Starting a business is a possible career pathway after you leave school. You don’t need to have a degree or have any formal experience to start a business. All you need is to have an idea.
A business idea may come from the things that inspire you. What motivates you to work hard? What are you passionate about? It’s important to do something you like, since it will help you work harder to make it a success.
Starting your own business can be the most challenging, rewarding and wonderful experience you will ever undertake. It also involves a lot of hard work, long hours and financial risk. So how do you know if running your own business is the right career direction for you?
There are a lot of services and assistance to help young people who are thinking about starting their own businesses.
The Australian Government’s Business.gov.au website is your one stop for resources on how to start a business including information on:
- registering a business
- support for your business.
The SelfStart website provides a wealth of resources and case studies specifically for helping young people start new businesses.
The New Enterprise Incentive Scheme (NEIS)
The New Enterprise Incentive Scheme (NEIS) government initiative helps eligible unemployed people aged 18 years and over to start and run their own businesses. Under NEIS, jobseekers receive accredited small business training, business advice and mentoring, as well as ongoing income support for up to 39 weeks.
The Foundation for Young Australians (FYA)
The Foundation for Young Australians (FYA) is a not-for-profit organisation is committed to developing innovative initiatives that support 12-to-25-year-olds.