Small Business Guide for Australia
Starting and running a small business in Australia doesn’t have to be overwhelming. This comprehensive guide covers everything you need to know about launching, operating, and growing your business in Australia.
Quick Start Guide
New to business? Start here:
- Getting Started - From idea to first sale in 90 days
- Government Support - Free money, training, and mentorship programs
- Legal & Compliance - Stay on the right side of the law
- Operations & Growth - Scale your business sustainably
Why This Guide Exists
Australia has 2.73 million active businesses, with 436,018 new businesses starting each year. However, nearly 20% fail within 12 months and 60% don’t survive 3 years.
The businesses that succeed aren’t necessarily the ones with the best ideas - they’re the ones that:
- Validate their concept properly
- Access available government support
- Understand their legal obligations
- Plan for sustainable growth
This guide gives you the roadmap to join the successful 40%.
What Makes This Guide Different
Real Australian Focus: Everything here is specific to Australian laws, programs, and market conditions. No generic advice from overseas.
Government-First Approach: We’ll show you how to access the $2.8 billion in annual government support for small businesses - money that most entrepreneurs don’t even know exists.
Actionable Steps: Every section includes specific actions you can take today, this week, and this month.
Human Language: No jargon or consultant-speak. Just plain English explanations of complex topics.
Our Guides
🚀 Getting Started
Learn how to turn your idea into a viable business concept, create a simple business plan, and make your first sale. Read the Getting Started Guide →
💰 Government Support
Discover the Self-Employment Assistance program (the new NEIS), grants, subsidies, and other government support available to Australian small businesses. Explore Government Support →
⚖️ Legal & Compliance
Navigate ABN registration, business name registration, tax obligations, workplace laws, and other legal requirements. Learn About Compliance →
📈 Business Operations
Master the day-to-day running of your business, from accounting and marketing to hiring staff and scaling operations. Optimize Your Operations →
Quick Facts About Small Business in Australia
- 97.2% of all Australian businesses are small businesses (fewer than 20 employees)
- Small businesses employ 5.1 million Australians (68% of private sector employment)
- The average small business contributes $540,000 to the economy annually
- 76% of small businesses are sole trader operations
- Industries with highest success rates: Professional services, healthcare, education
Success Stories
Josh Shand went from living in a rooftop tent to running a successful lawn care business through the Self-Employment Assistance program in 2024.
Sarah Chen started her online tutoring business with a $50,000 NSW MVP Ventures grant and now employs 12 people across Sydney.
Michael Torres used the R&D Tax Incentive to fund development of his construction app, receiving $85,000 in tax credits in his second year.
Free Resources
- Business Name Checker - See if your desired business name is available
- ABN Lookup Tool - Verify existing business registrations
- Grant Finder - Discover government funding opportunities
- Compliance Checklist - Ensure you meet all legal requirements
Getting Help
Government Resources
- business.gov.au - Official government business portal
- Australian Taxation Office - Tax obligations and support
- Australian Securities and Investments Commission (ASIC) - Business registration
Professional Support
- Accountants - Tax planning and compliance
- Business Advisors - Strategic planning and growth
- Lawyers - Legal structure and contract advice
- Industry Associations - Networking and advocacy
FAQs
How much does it cost to start a business in Australia?
The minimum cost is just the ABN registration fee (free) and any business name registration ($37 per year). However, most businesses need $2,000-$10,000 for equipment, initial marketing, and working capital.
Do I need an accountant?
Not legally required, but highly recommended once you’re earning over $30,000 annually. A good accountant will save you more in tax optimization than they cost in fees.
What’s the difference between a sole trader and a company?
Sole trader: Simple, cheap, but you’re personally liable for debts. Company: More complex and expensive to set up, but provides legal protection and tax benefits as you grow.
How long does it take to register a business?
ABN registration: 15 minutes online. Business name registration: Instant if available. Company registration: 1-2 business days with ASIC.
Can I run a business from home?
Yes, but check your local council regulations for any restrictions. Some activities may require permits or may be prohibited in residential areas.
This guide is maintained by OzSparkHub and updated regularly to reflect the latest Australian business requirements and opportunities. Last updated: September 2025.
Next Steps
Ready to start your small business journey? Begin with our Getting Started Guide to turn your idea into reality.
Have questions? Browse our Community Help section or explore our calculators and tools for practical assistance.