Small Business & Startups

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Small businesses should consider thinking like a startup to help achieve better results, especially when it comes to adopting the concept and execution of a minimum viable product (MVP). Basically, a MVP is a cost effective way to test an idea, product, or solution without going all in. This will also allow continuous improvement of the initial idea as feedback from customers will directly help the idea shape and grow.

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Elevator Pitch is a regular feature on Lifehacker where we profile startups and new companies and pick their brains for entrepreneurial advice. This week, we're talking with Richard Blumberg, managing director of Now Finance.

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Major bottlenecks in businesses are often caused by indecision. It could be that a business owner is waiting on more data before making a decision on a big ticket purchase. They could be too busy to stop and make up their minds on something that needs to be done or perhaps they're easily distracted by new options that are presented to them. But avoiding the tough decisions that need to be made can paralyse a business, leading to lost opportunities. Here's some advice from small business expert Dr Greg Chapman to help business owners tackle the problem of indecisiveness.

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Christmas is coming and small businesses in the retail sector will be sending their goods out to customers over this period. Officeworks has brought out a cheap 500g pre-paid satchel offering for businesses that need to send smaller items. The office supplies retailer did this after conducting research on the postage habits of small businesses. Here's what you need to know.

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Elevator Pitch is a regular feature on Lifehacker where we profile startups and new companies and pick their brains for entrepreneurial advice. This week, we're talking with Luscheyne Mellon, co-founder of Veromo.

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IKEA is more than just a retailer of cookie cutter furniture. Behind the company's huge success lies simple business philosophies that catapulted it into a household name; its furniture and lifestyle goods can be found in homes around the world. Small businesses and startups can learn a thing or two from IKEA that will help them grow.

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Small businesses across Australia have been mandated to sign up for SuperStream, an electronic reporting standard for superannuation payments to employees. The objective of SuperStream, which is managed by the Australian Tax Office (ATO), is to streamline the superannuation contributions payment and tracking process. The deadline for small businesses to be on-board with SuperStream is looming.

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The fresh food delivery service My Food Bag is exiting the Australian market, with the company choosing to focus on New Zealand instead. The final deliveries were already sent earlier in the week. It's a sad day for stay-at-home foodies.

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Elevator Pitch is a regular feature on Lifehacker where we profile startups and new companies and pick their brains for entrepreneurial advice. This week, we're talking with Doron Ostrin, co-founder of URGE.