

Eight years ago I found myself on the floor in tears. My father had just passed away, my business was failing and my love life sucked. I was at a cross roads in my life and didn’t know which way to turn. As it turned out, there was only one real option.

The 10 best strategic business slides of all time: #7 — Positioning

In the seventh post in this series, Nigel Malone shares the contents of another of his favourite business keynote slides, drawn from a cross-section of sources that includes some of the great business, brand and military planners of all time.

A goal-setting technique that works

How many of us have set goals or made New Year's resolutions only to find ourselves quickly going back to old habits, reneging on our promises to ourselves or just plain giving up? I know I have! Until I came up with this process that really worked for me.

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