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Discussion Starter · #1 · (Edited)
Hi Everyone,

I am posting this out of my curiosity to know if anyone is planning or started small business after migrating to Australia with small capital?

What kind of business could be started with a small capital of about $75,000-150,000 and what are the legalities involved in starting one say sole proprietary (company registration, Address, TAX Number etc)?

I would appreciate sincere & honest answers from everyone, we are planning our contingency (and bombarded with tons of questions in our mind) say after moving to Australia and failing to acquire decent job, would it be a good idea to work for own self?

Thanks in advance,
:confused::confused::confused:
 
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Discussion Starter · #2 ·
Hummmm... noone seems to be looking at business as plan B for australia.. :)
 

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We are both self employed (as we were in the UK) with my husband being a sole trader and myself having a proprietary company (limited by shares).

My husband runs a small gardening business and needed a lot less than $75,000 to set himself up and I run a business online so the costs were even less than that.

You need an ABN (Australian Business Number) which can be set up yourself or through an accountant. Our accountant sorts out the taxes and the tax file number for us.

You'll need to talk to a professional to see about what sort of set up would be right for you, whether you wanted to (or needed to) register for GST (Goods and Services Tax). For some people it makes sense to register even if they are not above the threshold since they can claim back GST. See ATO for more details at GST essentials

Australia has loads of franchises (Franchise Business - The official directory of the Franchise Council of Australia) and you may want to go into business that way rather than start up completely on your own.

Most states have small business gov websites that can be useful and you can find them in your favourite search engine.

There is a difference in mind set between being an employee and being a business owner - some people take to it naturally while others struggle. It also depends on the business you decide to start up. Running your own business is not for everyone since it takes a lot of determination, many various skills and often work longer hours than an employee.

Starting a business was not plan B for us - being employees would be plan B for us (in fact it would be plan Z) :D

More info can be found at:
business.gov.au home page

It's also very useful to join local business networks and organisations such as chamber of commerce (although they do tend to deal with bigger businesses in my experience).

Hope that helps,
Karen
 

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Discussion Starter · #5 ·
Thanks Karen for sharing valuable information and matjones for your humour. :tongue1:

The fact is we (me or my wife) have no experience in running business previously, therefore, our plan A is still seeking employment, if this doesn't work out (for any reason) then we would look for starting some small business.

I think we would be comfortable doing some IT related business or Technical consultancy. My wife can do Websites, design and development, while I would do Network / Servers/ Routers/ firewall, IP Telephony, call centre, CRM etc. set-up and maintenance.

Karen, may be you can throw more light, if there is any Legal requirement to setup an IT business in Australia, I think you partially answered it when you mentioned that you started sole proprietary business in Australia (limited by shares), So, I assume that you don't need to be an Australian National to start a sole proprietary business, you can start business in PR status as well, please correct me if I am wrong.

Matjones, what is your business line, if you feel ok to answer that?
 

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Thanks Karen for sharing valuable information and matjones for your humour. :tongue1:

The fact is we (me or my wife) have no experience in running business previously, therefore, our plan A is still seeking employment, if this doesn't work out (for any reason) then we would look for starting some small business.

I think we would be comfortable doing some IT related business or Technical consultancy. My wife can do Websites, design and development, while I would do Network / Servers/ Routers/ firewall, IP Telephony, call centre, CRM etc. set-up and maintenance.

Karen, may be you can throw more light, if there is any Legal requirement to setup an IT business in Australia, I think you partially answered it when you mentioned that you started sole proprietary business in Australia (limited by shares), So, I assume that you don't need to be an Australian National to start a sole proprietary business, you can start business in PR status as well, please correct me if I am wrong.

Matjones, what is your business line, if you feel ok to answer that?
SPend some time on the site Karen pointed out:

business.gov.au home page

It should answer most of your questions.

I am a web Developer/Programmer. Do you work with opensource VOIP systems such as asterisk? if so what is your preferred software?
 

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Discussion Starter · #7 ·
SPend some time on the site Karen pointed out:

business.gov.au home page

It should answer most of your questions.

I am a web Developer/Programmer. Do you work with opensource VOIP systems such as asterisk? if so what is your preferred software?
I am going through the sites Matjones..there are loads of information there.. thanks again.

