Daily BulletinHoliday Centre

Business News

  • Written by Diana Smith

Nine out of ten startups will fail. And as if this wasn’t enough, many of them will fail within their first year. No matter how scary these stats may seem, they shouldn’t stop you from taking your chances and launching a startup. After all, how can you expect to succeed in the business world without being ready to take some risks? If you decide to do so, it’s still a good idea to do everything you can to ensure your startup survives first twelve months. With that said, here are five tips for surviving your first year as a startup.

Hire carefully

Your employees are your most valuable asset and ensuring you bring in the right people is extremely important. According to some reports, the costs of a bad hire can even reach 200% of the first-year salary. Therefore, the last thing you want to do is hire someone who’s going to hurt your brand even before you completely build it. Luckily, picking the right candidate doesn’t require any special skill or experience. As long as you put enough effort into identifying the best candidates, you’ll do fine. It’s a good idea to come up with questions you’ll ask every candidate and compare their answers later on.

Do your homework

Studies say 19% of failed startups ended up shutting down because they weren’t able to keep pace with the competition. The process of launching a startup is rather simple, which is why competition in almost every industry is only becoming stiffer. If you want to ensure you don’t get left behind, it’s recommended that you keep a close eye on what other businesses in your niche are doing. Take a good look at their websites and social media pages. This should help you figure out what customers think they should do better and implement it in your startup.

Be prepared

Even if you give your best, there will be times when something will slow your business down. And if you’re still new in the corporate arena, it’s critical that you overcome all the issues and keep operating. The most important part of it is being prepared. For instance, if you suddenly get overloaded with work, having a list of freelancers you can include in a project can provide you with some relief. Also, having the number of a good emergency electrician can be helpful in case something happens to your equipment. Come up with a plan B for every project you start and you’ll have nothing to worry about.

Get online

There’s no need to say the web plays a big role in our everyday lives. Every startup needs a strong online presence or they won’t be able to keep pace with other companies in their industry. If you want to create a website for your business, you also need a web server where you’ll store your website files. Shared hosting used to be popular, but opting for private server hosting with Microsoft Windows is a much better option. Besides your website, you should also create pages on social media platforms such as Facebook and Twitter.

Get office design right

Obviously, the place you operate from impacts your operations quite a lot. Whether you work from your garage or you have a real office, getting the design right can help you land clients and increase employee productivity. Comfy furniture is an important piece in every office, as it eliminates back pain and gives your clients a place where they can wait. Staying motivated is also extremely important, and you can think about hanging motivational posters on the walls in your office. Last but not least, letting some natural light into your office is always going to help.

The first twelve months are the key for every business out there. Put enough time and effort into it, and you should be able to get through your first year and start working on growing your startup.


How to Choose the Right Data Recovery Solution for your Business

In the modern business environment, data is one of the most important commodities. A typical B2C seller, for instance, offering home delivery service cannot deliver the product to the right addres...

News Company - avatar News Company

CrowdStrike Services Cyber Front Lines Report

New CrowdStrike Report Finds an Increase in Cyber Adversaries Turning to Business Disruption as Main Attack Objective CrowdStrike Services Cyber Front Lines Report offers observations gained from t...

Media Release - avatar Media Release

Which web design software is best for beginners

There are dozens of site-builders and software devoted to the art of creating a website. Some of these, like the one offered by Adobe, are more technically oriented and in many cases require a backg...

News Company - avatar News Company


Guzman y Gomez (GYG), Australia’s favourite Mexican, is set to launch its first flagship restaurant in North America this month, opening its doors in the Chicago suburb of Naperville on January 16. ...

Media Release - avatar Media Release

All you need to know about SEO

To date, many enterprises in the country have already been able to appreciate the advantages of Internet site promotion. First of all, this is possible due to the relative cheapness of such promotio...

News Company - avatar News Company

Ways to improve the climate inside your office

Our work environment impacts our productivity and efficiency exponentially. Many researchers have provided factual data to support this claim. People who work in a clean, cozy environment show a h...

News Company - avatar News Company

The Conversation


Scott Morrison Press Conference - Australian Parliament House

Good afternoon. While we are facing more benign weather conditions in the short term, this morning, I received briefings from the Bureau of Meteorology, which set out that over the medium term out...

Scott Morrison - avatar Scott Morrison

Bushfire emergency support for primary producers

Farm, fish and forestry businesses in fire-affected regions will get the help they need to rebuild with an initial $100 million in emergency bushfire funding, which will be made available following ag...

Scott Morrison - avatar Scott Morrison

Immediate financial support for bushfire affected communities

The Morrison Government will provide an initial and immediate base payment of $1 million to 42 of the most severely bushfire impacted councils in New South Wales, Victoria, South Australia and Que...

Scott Morrison - avatar Scott Morrison


The Family Travel Handbook from Lonely Planet

Everything you need to know to take unforgettable trips with your children   Full of practical advice, ideas and inspiration for every type of family, Lonely Planet's The Family Travel Handbook ...

Adam Bennett - avatar Adam Bennett

3 Ideas for a Family-Friendly Holiday to Bali

A family holiday is always an exciting time, but it can often come with its fair share of challenges, especially when trying to keep every member of the family happy. Thankfully, the beautiful islan...

News Company - avatar News Company

The Best Things to Do in Adelaide Hills

Adelaide Hills has long been a relaxing escape for the people of Adelaide and beyond. Its proximity to the capital makes it an accessible destination that feels like you’re miles away from the hustl...

News Company - avatar News Company