Australian entrepreneurial immigrants, which is better, self-built business or buying business?

Buying ready-made business saves time and effort and does not need to cultivate the market.

For new immigrants, they are unfamiliar with the Australian market and environment when they land in Australia for the first time. It can be said that buying a ready-made business is the simplest way of business investment. The shops, commodities, purchase channels and leases of the original business are all purchased together, and the customers are stable. There is no need to cultivate the consumer market, contact suppliers everywhere, and conduct complicated tax registration. As soon as the transfer is completed, you can start business!

This time-saving and labor-saving way of starting a business is ideal, with low risk, but it costs a lot, and the transfer fee is generally more expensive!

Before buying an enterprise, it is necessary to observe its geographical location and user base, and whether the competition among peers is fierce. It's a good idea to build your business in a shopping mall with a large flow of people, or in an area with inconvenient transportation but relatively rich residents. And before buying, it is best to ask an accountant to check the information provided by the original business owner to see if there is a suitable profit, and also ask a lawyer to give you advice and go through the purchase procedures to avoid leaving a lot of trouble after buying the business.

Start your own business, save money and have a strong sense of accomplishment.

Starting your own business is much cheaper than buying a business, and being familiar with the whole process from beginning to end is conducive to starting your own business again in the future. In addition, if people care about their sense of self-achievement, it is especially suitable for starting their own businesses. From site selection, market research, sourcing, company registration, etc. Every link is very challenging. If they succeed in starting a business, this sense of accomplishment is indescribable!

Location and customer source are the two most critical factors in establishing business. If there are already many similar goods nearby, try not to repeat business unless it is in a densely populated area. In addition, before renting a storefront, be sure to find out whether the local government allows you to build the business you want at the planned location.

In fact, no matter what kind of entrepreneurship, there are advantages and disadvantages, and perfect things basically do not exist. New immigrants can choose their own way according to their own economic situation and personality. If you are a person who is afraid of trouble and triviality and have abundant funds, the buyer is more suitable for you; If the budget is limited, but you have patience and perseverance, starting your own business is a good choice.