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April 14, 2005

Starting A Small Business - Success Down Under

In the USA there's Small Business Administration. In the UK there's the Princes Trust and in Australia there's Innovation.gov.au. Although these providers vary in the type of resources and services they provide to small businesses they all have one thing in common; they help turn small business ideas into real businesses for young entrepreneurs.

Young Australians have turned creative ideas into thriving businesses. In Australia ("Down Under"), young entrepreneurs are directed to embrace the Internet to see what big organisations can do for them. This advice has paid off for many budding entrepreneurs with diverse ideas ranging from biscuit making to film making.

A case study featured on the site is Cindy Lukin who started a successful biscuit business. Another success story is Greg MCLean who has being a film maker since 1992 when he entered "Nestcafé Big Break" competition and won $20,000. This has enabled him to continue making films which culminated in his film, Wolf Creek, which was featured at the "Sundance Film Festival" in the USA earier this year.

Approximately 150,000 Australian small business entrepreneurs are under 30 years of age, which reflects the entrepreneurial spirit of youth.

Like entrepreneurs everywhere, starting a small business is seen as the way to realize their dreams.

Innovation.gov.au provides useful information and ideas for all small business entrepreneurs whether you live in USA or UK. The site has useful information on:

How to take a brilliant idea and develop it commercially
How to write a business plan
Case studies about successful small businesses

As remarked by Cindy Luken "I believe there are three main messages for young entrepreneurs starting a small business:

Vision; have a vision of what you want to achieve.
Passion; have passion for what you want to do.
Get started.

Great advise!

David
Small business resource

Posted by David at April 14, 2005 9:14 AM

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