If you are considering venturing out on your own and launching a company, Australia is an excellent location to do so. You can join the ranks of the many successful small businesses in Australia by engaging in some careful planning and putting in a lot of effort. In this article, we'll take a look at some of the most successful small businesses in Australia, as well as the factors that contribute to those businesses' overall levels of success. In addition to that, we will offer you some advice on how you might initiate your own humble enterprise in the land down under. Continue reading if you think you're ready to jump into the deep end!
Small enterprises are a feature of the economies of all nations, and Australia is no different. Therefore, if you are considering venturing Down Under and launching your own company, it is in your best interest to educate yourself on the many types of small businesses that are prevalent in Australia. You will then be able to begin your road towards being an entrepreneur by selecting the kind of business that is going to be most successful for you. So, without further ado, let's have a look at some of the small businesses that are the most common in Australia.
The Small Business Nation: Australia
Small businesses have traditionally been the backbone of the Australian economy and workforce, and Australia has always been known as an entrepreneurial nation. These most recent business data provide a striking illustration of the independent and resourceful nature of the Australian people, as well as their willingness to give new endeavours a shot.
Eighty-eight percent of all enterprises in Australia employ little more than four workers.
However, due to the challenging economic climate and the competitive environment in which small firms must compete, just around half of newly established businesses (54%) are still in business after four years of operation. The desire of starting a business is still held by a large number of people in Australia; however, as the low survival rate of new companies demonstrates, only a small percentage will be successful in the absence of improved support.
Small Businesses Continue to Rule
99.8 percent of all firms in Australia are regarded to be small or medium enterprises, indicating that small businesses continue to play a significant role in the nation's economy. Sixty-two percent of firms do not have any employees, and 98 percent of all companies in Australia have fewer than 20 workers on their payroll.
71% of all firms that hire people have between one and four workers on staff, making this employee count range the most typical for companies that hire people.
Businesses are moving away from all employing size categories (1-4, 5-19, 20-199 and 200+) and towards the non-employing category, which is the only category to experience an increase in 2017-18 (up 5%). This movement can be attributed to the fact that the non-employing category is the only category to experience an increase.
Conditions Are Hard, And Nearly Half Of New Businesses Fail
As further evidence that the current economic climate is unfavourable for business, nearly half of all new companies that were established four years ago are no longer in operation. One in three of the more than 2 million enterprises that were functioning in Australia four years ago are no longer in operation, with established businesses having a greater likelihood of survival than new businesses. The longer a company has been around, the better its prospects are of making it through the current economic climate.
State V State
All of the States and Territories have seen an increase in the number of businesses, however New South Wales and Victoria have the highest, with a combined total of approximately two-thirds (783,050) of all firms. Victoria saw the most rapid annual increase, with 27,353 new firms opening their doors.
Because the Territory has the greatest admission rates (18%) but also the highest exit rates (13%), businesses in the ACT are experiencing the revolving door effect. This is because the Territory has the highest entry rates (18%) but also the highest exit rates (13%). Despite this, the growth rate in the ACT is the second highest in the country, behind only Victoria. On the opposite end of the spectrum is Tasmania, which has one of the lowest entry (12%) and exit (10%) rates.
Australia's Most Popular Small Business
In Australia, small businesses and enterprises owned by families account for around 98% of the total number of firms in the country. These make up 35% of the country's overall gross domestic product and account for 44% of the total workforce in the country. When you stop and consider it, that's quite a bit.
If you've been mulling over the possibility of launching a new venture but aren't quite sure where to start, Australia is without a doubt the best country in the world in which to do it. Not to mention all of the advantages that come with being the owner of your own company.
Working on a project that you are enthusiastic about with coworkers that you take pleasure in collaborating with gives you the opportunity to shape your own future and strike the ideal balance between your professional and personal lives. The operation of a business will stretch and develop you in ways that you could never have imagined were possible.
The feeling of accomplishment that comes from exceeding your own expectations and making a genuine contribution to the betterment of your community is arguably the most rewarding aspect of it all. If you are thinking, "That sounds wonderful, and all, but I have no idea what business I should start!" right now, let me assure you that you are not alone. You have arrived at the right destination for that purpose.
