What type of business should I start?

Do you want to start a new business, or would it be better to buy an already established one?

Starting a new business requires a great deal of time and money. You'll need to research the market, raise finance, establish contacts, find a location and maybe hire new staff.

Buying an established business, or a franchise, has the advantage that operations are already in place. The premises and stock, customer base, suppliers and income stream are already established.

State governments can help you with information and guidance on assessing business opportunities. Also consider seeking advice from professional business advisers or your solicitor or accountant.

What to do...

Read our topics on starting a new business and buying an established business.
Contact your nearest Business Enterprise Centre for free advice and support.
Download a copy of the Tax Office's From apprentice to business owner guide for assistance in deciding what business to run if you are in a trade.
Consult an experienced business adviser, accountant or solicitor.
See what advice and support is available in your state or territory.