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How to start a business in 2025 – Part 2

In this Australian Business Podcast episode, learn how to start a business in Australia in 2025.

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About this episode

Okay, so you have a business idea? Great! Now it’s time to build a solid foundation that can withstand the test of time. 

In this episode, we dive deep into the essential elements of setting up your business for success in Australia. Managing cash flow is one of the top reasons over 60% of Australian businesses fail in their first 5 years. 

Co-hosts Zara McGuffie and Jordan Kidis discuss the common pitfalls to avoid when choosing a business structure, the best funding options for early-stage businesses, and some of their own mistakes. 

Topics covered today:

  1. Choosing the right legal structure
  2. ABNs, registrations, licenses and permits
  3. How to manage cash flow and funding 
  4. Navigate supplier choices, inventory management, and order processing

Episode resources

Resources mentioned in this episode:

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📈 Free online business community – Inflection 

Zara, Owen, Jordan and Danil are proud to invite you to join our free online business owners community. Filled with videos, PDF downloads, daily discussion and more, you can join now for free to unlock episode resources and goodies. Click here to join us online.

✅ Grey Space Advisory – snag a $100 health check

Do you get stuck worrying about your business’ finances? Or what needs to be paid to ATO, employees, Super funds and so on? The Australian Business Podcast is proud to announce that our sponsor, Grey Space Advisory, is offering all business owners a financial health check.

Jordan and Danil’s expert team of accountants will conduct a review of your tax structure, bank setup, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! You can book a $99 health check with the Grey Space Advisory team and tell them Owen sent you.

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The Australian Business Podcast’s official sponsor is Rask, our very own company. We empower hundreds of thousands of investors around Australia, whether you’re new or have been investing for 40 years. You can take an investing course on Rask Education to discover how Owen carefully researches small or blue chip companies, or become a premium Rask member today to speak directly with Owen and see what he is investing in.

As Warren Buffett famously said, “I am a better investor because I am a businessman, and a better businessman because I am no investor.” 

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