{"id":80943,"date":"2023-02-13T07:58:00","date_gmt":"2023-02-13T07:58:00","guid":{"rendered":"https:\/\/arielle.com.au\/?p=80943"},"modified":"2026-01-08T07:02:01","modified_gmt":"2026-01-08T07:02:01","slug":"how-to-start-a-small-business-australia","status":"publish","type":"post","link":"https:\/\/arielle.com.au\/how-to-start-a-small-business-australia\/","title":{"rendered":"How To Start A Small Business In Australia (2026 Guide)"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 8<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<p>If you\u2019ve been considering starting a small business in Australia, I&#8217;m here to help with a step-by-step blueprint.&nbsp;As someone who has started 5 businesses in the last 15 years (and currently running 3 of them), I am very familiar with the process. <\/p>\n\n\n\n<p>Starting a small business is simultaneously exciting, terrifying, rewarding and exhausting. Don&#8217;t listen to people who wax on about delusions of:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Work<\/strong>-life balance.<\/li><li><strong>Financial<\/strong> freedom.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>You won&#8217;t have either of those in your first few years. <\/p>\n\n\n\n<p>The good news is that the small business journey is more predictable than most people think.<\/p>\n\n\n\n<p>By building the right processes, hiring the right people and making (mostly) good decisions, you can experience significant rewards. I&#8217;m here to show you how.<\/p>\n\n\n\n<p><strong><strong>(Related: <a href=\"https:\/\/arielle.com.au\/best-website-hosting-providers-in-australia\/\">11 Best Web Hosting Providers In Australia<\/a>).<\/strong><\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. Choose The Problem Your Business Will Solve.<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"667\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/how-to-start-a-business-in-australia-1024x667.jpg\" alt=\"start a small business in australia\" class=\"wp-image-83575\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/how-to-start-a-business-in-australia-1024x667.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/how-to-start-a-business-in-australia-300x195.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/how-to-start-a-business-in-australia-768x500.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/how-to-start-a-business-in-australia.jpg 1300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Can you summarise <a href=\"https:\/\/arielle.com.au\/home-business-ideas\/\">your business idea<\/a> in one to two sentences? What sets your small business apart? If you feel the temptation to use superlatives, you need to think harder.<\/p>\n\n\n\n<p>Examples of terrible small business ideas:<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>&#8220;Best grilled chicken in Sydney.&#8221;<\/span><\/div><\/div>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>&#8220;Cheapest running shoe store in Australia.&#8221;<\/span><\/div><\/div>\n\n\n\n<p>These ideas are impossible to defend. Anyone can claim to be the best, and you&#8217;ll never out-compete Amazon or Rebel Sport on price &#8211; because you won&#8217;t match their economies of scale. <\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/types-of-trusts-in-australia\/\">Should You Set Your Business Up As A Trust<\/a>?)<\/strong><\/p>\n\n\n\n<p>Here are better alternatives:<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>&#8220;Grilled chicken for bodybuilders on Keto diets (50 grams of protein and zero carbs in every serving).&#8221;<\/span><\/div><\/div>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>&#8220;Running shoes for marathon runners who pronate (complimentary entry to Sydney marathon with every shoe sold).<\/span><\/div><\/div>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">You won&#8217;t believe me when I say this, but your current business idea probably sucks. It will improve over time, as you collect more data points from the marketplace, your competitors and your mentors.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>Key takeaways:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Decide who<\/strong> to tailor your product or service to them.\u00a0<\/li><li><strong>Conduct market research<\/strong> to determine if there is a demand for your product or service.<\/li><li><strong>Analyse industry trends, <\/strong>competition, and potential customers to identify market problems or opportunities.<\/li><\/ul><\/div><\/div>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/myob-solo-vs-xero\/\">MYOB Solo vs Xero: Which Is Best For Solopreneurs?<\/a>)<\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Decide Whether You Have The Guts.<\/strong><\/h2>\n\n\n\n<p>Most people fail in business because they block their own success. For example, they&#8217;re unwilling to:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Fire<\/strong> their startup cofounder.<\/li><li><strong>Performance manage<\/strong> an underperforming cousin in the family business.<\/li><li><strong>Raise<\/strong> the price of the product, losing some customers in the process.<\/li><li><strong>Drive<\/strong> people to work harder because you have an aggressive competitor in the space.<\/li><li><strong>Start<\/strong> doing uncomfortable things (e.g., making cold calls).<\/li><li><strong>Give<\/strong> <strong>away<\/strong> control (e.g., seek funding from an angel investor to fuel growth).<\/li><\/ul><\/div><\/div>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/paying-overseas-contractors-from-australia\/\">How To Pay Overseas Contractors From Australia<\/a>).<\/strong><\/p>\n\n\n\n<p>People who win in business are extreme, willing to make great sacrifices and hard decisions.<\/p>\n\n\n\n<p>The quickest way to fail is to buy into the nirvana of work-life balance and expect not to face difficulty.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">The #1 Mistake People Make When Starting A Business.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Most businesses fail because founders are unprepared for the sacrifices the business will demand from them.