Thinking of starting a business | How-to guide | business.gov.au 

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Do you have a new business venture idea and are thinking of starting a business?

Investing time and focus into proper planning is the key to turning your dreams into reality. Operating a small business is not just about working for yourself or working from home, it's also about having the necessary management skills, industry expertise, technical skills, finance and of course a long-term vision to grow and succeed. 

It’s important to consider whether you really understand what's involved and whether you're suited to business and self employment. 

Are you ready to start a business?

When deciding if you're ready to start a business, consider the following questions:

  • what are your reasons for getting into business?
  • what are your business goals, objectives and skills
  • what level of income will your business will need to generate?
  • advantages and disadvantages of establishing your own business.

We've put together some information below on the free resources, tools and templates available to help you decide whether you are ready to starting a business.