Are you thinking of starting a small business in Australia? This article will lay out all the steps that you need to take to make your dream of building your own business and working for yourself a reality. It doesn't matter what kind of business you are looking into or whether you have an idea or not; this article will give you all you need to know when thinking of starting a small business in Australia.
New Enterprise Incentive Scheme (NEIS)
Suppose you are living in Australia and thinking of starting a small business in Australia. In that case, you are in luck because there is a program that is run by Employment Options called the New Enterprise Incentive Scheme (NEIS) which will provide all the training and funding that you need to get your small business idea off the ground and running successfully. This program is perfect for you if you have no idea of how to start a small business at all.
If you have a great idea, and perhaps have recognized a need in the population, and you believe you can develop a service or product that address this need then you should follow this idea through to fruition or simply hire the business case development services at Ontoit. The best place for you to start if you are currently unemployed and need the funding, advice and training to get your business started then I would highly recommend you to go check out NEIS (New Enterprise Incentive Scheme). If you're thinking of starting a small business in Australia, this is the first place you should go to.
Brick and mortar offline business
Alternatively, there is a huge opportunity to start a home business online. The benefits of starting a small business in Australia online are that it gives you huge flexibility in how you'd like to run your business. Opposite to starting a traditional brick and mortar offline business, online business has huge advantages in that you don't need a lot of money to start.
With an online business can save a lot of money and headaches as there is no need for you to set up shop, storefront or office space, you don't even need staff. You may be worried about not having the skills and knowledge with the internet. The whole concept is completely daunting to you, then you don't have to worry, as, with everything, there is a learning curve.
- You don't need to set up a physical shop, storefront, or office space, which means no leasing and renting fees.
- The target audience or customers you may cater to is worldwide and internationally allowing greater profit potential.
- Low overheads costs, because you don't even need to hire staff, no customer service, no direct 1 on 1 selling
- You can work from home, at a library or anywhere you like allowing great flexibility for you to manage your time.
The internet has become a central part of everybody's lives, more and more people access the internet daily than ever before
Money transactions can be at an instant; online money transactions are now as easy as a push of a button, thousands and millions of people are now buying and selling online.
There is no shipping, distribution, packaging or delivery services that you need to worry about, especially in the case where the product or service that you are providing is in a digital form such as e-books, mp3, audio, video and documents. All forms of intellectual properties are now a valuable commodity in the online world, and people can download them instantly to their computers no matter which part of the world they are formed.
You don't even need to have your products; there is a new system for companies to market their products. This is called affiliate marketing.
And finally, the no.1 reason why you should start an online business is that the start-up cost can be as low as $0 to $12 for a domain name and $9 per month for a website hosting account.