Thinking of starting a business

Before you get started find out if people are interested in buying your products or services. Also, try to find out who your competitors are and whether the market can sustain your business.

Before starting a business you should consider:
* What product/service will you provide?
* Is there a market for your product/service?
* Who are your competitors?
* What skills do you need?
* What difference will you bring to the market?
* Do you have the financial capacity?

What type of business should I start?

Starting a new business requires a great deal of time and money. You’ll need to research the market, raise finance, establish contacts, find a location and maybe hire new staff.

Buying an established business, or a franchise, has the advantage that operations are already in place. The premises and stock, customer base, suppliers and income stream are already established.

Also consider seeking advice from professional business advisers or your solicitor or accountant.

How do I choose a business name?

Choosing the right name will help ensure you’re creating the right image for your business. It’ll also help to distinguish it from your competitors. Before deciding on your name you should familiarize yourself with the different registration requirements.

How can I get advice & support?

You can take advantage of a broad range of advice and support offered by Australia Home Biz Match. These services include information and advice on starting and growing a business.