News in Members News

More websites spruiking too-good-to-be-true deals on barbecues, outboard motors and outdoor furniture have been shuttered, months after two Latvians were accused of running a sophisticated scam network. Detectives from the Financial and Cyber Crime Group are investigating possible links between more than two dozen websites the pair, 27-year-old Nastasija Sveinika and 25-year-old Aleksandrs Gorikijis, was allegedly behind and three new sites shut down after catching more Australians out in recent weeks.

All entrepreneurs are Millennial coding wizards who spend their days inventing disruptive fintech platforms between ping pong tournaments and lounging about in bean bags in their uber-cool, open plan offices. Right? Not so fast. The new wave of entrepreneurs is driven, experienced and may even have a few grey hairs. Seniorpreneurs, business owners aged 55 to 64, lead about 34% of Australian firms, according to new research from the Swinburne University of Technology and Queensland University of Technology.

Businesses these days can be forgiven for asking themselves whether an app or a responsive website is the best choice for their organisation — and for good reason. Old-school marketers will tell you that your business must have a website, and any remaining budget you have should be spent on supporting that site. So where in this equation does an app fit in, especially if you’re an SME? After all, high quality apps don’t come cheap. Mobile access to the web continues to grow, so as a modern-day business, where should you be putting your hard earned dollars? Website, app or both?

When does a startup become a grownup?

I love business, innovation and investment and I especially love startups where all these variables meet. I love them for their imperfection, their agility, energy and excitement and particularly their courage to achieve against the odds. A startup can be infectious, attracting raw talent and ideation which established and large enterprise can only dream of. However, I frequently get told that startups are not real businesses – just pipe dreams. I firmly believe that this perception amid naysayers is not directed at the business idea, but more at the immaturity of founders to recognise the needs of the people that will ultimately help make them a success – the investors.