These days, simply turning on the news can feel like courting with bad luck. With so much upheaval occurring across the globe, finding suitable places to settle or relocate a business has become much harder. Entrepreneurs are turning away from the two cities that have, traditionally, been the focus – London and New York.
They are on the hunt for locations that still offer a certain degree of optimism and belief in flexible business models. They are looking for cities that embrace innovation and provide lots of support to grassroots ventures. They want to build their empires in a country that knows that success is shared. If business thrives, so too does the economy.
According to mega-mogul, Richard Branson, Sydney is a location that embodies all of these things. It has a strong startup culture, a friendly approach to business, and a high standard of living. This makes it ideal for entrepreneurs looking for the perfect base to settle in.
This guide to making the most out of the booming business scene in Sydney, Australia will help you decide if it is the right choice for you.
Is It Easy To Find A Great Office Location In Sydney?
Sydney is a global leader when it comes to the availability of high quality, flexible office leases. Servcorp Australia, for example, operates no fewer than eleven different serviced and virtual office locations in Sydney alone. It offers scores more throughout the major Australian cities. Virtual and serviced offices are ideal for companies that are trying to expand into the Australian market, as they can be accessed as fully equipped and ‘ready to go’ packages.
What Are The Biggest Benefits Of Doing Business In Sydney?
The tech industry is particularly fertile in Sydney right now, and it offers huge potential to startup companies with a lot of ambition. It is like a new Silicon Valley, but much friendlier and the market isn’t already oversaturated with developers and investors. There are a lot of very talented people in Australia, which means that it is relatively easy for businesses from overseas to set up and attract the best talent. The first step is finding a great office location; if you have an address that looks good on paper, people will want to know more about you.
Are There Any Downsides To Setting Up Business In Sydney?
The only major challenge at least, to begin with, is adjusting to the new time zone. This can be particularly hard for businesses that are used to handling large numbers of phone communications, for example. If you are an American, British, or Chinese business and you want to expand into the Australian market, you’ll have to find a way to stay in contact with vendors, clients, and investors at the other side of the world. However, this becomes much simpler with the use of virtual offices and their 24/7 receptionist services.
What Should Entrepreneurs Know About Doing Business In Sydney?
Sydney is a place where startups and entrepreneurs can afford to experiment a little with the way in which they do business. If you can find an office location that allows you the freedom to tailor resources to your needs, you can worry less about forecasting and predict future requirements. If you don’t need access to boardroom facilities now, that’s fine. You can invest the money on something more valuable and renegotiate your resources, if necessary, later on. This flexibility lies right at the heart of modern enterprise because it comes with a greater ability to shift and change along with the markets.
Author Bio: Alexandra Richards is an Australia-based business consultant. She takes a keen interest in business structures and work culture. Recently she has taken a particular interest in virtual offices by Servcorp. In her free time, she enjoys eating in local restaurants and trying to replicate the dishes at home.