Business Advice Gold Coast

Australia’s most famous real estate zone and premier tourist destination, the Gold Coast is a perfect location to establish a new business. Don’t arrive expecting the streets to be literally paved with gold, however. It is just as possible for an unprepared start-up to fail on the Gold Coast as anywhere else.

Local intelligence is a key factor in planning any business. Who is your competition? Where are the markets for what you want to sell? What is the demand situation? And so on. Your best source of answers to all these questions and many more is Quill.

Our team of expert business analysts can help you get your start-up business launched properly, providing the information you need for effective business planning. If you need to fund your business with third party financing, you won’t get far without an effective business plan.

Your business plan is just a document, however. It’s not the most essential element in running a successful business. Having access to an business advisor who can help you navigate the complexity of planning, setting up, and running your business is an asset of incalculable value. You will find Quill to be just such an asset to your future enterprise.

Reasons to Start Your Business on the Gold Coast

Australia is blessed with an abundance of excellent metropolitan centres, so you may be wondering what makes the Gold Coast stand out as the best choice. Here are a few reasons:

• A beautiful place to live. The Gold Coast is most famous for perfect weather, fabulous beaches, and amazing natural scenery. There is a thriving nightlife and entertainment industry, loads of theme parks and other attractions, quality education providers, top class hospitals, and plenty of affordable luxury housing.
• Low cost of living. Compared to other Australian states, Queensland has lower taxes, lower energy and fuel costs, lower grocery costs, lower housing costs, and more.
• Low cost of business. The flip side of Queensland’s lower cost of living is that salary expectations tend to be lower as well. In general, it is cheaper to employ workers in Queensland than it is for the same jobs in Victoria, New South Wales, and Western Australia. Costs for transport, fuel, and other important business inputs are also typically lower than other states.
• Massive economy. The Gold Coast is quite different from the typical major Australian metropolitan area. As a premier tourist destination, there are constantly arriving throngs of people all-too-eager to unload their wallets in local business establishments. Additionally the Gold Coast is also a premier retirement destination, where many Australians head to enjoy their superannuation payouts with a lower cost of living and better standard of living.

The potential for making money in business on the Gold Coast is huge, but of course you must follow all the same rules that any business would follow to ensure you don’t join the ranks of failed businesses. With so many Australian businesses failing in their first year, it pays to seek quality advice before taking the plunge.

Challenges to Doing Business on the Gold Coast

Being successful on the Gold Coast is actually more likely than unlikely, especially if you plan well and proceed appropriately. The list of challenges is surprisingly short, and here it is:

• Massive competition. So you’ve had a great business idea and you’re all set to get started. One thing you ought to consider is that there’s a really good chance that a lot of other people have had a very similar idea to your own, and they’re already established here. You’ll have to bring some original angle to the market and invest tremendous energy in getting your business up and running.
• Life on the Gold Coast is too good. Sure, that sounds like a positive thing. But it can take a lot of willpower to go into work each day when there are so many indulgences calling to you. They don’t call it “paradise” for nothing, you know.

The best way to get your business of to a good start and keep it running at maximum potential is to seek help from the experts at Quill. We can also provide you with business support services such as accounting, auditing, technology services, and other things.

To get things started, contact Quill and talk with one of our expert business consultants today.

Whether it’s individual or commercial tax needs, financial advice or strategies to grow your business, the Quill Group has you covered!

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