RSS
Twitter
Facebook
Australia has many opportunities for small business start-ups. With its
vast array of industries to choose from, small business entrepreneurs will have
their hands full in determining the right business for them. Among the top five
industries suited for small start-ups are the following:
- Agribusiness
Australia is gifted with vast tracts of
lands that are suitable for agriculture. Its great variety of weather, the
pattern of its rainfall and the types of its soil make it a good place for
agribusiness. This includes inland and sea based aquaculture, farming,
horticulture, livestock production, thoroughbred breeding and forestry
products.
Australia’s agricultural products are
catered to global market. Hence, it can compete with other products of other
countries. Considering the vast agricultural resources and rural production,
there is now significant agribusiness opportunities where business
entrepreneurs can choose to invest and start a business.
2.
Australia’s Online Industry
It is one of Australia’s flourishing
industries which reshaped the lifestyles of the Australian people. This
includes online consultations, online advertising and the most popular online
retailing. Like other countries, Australians are very much dependent on the
Internet in carrying out most of their daily activities – from shopping,
banking, buying food and other needs, business transactions, among others.
Online retailing is widely supported by consumers, making it a good business
prospect.
3.
Australia’s Tourism Industry
It is a major contributor to the
Australian economy and employment. There are other industries that benefited
from tourism. A growth in tourism influx means greater income for the locals
through various business activities catered to foreign visitors. And with the
Australian government laying out plans to maximize the entry of foreign
tourists in the country, a lot of industries will benefit from such
undertaking. One can invest in advertising company to take advantage of the
massive promotional campaign to highlight this government initiative.
Alternatively, entrepreneurs can also invest in small accommodations, local
transportation for tourists, travel agency and tour operator services. Souvenir
shops for tourists may also be a good business start-up.
4.
Australia’s Healthcare Industry
The growing number of Australia’s
ageing population coupled with the expanded coverage of the private health
insurance requires a high demand for health services. Included in the health
services are general hospitals, home care facilities, doctors, specialists,
dentists and nurses. Entrepreneurs can take advantage of this reality by
starting up a home care facility catering to the ageing population.
5.
Australia’s Consulting Industry
This is one of the fastest growing
industries in Australia. It includes management and provision of scientific and
technical services to businesses. The consulting industry provides businesses
with low-cost restructuring plans. Their managerial expertise guide their
customers how to handle the company efficiently. These consultants are among
the top products from Australia’s respected and reputable universities.
Entrepreneurs can invest in providing consultancy services to different
companies already operating in Australia.
While there is no surefire way to tell which of these 5 industries will
give you a successful business, you will be in a more solid ground if you do
your due diligence, regardless of the industry choice, in order to make sure
that you are aware of the challenges of the industry and you are equipped with
the knowledge of how to overcome such challenges.
Photo credit to: The Short Collection
-FinanceTalkAustralia%2B--%2BBusiness%2BLoans.jpg)
0 comments