How to start your small business in Australia

This week's Australia Explained focuses on how to start your own small business in Australia. Credit: MoMo Productions/Getty Images

Starting a business in Australia has several advantages. These include support for innovation, entrepreneurship, and small business growth through infrastructure, a skilled workforce, government initiatives, grants, funding, and tax incentives.

A business can be operated as a sole trader, company, or partnership.
You won't need to register for GST until you hit $70,000 in revenue.
Australia provides various financing options to aspiring entrepreneurs, which include grants, loans, and private investors.