Agriculture, fishing, and forestry are Australia's three most popular small businesses
Farming activities such as beef and dairy cattle production, beekeeping, egg farming, cotton growing, and nursery production are some of the most common and successful small companies in this area. In this industry, the contribution of small enterprises to the overall GDP accounts for 75% of the total.
Services for Real Estate, Hiring, and Renting
Property management, real estate sales and brokerage, vehicle, truck, and heavy equipment rentals, as well as furniture and appliance rentals, are some examples of successful small enterprises that fall under this category. This particular sector is responsible for 74% of the industry's overall GDP contribution.
Construction
Common examples of small businesses that fall into this category include those that provide heating and air conditioning services, carpentry services, concrete work, painting and decorating services, landscaping services, metal cladding services, waterproofing services, scaffolding, and tiling and carpeting services.
You might also give some thought to beginning an insulation firm or a construction company that serves both residential and commercial clients. The whole GDP of this industry is contributed by the industry's small firms at a rate of 57%.
Technical, Scientific and Professional Services
Accounting, advertising, legal services, photography, market research, statistics, engineering, and management consulting services are some of the most common and successful small enterprises in this category. In this industry, the contribution of small businesses to the overall GDP accounts for 46% of the industry.
Services for Meals and Accommodations
Popular small businesses in this category include those that provide catering, fast food and takeaway services, restaurants, social clubs, bars, pubs, nightclubs, motels, serviced apartments, and vacation homes. Other popular small businesses in this category include social clubs, bars, pubs, and nightclubs. In this industry, the GDP of the industry as a whole is contributed by small enterprises at a rate of 38 percent.
Social Assistance and Private Health Care
Ambulance services, dentistry services, physiotherapy services, general practise medical services, childcare services, personal welfare services, and elderly care services are some examples of frequent small enterprises that fall under this category. The whole gross domestic product of this industry is contributed to by small businesses to the extent of 38 percent.
Retail Trade
Convenience stores, grocery stores and supermarkets, convenience stores, retailing of fuel, motor vehicle dealers, and retailing of motor vehicle parts and tyres are some of the most common and successful small businesses in this category in Australia. Other examples include cake and bread bakery shops.
Retail outlets that sell newspapers and books, as well as pharmacies, home appliances, furniture, and gardening supplies, are other excellent choices to take into consideration. When it comes to the industry's total GDP, a firm structure in this sector is responsible for 28% of it.
Services for Business Support and Administration
Credit agencies, call centre operations, debt collection, travel and tour agencies, recruiting and employment placement services, packaging, pest control, and commercial cleaning services are some of the prominent small businesses that fall under this category. In this industry, the contribution of small enterprises to the overall GDP accounts for 27% of the industry.
Postal, Warehousing, and Transportation Services
Taxi and limousine services, road freight transport, customs agency services, general warehouse and cold storage, and courier pickup and delivery services are all examples of common small enterprises that fall under this category. The whole GDP of this industry is accounted for by the contributions of small firms 26% of the time.
Private Public Administration and Safety
Private investigation and security services are two of the most common and successful examples of successful small enterprises in this sector. The overall GDP of this industry is contributed by the sector's small firms at a rate of 26%.
Wholesale Trade Services
Wholesalers of pre-packaged foods, cereal and grains, hardware and building materials, tobacco, alcoholic beverages, and soft drinks are some of the most successful companies in this area. The overall GDP of this industry is fueled in part by the contributions of the industry's small enterprises, which account for 24% of the total.
Art, Entertainment, and Recreation
Art galleries, gyms, fitness centres, sports and recreation facilities, and botanical gardens are examples of typical small enterprises that fall under this category. This particular sector is responsible for 21% of the industry's entire GDP contribution.
Manufacturing
Manufacturing enterprises that fall into this category include those that produce cosmetics, fragrances, and other toiletries; soap and cleaning compounds; fertiliser and pesticides; and cleaning compounds.
You may also take into consideration the production of beer, fruit juice, bottled water, chocolate and confectionary goods, as well as jewellery. This sector is responsible for 20% of the entire GDP generated by the industry.
