"Australia's start-up scene is lively, practical and globally connected. Founders arrive for lifestyle, market access and stable rules, then stay for talent and community. Early choices on structure, cash flow and where to live shape momentum. This guide distils founder‑friendly stats and rules of thumb to help you budget smartly, relocate smoothly and give your venture the best chance to thrive."
"Most founders secure an ABN, then register a company with ASIC when signalling seriousness to investors or partners. Factor GST at 10% once turnover passes the threshold. Plan for BAS lodgements, PAYG withholding, workers' compensation and public liability insurance. Budget for a bookkeeper and lawyer; prevention is cheaper than fixes. Pick a structure that matches goals. Companies suit growth and external funding; sole traders suit simplicity. Separate personal and business accounts on day one."
"Capital‑light ventures can launch lean: a laptop, a few subscriptions and targeted marketing. Asset‑heavy ideas need more runway. Track three lines-once‑off setup, monthly burn and contingency. Add a 15-20% buffer: estimates skew optimistic and suppliers rarely move as fast as you do. Remote‑first reduces fixed costs. Coworking passes, shared studios and short licences let desks scale with headcount. Avoid annual software commitments until product‑market fit is clear. Spend where quality compounds-accounting, cybersecurity and customer support-and delay van"
Australia's start-up environment combines lifestyle appeal, stable regulation and global connectivity, attracting founders for market access and talent. Founders typically secure an ABN then register a company with ASIC when signaling seriousness; company structure impacts funding options and simplicity. Budgeting should track one-off setup, monthly burn and contingency with a 15–20% buffer, and account for GST, BAS, PAYG, workers' compensation and public liability insurance. Budget for bookkeeping and legal advice as prevention is cheaper than fixes. Remote-first approaches and coworking reduce fixed costs; prioritize spending on accounting, cybersecurity and customer support and avoid premature annual software commitments.
Read at London Business News | Londonlovesbusiness.com
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