ADVICE FROM QLD'S STARTUP SHARK
28 January 2015, Written by Laura Daquino
STEVE Baxter, the driving force of Queensland's startup scene and the State's sole Shark in the upcoming season of Shark Tank Australia, talks dollars, sense and lessons learnt to Brisbane Business News.
What's the best piece of advice you have ever received in business?
Don't spend a dollar to save fifty cents.
What's a lesson you had to learn the hard way?
Personally, to have more life in the work-life balance equation. In business, opinions mean nothing, while purchases mean everything.
If you could start your career over, what would you do differently?
A couple of things. Mainly to learn the accounts side a lot earlier than I did and back my intuition harder.
What's the most important thing in business?
Make sure you are delivering a product that customers want, are willing to pay for and what they are willing to pay is higher than the cost of production. Sell it for more than what it costs to make. Too many people tend to forget that basic rule.
What are your top tips for budding entrepreneurs, or anybody wanting to launch their own startup?
See and hear more from Baxter when he features on the first season of Shark Tank Australia from February 8 on Channel Ten.