To take an idea and turn it into a business can be an exciting but often anxious time. You need to create a business plan with concrete data, ensure you have all required permits, and register your business with the proper authorities. The good news is that there is plenty of assistance out there, particularly at various levels of government.
Research your business
The City of Melbourne can provide you with facts and figures regarding how many other businesses already exist in your sector, the type and number of people who live in each suburb and many more detailed statistics. For more information view the City of Melbourne Economic Profile.
You can also gain an understanding of how Melbourne fits in with the rest of Australia by looking at the Australian Bureau of Statistics data.