A capital amount or investment becomes a great deal when it comes to setting up a new business or beginning a startup.
Many individuals have got their ideas for a startup or a small scale business but the obstacle lies in arranging the adequate funds or investment or even the capital amount required in setting up the same.
Off lately government of Australia have begun supporting startup businesses and has helped in boosting small-scale businesses.
Pre-commencement of the business:
At this juncture the business has not commenced or run yet, hence, there exists no such capital investment at this point. But an export and import license can cost up to an approximate of AUS $40, social media shall not cost a penny but a website for the business can approximately cost AUS $300. Hence, these are some of the minimal expenses which are occurred for setting up a new business entity or enterprise.
At this juncture or phase of the business, the major part of investment can be the salaries of people to be hired. Trademark is a feasible source at AUS $200. Business insurance might be necessary for the businesses having an infrastructure for themselves and not the ones operating from home. As also an approximate fee of AUS $500 for acquiring an ABN and GST number.
Hence, a tentative saving of AUS $2000 can actually help in setting or kick-starting a new and small business. As also new entrepreneurs need to have sufficient market research about rivals or competitors and also of the fact whether their products and services shall work in the market.