Private Training and Education
Services that provide career and technical training, preschool education, and art and non-vocational education are examples of successful small enterprises that fall under this category. These make up 18% of the overall GDP contributed by the sector.
Services for Information, Media, and Telecommunications
Internet publishing, book publishing, music recording and publishing, video creation, online hosting, and data processing services are some examples of the common types of enterprises that fall under this category. These make up 13% of the total GDP generated by the industry as a whole.
Mining
Quarrying, mining for metal ores, and providing support services for oil and mineral exploration are some of the most common and successful small enterprises in this area. These provide ten percent of the industry's total gross domestic product.
Waste Management Services
The collection and treatment of solid and liquid waste, as well as disposal of this type of trash, are among the most common and successful small enterprises in this area. These provide nine percent of the industry's total gross domestic product.
Finance and Insurance
Financial planning and investment services, investment banking and securities brokerage, fund management, and money market dealership services are some of the most popular types of small enterprises that fall under this category.
Personal Services
Babysitting, hairstyling and other beauty services, laundry and dry cleaning, services provided by funeral directors and crematoriums, parking, religion, and weight loss services are some examples of popular small companies that fall into this category.
Repair and Maintenance
Repair shops for apparel and footwear, residential appliances, automobiles and heavy machinery, and other types of heavy machinery are examples of popular small companies in this area.
Online Retail
Common examples of small enterprises that fall into this category include websites that sell things like kitchen and dining ware, baby supplies, automobile classifieds, daily bargains, and automotive parts and accessories.
The stores that sell apparel and footwear for men and women, as well as minor electrical equipment, travel booking services, handbags, and pieces of luggage, are also a popular choice.
Life Sciences
Life coaching services, fertility clinics, eating disorder clinics, fertility clinics, health and wellness spas, and drug and alcohol rehabilitation centres are some examples of the types of small enterprises that fall under this category.
Australian Small Business Revolutionaries
Good Beer Company
The Good Beer Co. is the first social enterprise beer company in Australia. Its mission is to sell beer in order to generate revenue for charitable organisations and donate at least half of its profits to these causes. One of these charities is the Australian Marine Conservation Society, which works to preserve the Great Barrier Reef.
James Grugeon, the company's founder, has more than 20 years of experience in corporate and social responsibility, media and communications, government relations, business development, environmentally responsible leadership, and large businesses, as well as start-ups. His background includes working for social enterprises, large businesses, and start-ups. As the Chief Executive Officer of one of the oldest environmental organisations in the UK.
James, an avid beer drinker and activist at heart, founded The Delicious Beer Co. because he wants to make it simple for people to enjoy good beer and contribute to charitable causes at the same time.
Wash Away Poverty
Wash Away Poverty is a line of organic body care products that helps fund WaterAid projects in areas of the world that are still struggling to get clean drinking water and promotes the preservation of our planet.
The company's founder, Emily-Rose, has the strong conviction that everyone should have access to clean water. As a result, she donates fifty percent of all revenues to the organisations Water Aid and Carbon Neutral.
Seljak Brand
Offcuts from the manufacturing floor of Australia's oldest mill in Tasmania are used in the production of recycled wool blankets by the Seljak Brand. This company was founded on the premise of sustainability, and its blankets are constructed with 70% recycled merino wool and 30% recycled alpaca, mohair, and polyester blended together for added strength. Wool is a natural fibre that is very difficult to imitate since it is a renewable resource, it does not absorb odours or stains, it is antibacterial, it is lightweight, breathable, and insulating, and it is resistant to bacteria.
Sendle is a delivery service that doesn't produce any carbon dioxide, so they won't add any to the atmosphere when they pick up the blanket after it's had a long and eventful life. The material is subsequently shredded at the mill before being re-spun into new yarn for use in the production of future blankets.
Through the usage of this circular approach, they are able to prevent garbage from being sent to landfills while simultaneously producing a lovely and practical blanket for your comfort.
BE
BE. Bangles is more than just a brand of bangles with inspirational phrases printed on them in a unique font.
BE. is proud to support One Girl, an incredible organisation with the goal of educating one million African females.
