Family business The Jolly Group starts funding for ambitious expansion

Simon and Rimon, The Jolly Group

The Jolly Group is becoming the first café group to raise funds on online investment platform ​Birchal​. The Victoria-based, family-owned business comprises of The Jolly Miller Café & Patisserie, with 12 company-owned non-franchised outlets in Victoria (and a further 6 opening in 2020) and its wholesale kitchen Fig Food Co, which services hundreds of cafés… Continue reading Family business The Jolly Group starts funding for ambitious expansion

How to scale up your business globally – and effectively

Byline: David Link, CEO & Founder of Verrency Overseas expansion is often considered for homegrown companies looking to increase their revenue and customer base. While the lure of international expansion can be promising, it is no easy path in understanding a new environment and also being able to upscale existing operations. Your capital and human… Continue reading How to scale up your business globally – and effectively

Airtasker raises $33m to launch into the UK

Airtasker: Lucas London (General Manager, UK) and Tim Fung (Co-founder & CEO)

Australia’s largest online jobs marketplace, Airtasker, has completed a $33 million funding round to bankroll the company’s first overseas foray, with an expansion into the UK. Airtasker had already been enjoying a milestone year, with the formation of strategic partnerships with IKEA and eBay plus the introduction of income protection insurance for its workers. The… Continue reading Airtasker raises $33m to launch into the UK

How to Sell to Chinese Consumers: three tips

Last year, one of my colleagues built two semi-detached houses, wanting to sell one. His question to me was: How do I sell it to a Chinese buyer? There’s an implied understanding in that question that Chinese buyers will pay a premium to acquire a property. Besides possible higher premiums, the other reason to target… Continue reading How to Sell to Chinese Consumers: three tips

The 2017 Budget is a good starting point but more is needed as SMBs take the global stage

The continuation of the $20,000 instant tax write-off for small businesses will come as little surprise: the Treasurer had been hinting heavily at this in his pre-Budget briefings. However, the announcement that businesses with an annual turnover of less than $10 million can claim up to $20,000 worth of depreciating assets each financial year, is… Continue reading The 2017 Budget is a good starting point but more is needed as SMBs take the global stage

Lessons from Silicon Valley for start-ups

On recent business trips to Silicon Valley, we’ve met with a number of investors, lawyers and other advisers who are active in the start-up community. These meetings have yielded some very interesting lessons for Australian start-ups, particularly those seeking to expand into the US market or take on US investors. Here are the key highlights: 1.… Continue reading Lessons from Silicon Valley for start-ups