Five major trends set to shape start-ups in 2013
Tuesday, December 18, 2012/
Australian consumers are predicted to spend around $12 billion on gifts this Christmas, hopefully allowing businesses to end what has, for many, been a tricky 2012 on a high note.
A recent Dun & Bradstreet report says that conditions will be patchy again next year for small firms, with rising profit levels and a stuttering jobs market.
But what of the wider trends that will impact Australian start-ups next year and beyond? How is the business world changing and how can new entrepreneurs take advantage?
We had a look at what the soothsayers are predicting to compile the five mega trends set to influence enterprises in 2013.
To view each trend, click on the tabs below:
1. Emerging markets are selling to each other
We all know that Asia, and China in particular, is the world’s emerging economic powerhouse. The IMF predicts that the purchasing power of emerging markets will exceed that of advanced markets for the first time next year – $US44.1 trillion ($A41.7tr) versus $US42.7 trillion.
But this doesn’t just mean that there are increasing numbers of newly wealthy consumers waiting to snap up products and services from countries such as Australia.
A growing trend next year will be businesses in emerging countries selling to each other – Turkey to Brazil, for example, or India to China.
In order to compete with these new rivals, Australian start-ups are going to need to invest, innovate and raise their game.
“We are very exposed to international markets in Australia and there is no way you can fight against that, you have to embrace it,” says Dr Stefan Hajkowicz of the CSIRO.
“We have to think about what niches we should target, where can we win and where can’t we win; that’s the question Australian companies have to target.”
Story continues on page 2. Please click below.
From the frontlines
A leaf out of Israel's book: Australia needs to step up, or risk falling further behind Anthony Aarons Epifini co-founder
'Few are destined to be unicorns': When is the right time to sell your startup? Peter Forbes HROnboard founder
CX versus UX: What's the difference, and why does it matter? Tom Uhlhorn Tiny CX founder
How augmented reality can motivate and assist employees to develop their skills Alexander Roche Androgogic founder
Forget gender quotas: It's time to review your definition of diversity Inga Latham SiteMinder chief product officer
How to assemble a board of directors that will make, not break, your startup Mark Rohald Cluey Learning co-founder