Through our work with One Girl, we are able to provide educational opportunities to young women in Uganda and Sierra Leone. One day of schooling can be provided for a child in one of the world's most impoverished nations thanks to the sale of just one bangle. Why? Because to what you may have been led to believe, each and every one of us possesses the ability to effect positive change in the world.
Spud Sponge
Spud Sponge is not only working to clean faces with their natural and biodegradable products, but they are also fighting to cure a far dirtier international issue, which is human trafficking and slavery. Spud Sponge is committed to ending both of these atrocities.
"Every member of the Spud Sponge team has a profound need to watch out for the well-being of the people in our globe. Those who are born into circumstances of hardship, poverty, and injustice.
The company's founder, Rachel Cooper, gives one dollar from the sale of each sponge to charitable organisations such as Freedom Hub, A21, and Destiny Rescue.
Kester Black
Anna Ross launched Kester Black in 2009, and the company designs and manufactures cosmetics and skincare products that adhere to ethical and environmentally responsible standards. Our goods were the first in the world to get a comprehensive set of accreditations, including those from the Vegan Society, the Choose Cruelty-Free organisation, the International Cruelty-Free Association, Australian Made, and B Corporation.
By creating stunning, high-quality goods that also have a beneficial effect on society and the environment, it is our mission to revolutionise the way the cosmetics industry views what constitutes ethically sound business practises.
A formal promise has been made by Kester Black to donate 2% of earnings, including donations in kind, to registered charities every year. These organisations include Animals Asia, Bush Heritage Australia, Water Aid, and the Asylum Seeker Resource Centre.
Socielle
Socielle finds artisans from all over the world who create goods that are handmade, ethical, environmentally friendly, and socially responsible and brings them together in one place so that customers may shop with the intention of making the world a better place. You are given the opportunity to select the charity that will receive 10% of the company's total sales (excluding shipping costs) when you make a purchase. This gives you the opportunity to help alleviate issues such as poverty, homelessness, female refugees, children with disabilities, and animal rights, all with just one purchase.
"We are dedicated to providing our community with exquisite lifestyle and fashion items, as well as presents, that have been manufactured in a way that is conscious of the environment. Every transaction has the power to improve people's lives by providing funds to our charity partners.
Who Gives A Crap
When Simon, Jehan, and Danny found out that 2.3 billion people around the world did not have access to a toilet in 2012, they decided to form the organisation Who Gives A Crap (WGAC).
They began manufacturing toilet paper with the intention of donating fifty percent of their profits to aid in the construction of toilets and the improvement of sanitation in less developed countries.
"Even though we are still expanding and now make more than just toilet paper, we always aim to stay true to our roots, which are toilet humour and making the world a better place," the company stated.
Elkie & Ark
This brand-new company didn't even begin operations until the latter half of 2016, but it has already made a significant contribution.
Through the establishment of an Australian-based luxury, bed-linen, and homewares firm, founder Anne Foster is having a constructive effect on the quality standards of the textile industry. She is moving sustainable and ethical practises out of their traditional niches and highlighting the necessity of following trends constantly, overconsuming, and wasting resources.
All Elkie & Ark products are selected by hand and sewed using cotton that is both 100% certified to the Global Organic Textile Standard and Fairtrade cotton. Additionally, all Elkie & Ark products are made in factories that are certified to adhere to fair trade practises. As a consequence of this, it is possible to track every product back to its origin—the farm—and not just to determine where it was "produced," but also where it was spun, woven, or grown.
Tsuno
Tsuno is a social venture that sells sanitary pads made from bamboo fibre that are disposable and environmentally friendly.
Half of the company's profits are given to organisations that help disadvantaged women in some way, with the primary emphasis being on educational and menstruation support services. Tsuno now has a partnership in place with the organisation One Girl, which gives educational scholarships and sanitary pads to underprivileged girls in the countries of Sierra Leone and Uganda. In addition, they are pleased to announce that they have already contributed funding to The International Women's Development Agency, Share the Dignity, The Asylum Seekers Resource Centre, and Essentials for Women South Australia, and that they will continue to do so in the future.
