Ticketek’s recent $2.5 million fine for anti-competitive behaviour is a stark reminder to start-ups of the constant challenge of breaking into a market dominated by a small group of players.
While most large businesses won’t get hit with such enormous fines for trade practices violations, almost every incumbent will use their market power to marginalise newcomers.
Today, we speak to the experts on what start-ups should do when faced by a near-monopoly, as well as outline the legal options available to those being blocked from customers or resources.
Elsewhere, mentor Philip Weinman gives his investor pitching tips and we take a look at the strategies that Australian SMEs are adopting in 2012.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.