Startup Businesses

Its possible that you may have never heard of a startup business before, so heres just a quick overview of what they are all about. Startups are happening all across Australia every day. For every business that’s going under, there is always a willing entrepreneur starting a new business from a home, a garage, a workshop or even out of the back of a car. Startups are a low cost alternative to buying an existing business, they are cheaper with a lot less up front risk, they are well suited to the cash poor, time rich individuals, or to those who are looking to do something that’s a little out of the box. Startups have a great success rate, though they can take a little longer to get going than an established business, but because the overheads are usually lower and debt is less they have a greater chance of long term survival in difficult economic times. Startups are suitable for any type of business and are really about doing the legwork to get the clients/customers that you would be paying for when purchasing an established business. They are not for everyone but for those entrepreneurs who are confident, and willing to get out and talk to people about what their business has to offer the marketplace, they are ideal. They are easy to build up and sell on at a later date or a lot of people over the years have taken their original startup business and franchised it with great success. Ongoing costs are minimised with a startup as most franchises take around 15% of your weekly turnover which can amount to some very large sums of money when your business becomes successful. Jims is a great example of this type of franchise they have branched out from their cleaning model into every area of home services over the years with great success.