Building your business from the ground up can be very fulfilling, but entrepreneurs, particularly startup owners, know that a long and arduous journey lies ahead. The phrase “fake it ‘til you make it” is often embraced by many business leaders, but this approach can greatly impact their wellbeing and impede the progress of the businesses they are trying to establish.   Studies show that entrepreneurs are 50% more likely to report having a mental health condition than the general population, but it is often swept under the rug. While leaders work their way to success, their passion a ..read more

Here’s the reality: not all clients are a good fit for your business.  Sure, having a steady clientele is essential for any entrepreneur, but landing “ideal” clients can be tricky. While it can be tempting to cast a wide net to increase the number of potential clients for your business, it’s best to narrow your search and find the clients whose needs align with the products or services you provide.  I’ve come to realise this while spending sleepless nights poring over potential clients.  After I make my pitch to a potential client and don’t back from them for a few days, I can’t ..read more

I say, good luck.  Looks like Miss Americana is tired of the constant flight tracking. The singer’s lawyers have finally threatened legal action against Jack Sweeney, the 21-year-old college student behind the now-suspended social media accounts @taylorswiftjets, which had been used by Sweeney to post flight information of Swift’s private planes.     In the leaked cease and desist letter sent to Sweeney, Swift’s lawyers alleged that “through these Offending Accounts, you have engaged in stalking and harassing behaviour, including consistently publishing real-time and ..read more

  Building your business from the ground up can be very fulfilling, but entrepreneurs, including startup owners, know that a long and arduous journey lies ahead. The phrase “fake it ‘til you make it” is often embraced by many business leaders, but this can greatly impact their wellbeing and slow down the new organisations they are trying to establish.  Studies show that entrepreneurs are 50% more likely to report having a mental health condition than the general population, but it is often swept under the rug. While leaders work their way to success, their passion and drive can some ..read more

Action adventure game Palworld made a splash early this year when it sold over 2 million copies during its early release launch, but its success was quickly overshadowed by criticism. According to several users, it bears too much resemblance to Pokémon, the iconic media franchise from Japan. The fact that its unofficial tagline is “Pokémon with guns” only served to fuel the debate further. It did not take long for The Pokemon Company to address the allegations. In a statement, the company said they “intend to investigate and take appropriate measures to address any acts that infringe on intell ..read more

Despite facing many controversies since its launch, ChatGPT from OpenAI has quickly become a go-to tool for businesses, with many looking for ways to integrate artificial intelligence (AI) into their content and marketing mix. But while it opens up infinite possibilities in terms of practical applications and automating tasks, it can also lead others to question a company’s credibility, especially for those in the legal profession. If you are considering using AI tools like ChatGPT or Dall-E for content creation and marketing, here are some important things to remember, including legal, ethica ..read more

Arguably, no other document is as pivotal in determining the future of your startup or business as the term sheet. Apart from attracting venture capitalists (VCs) and other prospective investors and generating competition to ensure you get the best deal, this key document can also serve as the blueprint for succeeding funding rounds. Knowing the basics of a term sheet from the outset is crucial if you want to fund your startup or business successfully. Read on for our guide on creating an effective term sheet for investors. What is a term sheet? A term sheet is a preliminary contract that defi ..read more

Before creating content, whether as a content creator, a startup or a business owner, it’s essential to respect and be aware of copyright laws. This is crucial, especially when designing your company logo, creating marketing materials, developing a product and more. You’ll need to understand the fine line between copyrighted material and those in the public domain to avoid legal pitfalls.  What is a Copyright? Copyright is the exclusive legal right of the creators of an original work to control certain activities regarding their original piece. These include copying and re-use, like publi ..read more

Intellectual property (IP) is essential to any business, especially if you’re a startup. They can create new revenue streams, minimise tax and secure investments for the company. For these reasons, exploring the best practices to protect your IP assets is crucial. This includes setting up a holding company and having a dual company structure, a strategy many Australian businesses use. What is a holding company?  A holding company is created specifically for purchasing and holding shares of other companies. Rather than providing services or creating and selling products to customers, a hol ..read more

The growth of client demands amid recent economic challenges has fueled the rise of alternative legal services providers or ALSPs, with a recent report from Thomson Reuters citing they now make up a US $20.6 billion segment of the legal market and Australian law firms showing the most sophistication in their use. Law firms are either incorporating an ALSP internally or externally, especially for consultations on legal technology, and more and more clients are delegating work to these providers than traditional law firms. The Difference Between ALSPs and Law Firms ALSPs are businesses that prov ..read more