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Build A Basic Business Plan.<\/strong><\/h2>\n\n\n\n<p>Resist the temptation to write an exhaustive, detailed business plan for your small business. Like your business idea, your business plan will change and evolve rapidly. <\/p>\n\n\n\n<p>Anything you plan will be obsolete within a few weeks.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">If you catch yourself spending days on your business plan (and creating pretty graphs), you&#8217;re procrastinating. You&#8217;re avoiding the hard and scary part of starting a business, which is driving revenue.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>When starting a small business, all you need is a basic business plan that outlines:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Your <\/strong><strong style=\"color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">business&#8217; <\/strong>reason for existence (its vision and mission).<\/li><li><strong>Your business&#8217; values<\/strong> (what behaviours are acceptable?)<\/li><li><strong>Financial goals<\/strong>\u00a0your business plans to achieve (1, 3, 5 and 10 years).<\/li><li><strong>Organisational chart<\/strong> that defines areas of accountability and reporting lines.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>The need for a simple business plan is captured well in this tweet by the CEO of Strategyzer, Alex Osterwalder:<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"359\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/business-plan-waste-of-time-1024x359.jpg\" alt=\"business plan\" class=\"wp-image-83910\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/business-plan-waste-of-time-1024x359.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/business-plan-waste-of-time-300x105.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/business-plan-waste-of-time-768x269.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/business-plan-waste-of-time.jpg 1415w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The only exception to this rule is when you fund your small business using private equity or a bank loan. Your financiers will ask for a detailed business plan to help them understand risks and opportunities.<\/p>\n\n\n\n<p>A good business plan in that scenario must also  include the following:&nbsp;<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong style=\"color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Your business model<\/strong><span style=\"color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\"> and structure.<\/span><\/li><li><strong>Details of the service or product<\/strong> you will provide.\u00a0<\/li><li><strong>A run-through<\/strong> of the manufacturing and logistical details.\u00a0<\/li><li><strong>A marketing plan\/strategy<\/strong> you will utilise in the early phases.\u00a0<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Bonus points for including the following:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>An outline of the revenue streams<\/strong> you intend to use and how they will work.\u00a0<\/li><li><strong>Projected returns<\/strong> to show your investors how they will benefit from lending to you.\u00a0<\/li><li><strong>Financial outlines<\/strong> for the next three to five years, including income statements, balance sheets, and cash flow statements.<\/li><li><strong>An outline of your business&#8217;s daily operations<\/strong>, including details about your supply chain, production process, and distribution strategy.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>You can explore <a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/au.oberlo.com\/blog\/business-plan-examples\"><u>business plan examples here<\/u><\/a>.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Keep all information clear, concise and quantified. You want to hook your investors in with a clear point of difference and ROI calculations. Show them how they can 5X their investment in 5 years. <\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Choose Your Business Structure<\/strong>.<\/h2>\n\n\n\n<p>Whether you start your own business or work for a start-up, deciding the proper structure for your small business is essential.&nbsp;<\/p>\n\n\n\n<p>The options are as follows:<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. Sole Trader (sole proprietorship).<\/strong><\/h3>\n\n\n\n<p>A sole trader is a business structure in which a <a href=\"https:\/\/business.gov.au\/planning\/business-structures-and-types\/business-structures\/sole-trader\" target=\"_blank\" rel=\"noreferrer noopener\"><u>single individual owns and operates the business<\/u><\/a>. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Small business owners are responsible for all aspects of the company, including making decisions, managing operations, and assuming any financial risks.<\/span><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Partnership.<\/strong><\/h3>\n\n\n\n<p>This is an organisation of two or more individuals running a business (<a href=\"https:\/\/arielle.com.au\/find-a-business-partner\/\">how to choose the right business partner<\/a>?)<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Partnerships are suitable if those behind the venture can provide access to a broader range of resources (such as capital, expertise, and networks).<\/span><\/div><\/div>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important! <\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Partnerships carry risks of limited lifespan or termination, as they rely on a mutually beneficial and positive relationship between partners.\u00a0<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Company (Pty Ltd).<\/strong><\/h3>\n\n\n\n<p><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/business.gov.au\/planning\/business-structures-and-types\/business-structures\/company\"><u>This a legal entity in which people own shares in a business<\/u><\/a>.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>A company is an excellent option for those wanting to take on more equity or hold multiple ventures in Australia.<\/span><\/div><\/div>\n\n\n\n<p>The downside &#8211; it has limited liability protection compared to other business structures. Those who own a stake are also liable for debts.