Starting an Aussie SME? 4 Reasons Melbourne is a Business Hotspot

Australia was the world’s 13th-largest economy in 2017 according to IMF estimates and it hasn’t suffered a recession for over a quarter of a century.

If you’re flexing your entrepreneurial muscles Down Under, Sydney’s a popular choice, but don’t dismiss Melbourne too swiftly — the state capital of Victoria punches well above its weight.

So when you’re looking for the right location for your Aussie SME, here are four reasons Melbourne’s a business hotspot.

1. Government support

The Australian government isn’t resting on its laurels in terms of supporting startup businesses.

Their government’s Research and Development Tax Incentive offers a refundable tax incentive for eligible enterprises with a turnover of less than AUS$20 million — this should take the financial sting out of developing prototypes and testing market demand.…

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How Can SMEs Thrive During and After Brexit?

Brexit has been one of the most important news items of the past 12 months, and whether you were for or against leaving the EU when the vote was held, chances are that as a business owner you have some concerns about how it will affect you.

Brexit

There has always been a saying in business however that every crisis brings with it its own opportunities – so can you really stand to benefit from the current volatility caused by the Brexit situation?

1. Leaving the Single Market

It remains to be seen how leaving the single market will affect different industries, but since Theresa May announced that that was the intention Britain would be going with – rather than trying to negotiate a deal where Britain left the EU but remained in the market – the pound has rallied somewhat.…

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