Ask questions. Get answers.

Each business is unique and your ways of doing business will vary from the next.

A good starting point would be to refer to the ACCC website on this topic and work backwards from that:

https://www.accc.gov.au/consumers/consumer-rights-...

Hannah, tell us what you've thought of already and we'll tell you what you're missing.

I've designed/consulted on many expo stands across several industries and have a basic laundry list of do's and don'ts, standard requirements and duties. To avoid boring you with the comprehensive list, tell us whether you feel confident going into this, and if not, what are your specific areas needing improvement.

For example:

• have you allowed for more than just yourself to man the stand?
• what is your "call to action" – the single thing you want stand visitors to do?
• have you scripted your elevator pitch?

The more info you can share about your current state of preparation, the more relevant the answers will be.

Hi, I would like to share a few tips for IT outsourcing
1. The first thing that you have to do is list all your business requirements and give complete information like what and all you are expecting from the company you are thinking to outsource
2. Evaluate the company 
3. Analyze their projects
4. Analyze their experience
5. Check the reviews
6. Don't just outsource your project to any company because they offer services at low price. 
7. Look for the quality services
8. look for the one who is ready to provide support and maintenance post completion of the projects

Here is a list of IT outsourcing companies that you can prefer for
1. Fortunesoft  IT Innovations (https://www.fortunesoftit.com/au/)
2. Soluzione IT Services
3. Beyond Analysis

This is a great question but one that is hard to answer without context. For example, here in the United States, I believe one of the most important industries that needs flipped is healthcare, specifically the standardizing the cost of identical medical procedures from one city to the next and affordable medications.

However, in underdeveloped countries, there needs to be a better answer for the largely unbanked masses. I'm not saying more banks are the answer, but a way for them to easy store and access said money, whether it is a digital coin, through SMS messaging or some yet undeveloped technology.

Would love to hear your thoughts on this @Meng Lin 

When you consider that a huge percentage of new businesses fail within the first couple of years, with many failing in their first year, it is not surprising that the owners don't have a good income.

On top of that, most startups rely on external money being injected into the business. This money is typically from the owner. It doesn't make sense to pull an income from a business (and pay tax on it) when you are pooring your own money into it.

And then when times are tough, suppliers and employees still need to be paid. Not paying them is a quick path to being shut down. The only person who is desperate enough not to be paid is the business owner.

Tax minimisation for the owner is handy for a short while, but then catches up to you when they want a bank loan. A "successful" business owner will have a reasonable level of income.

Of course there are cash in hand businesses, and tax minimsation going on, but overall the article reflects that most small businesses struggle.

Anyone thinking of starting a business would do well to read the article and know the failure rate statistics for new businesses before they start. 

As Bruce Patten mentioned, the Australian Federal government provides a wide range of grants and financial incentives. They’re mostly designed to ‘enhance business productivity and competitiveness’ and can be in the form of matched funding, access to professional services and tax incentives. 

Your eligibility and the programs most relevant for you depend on the type of business you have, and why you need funding. 

The government’s flagship program is the Entrepreneurs’ Program and is a comprehensive offering (beyond just funding). It could be a great option if it’s relevant for you.

For exporters, there’s the Export Market Development Grant (EMDG). It can reimburse up to 50% of eligible export promotion expenses up to $150k - there’s a lot involved in this grant though.

We have a blog post about some of the different options - but this is only scratching the surface! I’d be happy to help you out if you’re looking for some more specific guidance.