Melbourne is the start-up capital of Australia – 83 per cent of all businesses in the City of Melbourne are small businesses. To take an idea and turn it into a business can be an exciting but often anxious time. The good news is that there is plenty of assistance out there, particularly at various levels of government.
The first step to take before you establish a new business is to research: you must determine whether there is a gap in the market for your idea, you need to back up your hopes and dreams with concrete data in a business plan that you can show to banks and investors and you’ll need numbers to work out what sort of turnover you can expect.
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.
You can also gain an understanding of how Melbourne fits in with the rest of Australia by looking at the Australian Bureau of Statistics.
Research by sector
Census of Land Use and Employment (CLUE)
CLUE is the most comprehensive source of industry, employment and land use information about the central city and surrounding areas. It is a unique and valuable research and decision-making tool for businesses, educational institutions, students and prospective investors.
For more information visit CLUE.
External resources