Is starting a small business venture in Australia always expensive?
Although not always expensive, depending upon the small business in question, there are times when starting a small business in Australia can be very costly. Starting a business out of your home that is largely an online service, such as freelance writing, would likely not have much in the way of start up expenses. On the other hand, starting a small manufacturing business in Australia that requires an office space, production area, and warehousing, along with product components and staff, would be far more costly as a new business. When starting a small business knowing what manner of small business you are thinking of, and on what scale, will go very far towards defining how much in the way of business financing you will require. This will help you determine the best possible funding sources that will help you obtain these goals without putting your new business into too much risk of defaulting and going under before it can truly start up.
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You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.
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