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Jul 11, 2016

Best Low Risk Innovation Tools For Your Startup – Free Book

LEGO has earned the right to celebrate. Not only are kids playing with more mini LEGO people than there are human beings on the planet but in 2015, they were nominated by Forbes as the most powerful brand in the world. For a company which was on the brink of bankruptcy in 2004, the toy maker has made an amazing turnaround. They restructured, hired a new CEO, and forged more licensing partnerships than ever before. Most importantly, they discovered the secret to some of the world’s most successful, low risk innovation strategies.

These strategies helped LEGO create a powerful brand envied by every other company in the world. However, successes like these are not, and need not [...]

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Jun 11, 2016

Is Your Startup Idea Worth Nothing?

The mantra of ideas being worthless can be heard from all corners of the globe. Venture capitalists back founders and not ideas. As mentioned in another blog, in 2009, the entrepreneur and author Seth Godin got the nine of his alternate MBA students to come up with 111 ideas each to create 999 business ideas. The point? To prove that “Ideas are a dime a dozen. The money is in the execution.” But is this correct? Your gut feeling demands that your best ideas are worth more than nothing, right? Right.

There are many reasons why people say ideas are worthless. Some claim that for VCs ideas are worthless so they can pay you less for your business early on. Others have seen so many [...]

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May 31, 2016

The 5 Tricks To Build A Startup In 6 Months Like A Pro

I wanted to reach out to everyone in this blog post and share with everyone some awesome tricks to build a startup lightning fast, validate your idea within six months and have a growth-ready startup or die trying. Ok so not the latter, just the former.

What I want to discuss here are the great things you can take advantage of because you live in Australia. We have an amazing safety net to catch fallen entrepreneurs and a startup environment which now has pretty good infrastructure. So let’s get to it, what should you do? Well the first thing is to have an idea and assuming you have one, let’s get to the first step:

If you are new to the startup game, time to get a [...]
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May 28, 2016

How You Can Really Turn Failure Into Disruptive Success

After six months of hard work, we were sitting together on a warm spring afternoon enjoying a beer in one of Melbourne’s new hipster bars. We had learnt a lot, travelled all over Australia and met amazingly passionate people. We’d put together a lean startup with a focus to test a simple business idea and we’d heard countless times how much our tools were needed. There was only one problem. We had failed.

It was over. We’d decided to fold the company. Our hypothesis that Australian Manufacturers would collaborate as a means to an end and thereby solve their problems was false. We had tested it with a dozen SMEs and a group of billion dollar multinationals. In both cases we had [...]

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