Startups don’t just run on their own. When you create a new business, you’ll likely subscribe to a bunch of different software, use a few different tools and automate processes with technology.
In truth, it can all be a bit overwhelming. First, you have to figure out what you need, then you have to find the best option for you.
This article is a shortcut, with some of the best resources and business tips for growing and fuelling startups in Australia and New Zealand.
Accelerator and incubator programs are highly effective for getting startups off the ground. Many programs are tailored for those in specific sectors, or startups based in certain locations. Do your research to see if there’s one that’s right for you.
Startups may be small companies, but they play a big role in growing economies. They create jobs, which have a huge economic impact, particularly locally, by putting more money in people’s pockets.
The impact of startups can be seen in a range of world-leading examples – how Google impacted Mountain View, California, how Alibaba changed Hangzhou, and how Microsoft allowed Redmond, Washington to grow.
Startups are often at the whim of higher powers, and those in the right sectors can expect to have a tailwind behind them from the beginning. This helps to open doors, start conversations and attract the kind of investment you need to grow and scale.
Technology is an area of huge growth, and opening a new business with any sort of tech application is a step in the right direction. But it can go even deeper, into specialised sectors within the tech space.
For businesses in Australia and New Zealand, distance to the rest of the world has always been something of an issue. However, technology is able to solve the tyranny of distance, which is why you can still launch a profitable tech startup from down under.
Starting a business in New Zealand or Australia is actually fairly simple. It takes time and resources, but if you have the patience, the persistence, and the cold, hard cash, then there’s no reason why you can’t succeed.
Follow these 9 steps to give yourself the best chance of succeeding:
Once you’ve got your startup set up, you’ll look to get fundamental small business resources to help you. When startup founders talk about finding resources, they could be talking about many different things.
Two of the most in-demand types of business resources are those that help with the running of your business (i.e. operational resources) and those that help to grow your business (i.e. to get funding or mentoring). It could be as simple as just getting money.
Read more: Five lessons for entrepreneurship in 2022
In finding resources to grow your business, you can look to use incubator or accelerator programs to help.
Read more: Types of borrowing loans available for businesses
The following resources are accelerators for founders looking to take their working ideas and grow them into reality.
New Zealand startup resources:
Australian startup resources:
Attending incubators and accelerators are a fantastic way to grow your small business toolkit. You’ll give yourself the best head start to develop your idea into its best form, and take the idea to market with the help of seasoned experts.
Another constant issue for founders is money. The best small business tools help to provide the resources you need to finance your business, improve your small business cash flow and keep you afloat.
While it’s tempting to rush into developing your idea to its best form, the reality is you need to have enough money on hand at all times. More than 80% of businesses fail due to cash flow issues, so look into small business finance resources to make sure you avoid common mistakes.