Tread carefully in taking inspiration from overseas ventures
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Some, such as Boost Juice founder Janine Allis, have tailored ideas originally aimed at overseas markets to launch thriving businesses here.
Allis was on a trip to the US with her husband in 1999 when she first saw the juice bar concept in action. When she got home Allis began working on plans for something similar on home turf. Today Boost has 250 stores across 14 countries and Allis is one of the nation's most recognisable businesswomen.
But localising businesses based elsewhere can be deceptively difficult. Business law experts warn those with plans to adapt overseas businesses to be wary of breaching intellectual property laws such as copyright, patents and trademarks.
Keith Hanslow, partner at Millens law practice and business advisory service, says copying a business idea could be a costly exercise.
"They might sue you if you are stealing their idea," he says. "You have to be careful not to tread on their intellectual property. People say intellectual property isn't like a patent, but it's wider than that."
Hanslow advises getting as much information as possible about the business while in its home town.
"You've got to do as much research as you can from over there," he says. "Try the product and experience what it's like, get information on its cost structure and ring the business and see if they have franchises."
With fewer venture-funding options, Australia cannot hope to match the e-commerce success stories of the US and Britain. Yet this hasn't stopped a stampede of Australian businesses customising US outfits. US company TaskRabbit, which outsources errands to vetted people looking for odd jobs, has attracted two Australian counterparts: Sidekicker and Airtasker.
Australian company Spreets jumped on the group-buying trend set by US daily deals giant Groupon.
Outside the e-commerce world, recent start-ups influenced by US business models include indoor trampoline park Bounce.
Call 1300 880 160
Start a chat
Schedule a call
