Guide to starting a business
Before you start
Check if you're ready
Starting a business requires a lot of effort and commitment. It’s important to know what's involved and if you're suited to business and self-employment.
We recommend you take some time to critically evaluate yourself and the challenges of owning a business. See if you're ready to start a business.
Analyse your business idea
It's important to research and analyse your business idea and consider its potential.
Some questions to ask yourself are:
- Is there a want or need for your product or service?
- How hard will it be to develop your idea?
- Is your idea financially viable?
- How will you protect your idea?
- Who are your competitors?
Researching your business idea involves gathering, analysing and evaluating information to that will also help you write your business goals.
Do you have a business or a hobby?
Work out if your activities are that of a business or a hobby. There are different tax, insurance and legal obligations depending on what you are.
If you are unsure, read our information on the difference between a business and a hobby.
Open all
button toggle all accordions1. Make key decisions
2. Plan your business
3. Help for your business
4. Register your business
5. Prepare your finances
6. Know the law
7. Protect your business
8. Prepare for tax
9. Set up operations
Setting up your business operations properly will save you trouble in the long run, and give you more time to focus on running your business.
10. Market your business
About Us
Quick Links
We acknowledge the traditional owners of the country throughout Australia and their continuing connection to land, sea and community. We pay our respect to them and their cultures and to the elders past and present.
© Commonwealth of Australia.