Now known as one of Australia’s favourite sharks on Shark Tank, Dr Glen Richards’ entrepreneurial journey began at 27, when he bought a small vet practice in Townsville.
As a business Versent is all about bringing craftsmanship back to technology for the enterprise space. The company has just launched its new initiative, Level 3, to help it do that.
“Almost everything about scaling is counterintuitive. And one of the foremost examples is that reacting to the emotions you’re having as your team adds more people is usually a bad idea. Everyone’s first instinct is to grab back the Legos that the new kid took — to fight them for that part of the tower or to micromanage the way they’re building the tower. But the best way to manage scaling (and one of the secrets to succeeding in a rapidly growing company) is to ignore those instincts, and go find a bigger and better Lego tower to build. Chances are if you pick your head up and look around, there’s a brand new exciting pile of Legos sitting right next to you.” [Source: First Round Review]
From Pop Culture to Politics, Business to Babies – all of these high growth media startups have put in the hard work, have experienced the manic depressive up and down cycle of building and maintaining an engaged audience and are now emerging as key influencers across the Australian media landscape.
When you ask yourself what the most common causes of a struggling startup might be, there are some obvious answers, and some that the savvier and more experienced entrepreneurs might have to add. One such cause of hardship – that is often overlooked – is the issue of scaling.
We’ve all been there. You come up with a seemingly awesome idea but after going through the motions in your head you refuse to pursue it further. You call dealbreaker. For some reason or another, you felt that the idea would not be worth the time, effort or money involved and would probably not scale.