The good news for a start-up is that around half a million Australians are involved in early stage employment activity. The Global Entrepreneurship Monitor4 (GEM) suggests that Australia has high rates—second only to the US among “innovation-driven economies”—of both nascent and young firms. So, is it viable to launch a start-up in Australia in today’s competitive market? Or are we ready to give in to the monopoly of few big firms who are experimenting daily in new ventures? These are some big questions that pop up in the mind of a budding entrepreneur.
2. INTRODUCTION
The good news for a start-up is that around
half a million Australians are involved in early
stage employment activity. The Global
Entrepreneurship Monitor4 (GEM) suggests
that Australia has high rates—second only to
the
US
among
“innovation-driven
economies”—of both nascent and young
firms. So, is it viable to launch a start-up in
Australia in today’s competitive market? Or
are we ready to give in to the monopoly of few
big firms who are experimenting daily in new
ventures? These are some big questions that
pop up in the mind of a budding entrepreneur.
3. A Quick Pointer On How To Take On
Business Development W Full
ith
Confidence.
Take time in hiring, but hire the best ones available in the market.
Business development and sales are not interchangeable. Know the difference!
Innovation is the key. Get creative with your product and marketing skills.
Do research on probable partners in future. Strategic targeting is the key here!
Get over yourself and tour start-up position. Enter a meeting with full confidence!
Technicalities are often time consuming. Be operationally ready for your dream deal.
Interact with an open and provocative approach. Don’t just sit and wait for the deal to
be over.
Be interactive with your clients. Invite them for workshops and conferences.
Make a judicious use of online marketing skills available. It can’t be ignored
anymore.
Be honest with your future clients and partners. Don’t exaggerate your worth.
Don’t go alone! Hire the best business development consulting service in your
region.
4.
Department of Industry, Australia reported that, “Small businesses make a significant
contribution to the Australian economy, accounting for slightly less than one-half of
private sector industry employment and contributing approximately one third of
private sector industry value added in 2010–11”. The reason for this success is a
singular vision which translated to a product. Time constraint is the biggest
challenge for a start-up and this makes the role of hiring a business development
consulting service is a must. With a multitude of business development
consulting services in market, it is tough to choose the best one.
If you’re a start-up in Australia, business coaching is highly recommended. Don’t
do it alone at the nascent stage. Hire a reputed business coaching consultancy in
Australia to take your business to a higher growth trajectory.