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Why startups don’t need a budget

The first thing you need to do in order to take the amazing idea in your head and turn it into a fully-fledged company is to raise capital, and the first piece of advice you’ll get is to create a business plan and a forecast. If that sounds like an awful lot of hard work, you're right. If you don’t even know where your next pay cheque is coming from, how can you be expected to have foresight years ahead on the performance of a company that exists only in thin air? It also sounds suspiciously like a budget -- something you thought you’d left behind in the corporate world.

Why startups don't need a budget

The first thing you need to do in order to take the amazing idea in your head and turn it into a fully-fledged company is to raise capital, and the first piece of advice you’ll get is to create a business plan and a forecast. If that sounds like an awful lot of hard work, you're right. If you don’t even know where your next pay cheque is coming from, how can you be expected to have foresight years ahead on the performance of a company that exists only in thin air? It also sounds suspiciously like a budget -- something you thought you’d left behind in the corporate world.

The power of time off – Stefan Sagmeister at TEDGlobal 09

Stefan Sagmeister is New York-based designer with a fresh take on work and inspiration. Every seven years he closes his Manhattan studio for 12 months so he and his team can recharge their creative batteries.

Opportunities in the US for high growth Australian firms

The US remains the largest developed market in the world and a big influence on other global markets. It remains important for any company with global ambitions. The current economic environment does not do a lot to encourage Australian firms to focus on the US. However, innovative new models and technology have dramatically changed the cost of entering and developing the US market. Australian firms can now do much of the early market development work without having to hire a US-based team.

How to export like an expert

To maximise your export opportunity and increase your chances of success, it's important to focus your mind on what you want to achieve. That way, you'll have a clear vision to plan for and work towards. So, where to begin? Here are three steps to help you export like an expert.

Growth Guide: It’s all about strategy

A business plan is nothing without a well thought out strategy. In other words, the business plan should look beyond simply how you plan to work. Rather, it should provide a detailed road map to success.

How Russian Roulette could save your business

When two people decide to start a business together, it's hard for them to see how this promising relationship might one day turn sour. Managing the end-game is something to get right at the beginning with a stakeholders agreement. Russell Wheeler explains why.

Ninja marketing

FIGHT LIKE A NINJA, PLEASE LIKE A GEISHA THE NINE CODES OF NINJA MARKETING Marketing is both a science and an art. It is also like...

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New Zealand’s Xero eyes US IPO, further disruption as subscribers increase...

Xero recently held its annual meeting in Wellington, during which the company revealed some interesting details about its future. As has been widely suspected, the...

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