Startups are hard. 92% fail. Stack the odds in your favour.

A startup is a business designed for high growth. The most comprehensive study to date, by the Startup Genome Report Extra on Premature Scaling assessed 3,200 high growth web/mobile startups. This study reports 92% failed within 3 years.

Feed your creative creature with boredom, selfishness and feelings

We all have a creative creature hiding inside. However, her elusive nature means that accessing original work can often be difficult. So instead of following a recipe to creativity, lets explore some unconventional approaches: boredom, emotional intensity, selfishness, no goals and Luddism.

Gaza Sky Geeks | Startups forged in a war-zone

Entrepreneurs in the Gaza Strip are side-stepping tough restrictions to follow their startup dreams, launching new online businesses targetting the Arab world, with the help of Gazas first startup accelerator, Gaza Sky Geeks (GSG). A war-zone is a difficult place to grow a startup, with limited fuel resulting in black-outs and lack of access to outside services, goods and capital.

Co-working: Why you should ditch your home-office for a shared space

Being new to Melbourne, I decided to try out a few of the co-working spaces across town. Initially skeptical if any real work could be achieved in these spaces, I have been surprised to discover just how great co-working can be.

Advice from Steve Jobs on Passion in Business

People say that you have to have a lot of passion for what you do, and it is totally true. If you dont love it, you are going to give up, and thats what happens to most people. Most sane people will quit! - Steve Jobs

Lessons from the Wolf of Wall Street

The recent Martin Scorsese film starring Leo Dicaprio tells the supposedly true and outrageous tale of the rise and fall of Jordan Belfort, the self proclaimed Wolf of Wall Street. The movie is a roller-coaster ride, following Jordan's rise to multi-million dollar success selling penny stocks, and his inevitable fall into greed, corruption and fraud. Although certainly not a business documentary, the rapid rise of the wolf has some compelling insights for business. Take a look!

Goldilocks pricing to eliminate discounts and maximise profits

Setting your prices to capture maximum value and avoid discounts is critical to business success. One approach is to use multi-level or tiered pricing; for example a typical multi-level pricing system has 3 levels (good, better, best) or (silver, gold, platinum). Also known as Goldilocks pricing, this approach works on the principle that customers tend to avoid extremes and go for the middle option.