What is a sole trader business? Put simply, a self-employed individual who owns and operates their business. They are legally responsible for every aspect of the business, which includes losses and debts. Under the sole trader business structure in Australia, the individual can hire employees.
If you have never ventured into the world of business ownership before, you may be wondering how different it will be from being employed by someone else. We put together some details on how owning your own business can be a different experience from being
Tara Harrison had been thinking about starting her own travel business for four years. Then the pandemic hit. Former travel editor Tara Harrison sat on the idea of starting her own travel business for four years before COVID pushed her to take the leap. In
Indigenous-owned businesses not only contribute to the Australian economy, they play a major part in sustaining and sharing culture from their communities with the world. Lucky for us, buying from Australia’s rich variety of Indigenous-owned small businesses has never been easier. As the small business
Australia’s start-up scene is thriving. But you probably know that being a small business owner. At last count, there were 355,722 new business entities in Australia, in this ever-growing market. Want to know the secrets of how to become a successful entrepreneur? Here’s our step-by-step guide. 1.
The lives of many are largely set in stone from the very start. Study hard, get a job, work towards retirement, and enjoy your twilight years in comfort. In some ways the entire school system is built to drive people down this path. Then there
So you’ve decided to venture out on your own and start a business. First, congratulations on taking the plunge! Being in business for yourself has personal rewards above and beyond any monetary success you might achieve. There’s independence and autonomy — and knowing that every
Many people dream of starting their own business, and while taking the plunge can be challenging, it can also be worth it. In Australia, there are almost 2.5 million businesses registered and this figure is increasing by up to 2% every year. Whether it’s going out on
Think back to when you were just starting out as a small business owner… What help would you have loved? What advice would have made all the difference? What funding would have given you the kickstart you desperately needed? Well, COSBOA, supported by 89 Degrees
For those new to the game, the terminologies of business can be quite confusing. Part of the problem is that entrepreneurs need to become familiar with all aspects of their company, of which there are quite a few, meaning the business terms used are many