With the global economy looking fragile and one of Australia’s largest trading partners, China, slowing down, it’s important for Australian business decision-makers to re-evaluate their position as the new financial year begins, according to Atradius. Mark Hoppe, managing director, Oceania, Atradius, said, “The start of the new financial year is traditionally an ideal opportunity for Read More…
How to start your own small business in Australia
Mon 23 March 2015 - 1:02 pmEditor's Choice | Growing | Hot Tips | Managing | Opinion | Small Business | SME Inspiration | Starting | Startup | Strategy | Tips | Advice
Learning how to start your own business in Australia is a passport to freedom for many people. There are many people who may want to move to Australia to start a business, and there are natives of the continent who would love to be their own boss.
You can follow the instructions below to learn how to start your own business and find your freedom.
#1: What Is Your Market?
Your business has to have a market that you can tap in to so that you can make money. Every business must meet a need in its community, or the business needs to offer a service that people will use. You may have the best idea in the world for a business, but you need to move to a place that needs that business. A wilderness rental store will work much better on the edges of the outback, but a clothing boutique should be in downtown Melbourne, Sydney or Brisbane.
#2: How Big Should Your Business Be?
There are many business owners who are happy with their small boutique. They are not interested in growing their business, and they will be happy to keep their storefront for the next few decades. People who want to grow their business need to go to a place where they will be able to grow. A boutique owner can stay on the same street corner for decades as they serve the same people. A business owner who wants to grow must be willing to change locations and expand their influence. These business owners must go to large cities where they can open multiple locations, find more customers and hire more employees.
#3: Are You A Citizen?
A citizen of Australia can go anywhere they want in the country to open their business, but someone who is moving to the country must have a business visa ready to go. The government offers business visas to those who have already made plans to open their business. This visa must be renewed over the years, and you may choose to become an Australian citizen. Your immigration status is of primary importance if you want your business to stay open. Hunt Migration has some great information on the types of business visas here.
#4: Do You Have Your Permits In Order?
People often think that starting a business is a simple process, but starting my own business was very hard. There are many permits that you need to get so that you can begin operating. You must register your business with the local government, and you need to ensure that your building is up to the local building code. The government can shut you down at any time if you do not have the right permits, and there are permits for almost anything you might want to do. Consult the local chamber of commerce to ensure that you have done all the necessary paperwork.
#5: The Internet
Your move to Australia to open a business does not exempt you from starting a website. All businesses must have a website that will sell to customers, and you can make your business more visible with a new website. You can give information about why you opened the business, where you are from and your company mission statement. People will come to see you because of something interesting they read on the site, and you will be able to make a passive income from the site.
Your business is going to prosper in Australia if you are managing it properly. You can start your own business in Australia with these simple instructions, a vision for the future and a passion for offering the best customer service.