Fast Starters
Growing pains of fastest companies:
Founder’s biggest challengers
Finding good staff 57%
Managing cash flow 47%
Finding customers 22%
Working out competitive advantage 22%
Aggressive competitors 15%
Getting through red tape 12%
Searching for funding %
Finding the right locations 3%
Business challenges for the biggest – for 2010:
Hiring quality staff 64%
Managing staff 37%
Capital for growth30%
Margin pressures 28%
Growing competition 25%
Economic conditions 11%
Industrial relations 5%
Technological change 4%
Rising interest rates 1%
Motivation for starting
Saw a niche63%
Wanted a challenge 41%
Wealth creation 33%
Independence 31%
>Lack of opportunities in previous employment 4%
Start up capital:
Less than $5000 15%
$5001-20,000 11%
$20,000-100,000 28%
$100,001-300,000 23%
$300,001-500,000 5%
$500,000-$1million 5%
$1 -2 million7%
$3-5 million 1%
More than $5million 5%
From idea to start-up (time)
Less than 1 week 3%
1-4 weeks 11%
1-6months 53%
6-12 months17%
1-2 years10%
More than 2 years 6%
Path to profitability
Within the first year 60%
1-2 years 20%
More than 2 years15%
Still not profitable 5%
Source: BRW April 29-June 2 2010