&nbsp;<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/checklist-for-starting-a-business-in-australia\/\">Ultimate Checklist For Starting A Business<\/a>).<\/strong><\/p>\n\n\n\n<div style=\"height:11px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"790\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/australian-small-business-statistics-1024x790.jpg\" alt=\"australian small business statistics\n\" class=\"wp-image-83823\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/australian-small-business-statistics-1024x790.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/australian-small-business-statistics-300x232.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/australian-small-business-statistics-768x593.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/australian-small-business-statistics-1536x1186.jpg 1536w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/02\/australian-small-business-statistics.jpg 1640w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Check Your Legal Obligations<\/strong>.<\/h2>\n\n\n\n<p>I highly recommend engaging a professional to assess your legal obligations before starting a small business. The business structure you choose will determine your operation&#8217;s rules and regulations.<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/myob-vs-reckon\/\">MYOB vs Reckon: Which Is Best For Aussie SMBs?<\/a>)<\/strong><\/p>\n\n\n\n<p>Establishing a small business in Australia has different requirements and demands. You must:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Acquire licenses and permits<\/strong> such as the Australian Business Number (ABN) to operate legally. <a href=\"https:\/\/abr.business.gov.au\/ContactUs\/Apply\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><u>Apply here.<\/u><\/a><\/li><li><strong>Undergo registration under various authorities<\/strong> &#8211; for example, ensure you comply with the regulations of your particular state or territory.<\/li><li><strong>Check how you are applicable for tax.<\/strong>  As an entrepreneur, you are responsible for paying your taxes.\u00a0<\/li><\/ul><\/div><\/div>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important! <\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Small businesses must check if general insurance policies are required. This is a must-have to protect yourself, your employees, and the public.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. Build Your Core Team<\/strong>.<\/h2>\n\n\n\n<p>A successful small business requires experienced team members with a <u>growth mindset<\/u>. You will add immense value by hiring the right employees from the start.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span><u>Neil Patel highlights<\/u> that the third most common reason that most small business owners fail (a huge 23% of the time) is that they do not have the right team.\u00a0<\/span><\/div><\/div>\n\n\n\n<p>Here is my #1 rule for acquiring the best talent. Look for:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Smart<\/strong> people.<\/li><li><strong>Who<\/strong> want to work hard.<\/li><li><strong>And<\/strong> are honest.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Here&#8217;s why ALL of them are non-negotiable (nod to Naval Ravikant):<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>If the person is hardworking but not smart, they&#8217;ll rapidly move in the wrong direction.<\/span><\/div><\/div>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>If a person is smart but isn&#8217;t hard-working, they will be yet another failure to launch who had &#8220;so much potential&#8221;. All of us have friends like these.<\/span><\/div><\/div>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>If a person is smart and hardworking but not honest &#8230; well, they&#8217;re a crook who will look for ways to scam you.<\/span><\/div><\/div>\n\n\n\n<p>Once you find the right people:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Ensure <\/strong>they&#8217;re clear on their roles and responsibilities.\u00a0<\/li><li><strong>Outline <\/strong>the goals and targets they need to achieve.\u00a0<\/li><li><strong>Invest <\/strong>in the right tools to support efficient work processes. These could include customer relationship management (CRM) software, <a href=\"https:\/\/arielle.com.au\/best-accounting-software-for-small-business\/\">accounting software<\/a> and collaboration tools.<\/li><\/ul><\/div><\/div>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/myob-solo-vs-freshbooks\/\">MYOB Solo vs FreshBooks: Which Is Best For Solo Traders<\/a>).<\/strong><\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>7. Leverage Freelancers<\/strong>.<\/h2>\n\n\n\n<p>You will save time by having on-demand help from people who possess skills that you don&#8217;t. <\/p>\n\n\n\n<p>Instead of spending hours or days learning how to do something, or wasting time on hiring contractors each time, start Upwork contracts with the following types of freelancers, and dip into their expertise as needed. <\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Developer. <\/strong><\/h3>\n\n\n\n<p>Find a generalist full-stack developer (Eastern Europeans offer the best balance of skill and cost &#8211; you can hire one for $20-30\/hr) who will help you with website setup, hosting, basic WordPress modifications and troubleshooting.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Virtual Assistant<\/strong>.<\/h3>\n\n\n\n<p>This is one of the most critical early hires you will make. Philippine VAs are remarkably rigorous and will pick up administrative, repetitive, research-centric aspects of your workload for about $10\/hr.<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/best-pos-systems-australia\/\">Best POS Systems In Australia<\/a>).<\/strong><\/p>\n\n\n\n<p>The Philippines is about 3 hours behind the east coast of Australia, which works well from a workload perspective as there&#8217;s a lot of overlap in business hours.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">You can finish your workday by delegating tasks to your Philipinnes-based VA, and finding them complete the next morning.