We Aussies are great at starting new businesses, and these new businesses account for a significant part of our countries economic growth.
“Australian startup firms less than 2 years old were responsible for driving the 1.6m net new jobs created between 2003–2014, while on a net basis, large firms made a little contribution” – Dept. of Industry, Innovation and Science, 2016
Leading the way are our homegrown tech startups. A report published by PWC predicted that the Australian tech startup sector has the potential to contribute $109bn (4% of GDP) to the Australian economy and generate 540,000 jobs by 2033. That is more employment than the mining and the agriculture industry combined.
Startups are the lifeline of the Australian job market, but most of them, in fact 60% of them, will close down within the first three years. Which brings us to the obvious question, why do Australian startups fail? Here are the seven biggest reasons why they do.
If you have been thinking of having your own mobile app, but don’t have a good idea, this article is for you.
Here we will have a closer look at some really fresh and amazing mobile app ideas you can execute straight away. Instead of trying to create something completely new, you can take an existing idea, and put your own spin on it to make it unique.
Let’s get started.
Shopping App Ideas
Scan and shop: One of the most exciting app ideas for 2020. As a user, you could take a picture of any product you find and scan it online to find the best match.
Famous in U.S.: Most latest fashion trends start in the USA. Create a service that shops and delivers new outfits to Australia (or your country) with overnight shipping.
Latest brand information: An app that will provide regular and fresh information regarding the deals/offers regarding the brand of the user’s choice.
Consumer guide: Such an app would provide unbiased guidance on which brands are best for a certain product.
Fashion and Beauty App Ideas
Personal fashion adviser: An app which helps the user pick the right pair of shoes that goes with a particular outfit.
Tattoo preview: How cool would it be if you could figure out how a tattoo would look on your hand before you even visit the parlour
Beauty assistant: There are many beauty and makeup tutorials on YouTube. Make it easy to use by taking your photo, and suggesting related makeup tutorials. Also, suggest top-brand products to purchase from the app to increase revenue.
Hair colouring assistance: Colouring your hair is always confusing, but this app would help you in analysing colour with the help of Artificial Intelligence (AI).
Getting off the mark with a startup initiative is one thing; accelerating the growth is an altogether different ball game. Brand success stories fundamentally revolve around three key virtues – patience, dedication, and instinct. Having the right insight on current and upcoming market trends is an important aspect of sustaining momentum. Being smart enough to implement effective growth hacking strategies can go a long way to bring the desired results.
If you are looking for effective ways to fast-track your budding business, then here are 10 growth-hacking techniques to drive success quickly in 2020.
Social media is not only engaging but powerful too. It is the best way to reach out to your target audiences on the go, even when you are on a limited budget. Simple activities, like making use of live videos on Facebook, posting interesting yet engaging Stories on Instagram and Snapchat and creating valuable content on YouTube can help you in gaining some quick publicity along with long-term audiences.
2018 was a rapid-growth year in the tech space. With increased consumer and research spending, we expect this trend to continue throughout 2020 as well. Based on the growth and advancements in scientific research, the following are the main categories we believe that the largest business opportunities will arise.
1. Significant Improvements in Audio and Video-Based Artificial Intelligence
Audio and Video-based Artificial Intelligence (AI) has made significant improvements over the last two years. Google, Microsoft and IBM have now opened their AI platforms for public use, which makes AI projects much more affordable and accessible for tech-startups.
We’re also seeing increased spending in research by many large tech companies, which means this AI continue to grow. Google has even publicly stated they’re shifting their strategy from ‘mobile-first’ to ‘AI first’.
The dynamics of the volatile job market are going through continuous changes. The advent of technology could replace a significant percentage of current manpower requirements – turning today’s highly skilled individuals into unnecessary surplus. If a report by the Committee for Economic Development of Australia (CEDA) is to be believed, then almost 40% of Australian jobs may not exist in another 10 years. That’s an alarming prospect, which could have a huge repercussion on the country’s workforce.
Another recent study by the Foundation for Young Australians (FYA) revealed that almost 60% of the country’s young generation is pursuing career courses in areas that are likely to undergo complete automation in next 10 to 15 years.
Let’s take a look at 10 Australian jobs that are unlikely to exist beyond 2025. If you are looking to build a career in one of those fields, then it’s time to think again.
While the boom in the online retail industry will continue to support the need for parcel delivery, traditional postman or postwoman delivering letters to your doorstep is hard to imagine in 2025.
People are increasingly communicating through various technology modes like mobile phones, video calls and emails. Reputed companies have already ditched paper statements in favour of email/SMS services. With the trend of writing letters turning out to be a dying art, there would be no need for people to use postal services anymore. Continue reading “10 Australian Jobs that Will Not Exist by 2030”
Fitness apps have become all the rage in the past few years and have made a niche for themselves in the app market. The reason behind this is the increasing focus of millennials on leading a healthy lifestyle which includes eating right and exercising daily to burn off the calories.
Fitness apps are a great way to monitor how healthy your lifestyle is. There are a number of popular fitness apps in the market which can broadly be categorized into three categories.
The first kind is called activity trackers whose basic feature is to keep track of how much physical activity a person does in a day. This can include anything from counting the steps taken while walking to calculating the number of calories burned or average heart rate for the day.
The second category is the nutrition trackers through which a user is able to set out a diet plan for himself and also count the number of calories he is taking in each day.
The third category where you can set out a workout routine for yourself and get tips about exercises; as if you have your own professional trainer in the pocket.
Outsourcing app development to overseas companies is getting a lot of attention these days. Because of the easy access, the availability of free communication methods such as Skype, Whatsapp and Viber, sometimes you may think outsourcing software projects to overseas companies is a good approach. But let’s look at the good, the bad and the ugly sides of outsourcing app development to offshore companies.
The main benefit that you get from outsourcing a project to an overseas company is the apparent initial cost savings. Outsourcing development to an offshore company could be a good solution if you already have an in-depth technical understanding of the project and its underlying architecture. If you have already managed technical Projects successfully in the past, worked remotely across multiple time zones, have an existing relationship with a genuine overseas company, understands the cultural, communication and timezone barriers, you may be able to get these cost savings.
Entrepreneurship was once considered the domain of men. But as in other fields, women have broken the glass ceiling in this area as well and have climbed the corporate ladder to beat the men at their own game.
Although even today the total percentage of women entrepreneurs is still less than 35% as compared to the men, there has been a rise in women leaders worldwide. In Australia itself, there are many female entrepreneurs who are inspiring young women world over with their dedication towards work and knowledge of the industry as they hold influential positions in the corporate world.
With a long 17 year career as Chief Executive of Harvey Norman Holdings, Katie Page has also been referred to as the mastermind behind the success of her company’s empire. She manages a network of 200 stores while also acting as the director of the Retail Council.