Author Topic: Business types and industries  (Read 876 times)


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Business types and industries
« on: December 25, 2018, 10:50:30 PM »
Each business type and industry has different legal, operational and business needs. Before you start your business, it's important that you understand how these obligations will affect your business.

Business types
Some of the most common business types are below:

Established business
Buying an established business can save you time and help you hit the ground running. However, there are risks involved, including previous business debts and existing staff issues. Find out the pros and cons to buying an established business and the steps you can take to ensure a smooth hand over.

Family business
Taking over the family business? It can be a great solution for everyone, but also has its challenges. To help your family business run smoothly, read 10 tips for family businesses.

Foreign business
If you’re not an Australian citizen or permanent resident and want to start a business in Australia you’ll need to know the requirements that apply to Australian businesses. Find out the basics on coming to Australia to start a business.

Franchise business
Like any business decision, you should consider franchising carefully. Franchising is unique with its own legal requirements and code of conduct where you need to follow the right processes. You should consider professional or legal advice, or read more about buying and owning a franchise before you start.

Home-based business
Working from home can be convenient and a more flexible way of running a business. You can maximise your success by understanding the risks and government requirements that apply to you. Find out what to consider before starting a home-based business.

Import or export business
There are certain permits you need before you start to import or export products. Doing your research early on will help you follow the correct steps and regulations and avoid penalties.

Find out what you need to do and where to go for assistance before you start your importing or exporting business.

Indigenous businesses
The steps to start, run and grow an Indigenous business are much like running any other business in Australia. However, there is some additional government support and assistance available to Indigenous business owners.

Online business

The way you operate your online business will depend on the type of products or services you offer. Having a plan early on can lay the foundation for an effective online presence regardless of the option you choose.

If you want to set up a business website, online shop, blog or social media account, check out our section on Marketing to find out more.

Starting a business as a young person
If you're young and have an entrepreneurial spirit, don't worry! You can still start a business as a minor with some proper planning and information.

Read more about starting a business as a young person.

Industry types
Each industry has its own unique legal, operational and business requirements. You may be:

a plumber looking for the latest code
a retailer checking your workplace health and safety requirements
a business undertaking market research for your business plan.
Our industry fact sheets can help you find the information you need. Or speak to one of your industry associations or find your nearest business adviser.