BTW: I work on cosmocom (CCU) and cisco (CCM) platforms and in one instance I had interfaced cosmocom with asterisk gateway as well.

Thanks :)
 

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Karen, may be you can throw more light, if there is any Legal requirement to setup an IT business in Australia, I think you partially answered it when you mentioned that you started sole proprietary business in Australia (limited by shares), So, I assume that you don't need to be an Australian National to start a sole proprietary business, you can start business in PR status as well, please correct me if I am wrong.
I have PR visa and I was able to set up a Pty Ltd business.

By profession I'm an RPG analyst programmer specialising in JDE. Over here I followed my passion by writing a basic personal finance course (with more advanced modules to be added on). Unfortunately one of the people who was going to promote it to his members didn't do anything so I've been learning a lot about how to build my list, build websites (I knew some of that before) to get the course promoted. In doing this my business has grown to be more based on website creation using CMS (such as wordpress and joomla) and life coaching. There are still soooo many businesses locally that don't have any sort of website at all and some of them are being quoted tens of thousands of dollars for CMS websites and I can't work out why. When some businesses found out I could build them a website, do SEO and web 2.0 stuff etc. they approached me about doing websites for them.

However things must be picking up in the UK since I've just taken on an IT contract with a company I used to work with in the UK and they were the ones who approached me. So after being away from programming for about a year I'm trying to remember how to do it again :D

If you decide to create a small business I cannot stress enough how important it is to network if you are supplying services to other businesses. Both mine and my husbands businesses have really grown due to networking and recommendation.

Regards,
Karen
 

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There are still soooo many businesses locally that don't have any sort of website at all and some of them are being quoted tens of thousands of dollars for CMS websites and I can't work out why.
Yes, I have always wondered that too. I set up a website for a local Animal Rescue group that I volunteer for using Drupal, which in no way cost me $10,000 dollars on my time, and is a truly amazing, flexible system.
 

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Yes, I have always wondered that too. I set up a website for a local Animal Rescue group that I volunteer for using Drupal, which in no way cost me $10,000 dollars on my time, and is a truly amazing, flexible system.
I'm a committee member (voluntary too) for a local women's business network and they were quoted $10,000 dollars for a CMS website (not sure which CMs) and I asked why when most of them are free? As you say it would take a lot of someone's time to charge $10,000 or a lot of graphics (which were already done) for that amount of money to be spent.

I've found other website developers here who aren't following basic guidelines, are using programs where it's hard to pass on the website without buying specialist software etc. I can't believe what some of them are getting away with.

Mr.India, depending on where you settle maybe Mrs India could still set up a side line in website development - there is definitely a need for good developers who don't charge the earth!
 
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Discussion Starter · #11 ·
Thanks again Karen,

Seems what you are doing now is somewhat same as what my wife does here, she does websites on .Net 2.0 / 3.5 with CMS (her own & dotnetnuke) and SEO stuffs. She is working as freelancer and her work follows her :). But, I work full time and would be looking to do the same in Australia while helping my wife in her freelance work :)

Let's see as we have roughly a year or more to get our PR, we should be able to have clearer thoughts by them.

Many Thanks
 

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Discussion Starter · #12 ·
Mr.India, depending on where you settle maybe Mrs India could still set up a side line in website development - there is definitely a need for good developers who don't charge the earth!
:D:D:D I'll pass on this message to Mrs. India.. he he he :D:D:D
 

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Discussion Starter · #13 · (Edited)
Yes, I have always wondered that too. I set up a website for a local Animal Rescue group that I volunteer for using Drupal, which in no way cost me $10,000 dollars on my time, and is a truly amazing, flexible system.
Isn't this the case everywhere.. the main contractors charges earth to client and outsource work for peanuts :):)

BTW: Dot Net Nuke (DNN) is also a free CMS and works great..
 

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Discussion Starter · #15 · (Edited)
I try and avoid windows based software where ever possible :D
I think you mean Micr0$0ft .:usa:. what to do, we are stuck in middle east and people seem to like M$ a lot here :tape2: :usa: ..

You can see I work with Cosmocom (M$ based) and my wife on .Net (M$ Based).. NOW to add spice..........The asterisk I got to work on was also installed on M$.. :D
 
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