Reasons to Start Your Own Small Business

Posted by Georgia Kirby on May 15, 2018 7:00:00 AM

There are over 2 million small businesses within Australia, with the number constantly rising. Here are some key reasons as to why so many are making the switch:

All people are businesses

Think of yourself as a business, with the product for sale being your skills, knowledge and experience. Being employed full time, equated to selling all your products to one customer, which in today's fast moving economy, puts you on shaky ground. A small business is a way to generate additional streams of revenue.

Anyone can start a small business

In the connected, technological world we currently live in, all you need is an idea and internet connected mobile to get started. The internet and overall size of your network will give you a base to test ideas, while increasing your cash flow, and both skills and knowledge. Through the web you effectively have access to up to 40% of the world's population. It just comes down to how creatively and efficiently you use this network.

Anyone can build a successful business.

Success is no longer confined to revenue, market share or profit. Today it encompasses that plus flexibility, satisfaction and mobility. Minimal start-up costs and the ability to run the business flexibly means that anyone can start small and gradually build the business by testing learning and adapting. As a result, failure risks are minimised while also developing vital experience and skills.

It's not simply writing up your business plan. It's about building a real business model, testing it and creating evidence as to how the business works, Including unlocking potential opportunities and dealing with any issues before they become to difficult to truly control.

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Topics: Firm News


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