Well according to the Wall Street Journal Australian economy improved in March, they actually said a “…bright spot for economy..” I certainly hope so. One of my kids is talking about having her own business, a cake & coffee shop.
Apparently, after doing a bit of internet surfing, in Australia setting up a business can be down in two days, which is fantastic from a business viewpoint but a little scary from a dads point of view! Mind you my daughter seems to be on the way to organising herself very well. We sat down last night and looked at her provincial plans. I must admit I was impressed, turns out she has been in touch with the Australian Government Business Site them and following their guidelines has come up with what seems to me a good business plan. I have been asked to find her an accountant to work with so putting some networking calls in to some old colleagues and see what recommendations come back.
Networking, the youngsters seem to think its is a term they invented, although with the internet it is so much easier and quicker to do so. There are networking clubs, degrees in networking and so on and so forth. Don’t get me wrong I think it is an essential tool in business, just seems to exploded and maybe some care should be taken in how much is shared. Just a thought, what do others think?
Well my daughter has connected with Women’s Network Australia and appears to be getting some pretty solid advice from them alongside some interesting training and article insights. I took a look at the site and found some interesting facts:
- Women own almost half of all home-based businesses and one-third of businesses operating from other locations.
- Women setting up business from home is the fastest growing sector of the Australian economy.
- Women make or influence 80% of all purchasing decisions.
94% of all Australian businesses have an annual turnover of less than $2 million.
- Women owned businesses have less external debt, are more profitable and profitable much earlier than those owned by men.
I especially like the last point! I have been asked to go with her to view some properties and give my opinion. I was rather worried about how my children would cope in the grown up world but I must admit I am impressed by what I have seen so far. It seems we are both learning and that is fine by me.