LOST IN HONG KONG business | culture | travel For many Australian entrepreneurs looking to do business in China, the most logical place to start is Hong Kong. We ask two Australian Sinophiles what they know about business, culture and travel in this leading financial centre and gateway to the Middle Kingdom. By Paul Budde…
BI-GOODNESS is a bi-monthly column dedicated to the quirky, generally funny and often dangerously impractical inventions and business concepts that occasionally come our way. It is a tribute to the one-eyed entrepreneur the nutty professor and dotcom jockey in each of us. So it’s been a long festive season and you’ve grown a little soft…
Like the intrepid surgeons submarining through a human body in the movie Fantastic Voyage, American Dr Robert Mehalso is fascinated with the power of small. He was probing the infinite depths of micro and nanotechnology back when it was still considered science fiction. Today, Mehalso travels the world explaining to researchers, politicians and corporate leaders…
Venture capital financing is a complex transaction and involves significant commercial risks for all parties. Many founders simply sign the term sheet presented to them by a venture capital fund without fully understanding the impact of provisions such as price ratchets, participating liquidation preferences, redemption rights, lock-ins, drag-alongs and put options. It is critical to…
Western Australia might be the nation’s western frontier, but there is nothing uncivilised about its world-class innovation and commercialisation pedigree. WA is a state on the cutting edge, driven by the very sectors underpinning Australia’s economic future. In ICT, biotech, wine and R&D, the west is pushing the boundaries of commercial creativity in a market…
Writing a winning media release So, your media release didn’t get published. The first question you should ask yourself is – is it newsworthy? Publicity is the most cost-effective marketing tool for entrepreneurs and start-up businesses. Positive media coverage can help build credibility in the marketplace. Mastering the art of the media release is the…
The word ‘convergence’ has been thrown around the IT sector for a few years but often those outside the industry, and at times those within it, don’t really know what it is. To consumers, convergence might mean using software like Skype to talk to friends over the internet; or PDAs enabled with voice and data,…
One of the most disappointing aspects of writing about start-up companies is that in most cases there is no secret to their success. Having spoken to founders of hundreds of start-ups companies in the last 10 years, it’s clear that the magic formula is no more of a secret than the recipe for ice. Amnon…
The path from start-up to success story can be a challenging journey. These two Victorian innovators are taking the path less travelled, turning good ideas into profitable international businesses, and they’re not looking back! Eye for Detail Victorian manufacturer Autoscan Systems Pty Ltd knows that accuracy is everything when it comes to microscopes. Its unique…
One of the most disappointing aspects of writing about start-up companies is that in most cases there is no secret to their success. Having spoken to founders of hundreds of start-ups companies in the last 10 years, it’s clear that the magic formula is no more of a secret than the recipe for ice. Amnon…
All new business ventures start with an idea. However, not all ideas can (nor should) become business ventures. Being able to efficiently differentiate between an idea and a viable opportunity is a must for successful entrepreneurs. The genesis of an idea is merely the first step to uncovering an opportunity. The next step should be…
Simplicity is the common thread that links all great ideas. and sometimes they arrive like a lightning bolt. We asked three innovators about their ‘A-Ha’ moments. Sabeer Bhatia — Co-founder of Hotmail The idea for Hotmail came to my business partner (Jack Smith) and I back in 1995. We were employed at the same company…
Simplicity is the common thread that links all great ideas. and sometimes they arrive like a lightning bolt. We asked three innovators about their ‘A-Ha’ moments. Sabeer Bhatia — Co-founder of Hotmail The idea for Hotmail came to my business partner (Jack Smith) and I back in 1995. We were employed at the same company…
Are you ready to rumble? These six young entrepreneurs have a net worth exceeding $100 million… and their average age is only 32! There is a little known resource available to Australia’s young corporate elite. It is called the YEO (Young Entrepreneurs’ Organisation). The peer-to-peer network is made up of young, confident and successful business…
Why is it that the endless opportunities available to large Australian companies – through their vast resources and global networks – are all too often languidly pursued or altogether ignored? I am regularly astonished by the lack of foresight exercised by our supposed corporate leaders – the very individuals and companies who are apparently leading…
Internet junkies are shedding their umbilical cables and roaming the streets. The nation is going wireless, heralding a revolution more profound than the birth of the mobile phone. Paul D. Ryan takes a stroll through this brave new wireless world and considers the potential winners and losers, and how on earth so many corporate heavyweights…
Securing competitive advantage Before spending a single dollar launching your new venture, you should have a clear view of how it is going to compete in the market and, importantly, how it will achieve competitive advantage. Your business strategy should take into account not only the actions and reactions of direct competitors, but also the…
How does your website fit into your overall marketing strategy? If you don’t know, then it’s time to review your online activities. When the Internet took off in the nineties, it was a race to ‘get online’. Many businesses simply put their corporate brochure onto a website and were satisfied that they had an online…
Intellectual asset management (IAM) is the catch cry of 21st century innovators. Innovation is no longer reactive to market forces; it is a proactive force integral to the business strategy of a technology-based business, and at the core of effective IAM. Do you proactively manage the intellectual assets of your company? The critical first step…
Innovation and good fiscal management are unlikely bedfellows. Yet when Victoria’s chief number cruncher Treasurer John Brumby adopted the Minister for Innovation mantel in February 2002, few raised an eyebrow. And it’s a good thing, too. While our federal policy makers have a patchy record at best, this Labor Government is fast developing an innovation…
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