sixty:forty connects small business owners with service providers and professionals who can help them launch, manage and grow their business.
Djordje (DJ) Dikic, with co-founder Rocky Liang, launched Australian B2C paint brand Tint only five months ago in December 2019. Since the coronavirus outbreak, their sales have increased dramatically, confirming their suspicions that their business idea was what was needed in the paint industry and direct-to-consumer market. DJ’s advice for succeeding in business is to… Continue reading Advice for starting a business? “Trust your instincts, then work your ass off”
In the ten years since I started my technology consultancy WebVine, I have made mistakes and learned a lot of lessons. There are still challenges as we have grown and flourished, but hopefully today’s new entrepreneurs can benefit from my experience with these potential pitfalls: Proliferation, not Perfection A common mistake I see startups make… Continue reading Four pitfalls new business starters must avoid
As an entrepreneur with a very niche business, a specific target market and narrowly defined purpose, Sarah Riegelhuth knows all too well how easy it can be to get bored doing the same things each day – particularly once the exciting startup phase is over. Here she looks at how you can grow your business… Continue reading Avoiding boredom in your business
Startups with good a business plan give comfort to entrepreneurs and investors in part because the plan details the objectives, strategies and tactics along with the anticipated profits. There is however a wide variation in business plans. Some are voluminous demonstrations of thorough research, while some exist as a mere template borrowed from the internet to meet the formalities. Others,… Continue reading The hidden costs of starting a business
To beat the odds in small business, the focus for the first year must absolutely be on revenue creation. Without revenue, you have no business. But how much revenue should you be aiming for? Putting together your budget is the ideal time to define your longer-term vision for the business and ask yourself how big… Continue reading So, your business is up and running…now, which growth stage do you aim to reach?
The first year of a new business is critical, with repeated evidence that around one third of businesses fail during this phase. However, equipped with the right knowledge and education, you can get off to a strong start. Whilst the focal point for the early months should ideally be on rapid income generation, new business… Continue reading So, you’ve left your job to start a business… now what? What to know about the first year
Some might argue that ‘business’ is synonymous with risk; and in many ways, it is. But what of it? “If you ever want to achieve the life you’ve always dreamed of, you’ll have to start taking positive, calculated risks. “The benefits of taking risks will enrich your life and make your business or career much… Continue reading Fear not; it’s risky business but not as hard as you think says Steve Baxter of start-up hub River City Labs
We work hard and we strive for promotion; we get promoted and receive financial reward. Do we then pause in content and admire the view before considering our direction? Not likely. Most career-minded individuals will tilt their heads back and start looking up at the next rung of the ladder. After all, we are conditioned… Continue reading From corporate banking to handyman: A change really is as good as a holiday
Behind every start up is an aspiration to do something different. The attraction to do something different attracts fellow travellers all keen to be different and break with the boring services, products and maybe procedures of more established companies. This can be a trap for young players. Behind every successful and exciting company is a… Continue reading 6 Things every start-up needs to know about running a business