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8. Choose A Business Name<\/strong>.<\/h2>\n\n\n\n<p>Choosing a business name can be difficult. It is a crucial part of your brand identity and can make a great first impression on new customers, so it is important to get it right. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>When choosing a business name, choose one memorably that stands out from the competition. <\/span><\/div><\/div>\n\n\n\n<p>Don\u2019t choose a name that\u2019s similar to other competing businesses.<\/p>\n\n\n\n<p>It\u2019s a good idea to avoid using complex words or phrases that are difficult to spell or pronounce. Also, choose a business name that reflects the services or products you offer. Vague and abstract names are easily forgotten.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>9. Figure Out Your Finances<\/strong>.<\/h2>\n\n\n\n<p>Your small business will thrive or perish on finances.<\/p>\n\n\n\n<p>You must calculate the fees associated with starting and running your business, including upfront and ongoing expenses. The total amount should be above your break-even point.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Base your budget and start-up costs<\/strong> on costings from the industry.\u00a0<\/li><li><strong>Clarify a figure <\/strong>you need to finance your business.\u00a0<\/li><li><strong>Consider small business loans<\/strong>, friends and family investments, or personal savings.<\/li><\/ul><\/div><\/div>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/guide-to-capital-expenditure-capex\/\">Ultimate Guide To Capex<\/a>).<\/strong><\/p>\n\n\n\n<p>Once your business is up and running, keeping track of your financial performance is essential.&nbsp;This includes:&nbsp;<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><a href=\"https:\/\/arielle.com.au\/how-to-make-an-invoice-australia\/\"><strong>Issuing<\/strong> invoices correctly<\/a>.<\/li><li><strong>Tracking<\/strong> your income and expenses.<\/li><li><strong>Analysing<\/strong> your profits and losses.<\/li><li><strong>Making necessary adjustments<\/strong> to your budget or business strategy.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Tools such as <u>Xero<\/u>, <u>Expensify<\/u> and <u>PlanGuru<\/u> will help automate many of your processes.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/how-to-accept-credit-card-payments-small-business\/\">How To Accept Credit Card Payments In Your Business<\/a>).<\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>10. Develop A Marketing Plan<\/strong>.<\/h2>\n\n\n\n<p>A marketing plan will increase your visibility, establish a presence in the market, and capture market share.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Developing a strategic plan that targets your short- and long-term goals is imperative.<\/span><\/div><\/div>\n\n\n\n<p>Below are different angles you should consider:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Search Engine Optimisation (SEO):<\/strong>&nbsp;<\/li>\n<\/ol>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Identify the keywords customers will use<\/strong> to find products or services like yours to rank well in search engines.<\/li><li><strong>Employ the targeted keywords<\/strong> throughout your website content (page titles, headings, and meta descriptions).\u00a0<\/li><\/ul><\/div><\/div>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Social Media Marketing (SMM)<\/strong>:&nbsp;<\/li>\n<\/ol>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Ensure your content is targeted<\/strong> to each specific audience on various social media platforms.<\/li><li><strong>Schedule your content<\/strong> to roll out daily with planners like <u>Later.<\/u> The algorithm favours consistency over perfection.<\/li><li><strong>Adapt and create future content<\/strong> to suit the analytics on your best-performing posts.\u00a0<\/li><\/ul><\/div><\/div>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Advertising<\/strong>:&nbsp;<\/li>\n<\/ol>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Traditional advertising<\/strong> and the press are effective tools for reaching a large audience quickly.\u00a0<\/li><li><strong>Consider TV, radio, newspapers, and magazines<\/strong> for campaign launches or specific offers.\u00a0<\/li><li><strong>Utilise online strategies<\/strong> such as paid ads to target users searching for similar products.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bottom Line On Starting A New Business In Australia.<\/strong><\/h2>\n\n\n\n<p>The steps to starting a small business in Australia may be overwhelming, but I hope that this guide will help you feel in control<\/p>\n\n\n\n<p>Once you&#8217;ve prepared a detailed business plan that addresses the above elements of structure, finances, operations, and marketing &#8211; you should feel empowered and excited. <\/p>\n\n\n\n<p>At every stage, continue to ask yourself one question, \u2018How can my business make a greater impact?\u2019 Then &#8211; get to work.&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Steven<\/p>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 8<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>If you\u2019ve been considering starting a small business in Australia, I&#8217;m here to help with a step-by-step blueprint.&nbsp;As someone who<\/p>\n","protected":false},"author":3,"featured_media":83574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_uag_custom_page_level_css":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[277,257],"tags":[261,256,260,43],"class_list":["post-80943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-founder","category-business","tag-business-idea","tag-business-plan","tag-small-business","tag-startups"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How To Start A Small Business In Australia (2026 Guide)<\/title>\n<meta name=\"description\" content=\"A step-by-step guide to starting a small business in Australia to help you improve your chances of success.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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