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The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

Starting a business in Australia

Australian Government | Business – business.gov.au
Setting up your own business can be an exciting time. Before you start, save yourself time and money by being aware of what's involved in running a business.
Investing time into proper planning is key to turning your dreams into reality. Operating a small business is not just about working for yourself or working from home, it's also about having the necessary management skills, industry expertise, technical skills, finance and of course a long-term vision to grow and succeed.

Starting your business checklist

Thinking of starting a business?

It's important to consider whether you really understand what's involved and whether you're suited to business and self employment. Start by asking yourself these questions:

Ready to start your business?

You don't need to pay someone to register your business, you can do it all yourself, online. Registering your business can be done from the comfort of your own home or office. Follow these steps when creating your business:
  1. choose your business structure
  2. apply for your Australian Business Number (ABN)
  3. register your business name and trade mark
  4. register your website domain name
  5. organise taxes for your business
  6. organise registrations and licences for your business
  7. register for an Australian Business Account to manage your licences and permits External Site
  8. buy or lease premises for your business
  9. arrange insurance for your business.
  10. Find out about selling products and services.

Where can I get advice and support to help get started?

There is a broad range of advice and support offered by the Australian Government that you can take advantage of.
  • There are a number of free or low cost advisory services available that provide advice and assistance to businesses across Australia. Search for your nearest government-funded business advisor in your local area using our Advisor Finder.
  • Find Mentoring services in your state or territory.
  • Check our Event Finder for seminars and workshops on how to start a business.
  • Watch our videos to find out about business.gov.au tools to help you start and grow your business. Certain industry associations and government agencies may be able to help - search our directory for contact details.
  • For more information, you can contact us by phoneweb chat or our online enquiry form.
important links:- 

for more details please visit: www.business.gov.au

Australian Government - Australian Trade Commission logo

INVEST IN AUSTRALIA

Invest in Australia
Australia offers significant opportunities for international businesses and welcomes foreign direct investment and foreign investors. Companies from around the world have made the decision to invest in Australia and benefit from Australia’s sophisticated infrastructure, skilled workforce and continued strong economic performance.
Australia can be the ideal investment destination for Indian organisations seeking international expansion to, secure access to natural resources - coal, gas and mineral and create assets - technologies, brands, etc. Australia offers a wide range of investment opportunities in agri-business, mining, ICT, tourism, clean energy, infrastructure, R&D, etc
For further information, please visit Invest in Australia or email ind@austrade.gov.au

Opportunities

The Australian Government welcomes foreign investment. As the Australian Government's investment promotion agency, Austrade works to inform investors about growth opportunities in five areas which play to our strengths, jointly agreed by Australian and State and Territory Governments:
  • Agribusiness and food
  • Major infrastructure
  • Tourism infrastructure
  • Resources and energy
  • Advanced manufacturing, services and technology
Within advanced manufacturing, services and technology, Austrade focuses on highlighting growth opportunities for investment in Australian medical and materials sciences and technologies, and digital technologies.

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