With the Australian Federal Government set to capitalise on current economic growth they are ensuring Australia is ready and ripe to bear the shifts in technology that will be seen throughout the economy and the world. As new technologies change what is produced, how and where goods and services are produced, there are opportunities abound for savvy businesses.<\/p>\n\n\n\n
Go in with a strong Australian business plan and continue to re-evaluate your company\u2019s strategy.<\/p>\n\n\n\n
\n\n\n\n
Entry into Australia adds to Credico\u2019s global sales network<\/a><\/h3>\n\n\n\n![\"Seated](\"https:\/\/intas.com.au\/wp-content\/uploads\/credico-business-australia-case-study-790.jpg\")
<\/figure><\/div>\n\n\n\nCredico has more than 400 independent sales offices across 16 countries, including more than 100 in the U.S. Responding to opportunities for their services in Australia and wanting to find a new market, Credico were able to establish 13 franchise sales offices in their first three years.<\/em><\/p>\n\n\n\n
\n\n\n\nAccess to Talent<\/strong><\/h2>\n\n\n\nOne of the key benefits of setting up and operating a business in Australia is access to a highly educated, multi-cultural workforce. Australia develops incredible talent which is valued on the global stage. An international business will always benefit from local expertise and support and is crucial for success.<\/p>\n\n\n\n
40 per cent of the Australian workforce have a tertiary education. They also benefit from an internationally recognised education system, quality scientific research institutions and the availability of specialised training services for further development.<\/p>\n\n\n\n
The diverse culture of the Australian workforce<\/a> is also perfect for global companies expanding to Australia \u2013 almost 30% of workers are born overseas, with 2.1 million able to speak an Asian language, and 1.3 million speak an European language.<\/p>\n\n\n\nWith an ageing population affecting the Australian economy, Australians are working longer. Workforce participation among people aged 65<\/a> and over is on a record high, with an increase from 12.3 percent to 14.6 percent over five years. Employing older staff brings many benefits to business \u2013 cognitive diversity, knowledge and expertise, patience, and a collaborative nature.<\/p>\n\n\n\nAccess to a new pool of highly trained and capable employees with unique skills and mindsets will help build a strong Australian entity. It could also provide benefits in your home country, bringing in new ways of thinking and sharing of ideas. In most industries where product\/service quality overrides quantity, every competitive edge adds up.<\/p>\n\n\n\n
Co-founder and CEO Maryam Sadeghi of the Canadian medtech, MetaOptima<\/a>, who set up business in Australia in 2019, found local talent was critical to her company\u2019s success in Australia.<\/p>\n\n\n\nShe said \u2018The knowhow we have found in Australia is very unique. Our scientists in Australia are pioneers; they are changing the whole ecosystem and leading the wave of skin cancer innovation. Being part of that innovative family, having those leaders on board is awesome.\u2019<\/p>\n\n\n\n
\n\n\n\nSoftware company\u2019s Australasian presence helps secure new market<\/a><\/h3>\n\n\n\n![\"Blurry](\"https:\/\/intas.com.au\/wp-content\/uploads\/business-people-scytl-case-study-790.jpg\")
<\/figure><\/div>\n\n\n\nScytl provides world leading secure electronic voting, election management and election modernisation software, to governments & organisations around the globe. <\/em><\/p>\n\n\n\nScytl recognised a need for an Australasian presence to secure a team of Australian talent with local legislation knowledge and government experience to quickly establish itself as a viable e-voting software company and to attract new customers.<\/em><\/p>\n\n\n\n
\n\n\n\nEmploying Australians, will, however, require a knowledge of the Australian payroll system. It is a statutory requirement that all businesses pay their employees correctly and on time. Our payroll guide<\/a> should help you to navigate the Australian payroll landscape.<\/p>\n\n\n\nDiversifying company markets<\/h2>\n\n\n\n
Diversifying company markets is clever business strategy to reduce your risk when existing markets shift, whether from unforeseen conditions, slowdowns or movement downwards.<\/p>\n\n\n\n
One way to diversify and stabilise, is to look at global markets as a source of new or different revenue. International markets may deliver your business new sectors within swift and transforming global supply chains.<\/p>\n\n\n\n
With developing and innovative technology, communications are making it easier for global companies to enter new markets. The delivery and access to business services, like marketing, management and technical knowledge all make it efficient and cost effective to cross traditional boundaries.<\/p>\n\n\n\n
As Australia gets stronger and wealthier, its growing middle class (across Asia Pacific as well), will demand more services – and these services will provide new opportunities for business.<\/p>\n\n\n\n
At present, Australia is seeing a growth in non-tradable services, in the areas of health, disabled services, and human services as well as caring and supporting older Australians as the population ages.<\/p>\n\n\n\n
Australia\u2019s Health Services subdivision<\/a> is forecast to continue growing strongly over the next five years due to its ageing population, the increasing prevalence of chronic diseases and the rising private health insurance membership levels.<\/p>\n\n\n\nGeneral hospitals are expected to account for much of this subdivision’s expansion with the growth in private health insurance coverage likely to continue to boost other allied health services that derive revenue from these private health benefits.<\/p>\n\n\n\n
Australia\u2019s tradable services, specifically, higher education, medicine, finance and business services, are seeing an increase in productivity through technology.<\/p>\n\n\n\n
The higher education sector has been the major beneficiary of Australia\u2019s growing economy, as we see shifts in our economic structures and the new skills required by the workforce. This increased demand for education is identified by Deloitte as one of five sectors capable of driving the next phase of Australian economic growth.<\/p>\n\n\n\n
Australian universities and research institutions are developing innovative technology, breakthrough solutions, solving real world challenges, and providing opportunities for productivity growth, better products, in some very challenging conditions.<\/p>\n\n\n\n
Could your business products or services be used by or adopted by these burgeoning Australian industries for further growth and diversification?<\/p>\n\n\n\n
Are there new business opportunities waiting for you in Australia?<\/h2>\n\n\n\n
With strong support from the Australian government at all levels \u2013 through grants, tax benefits, R&D, and pilot programs, Australia could be your next business destination.<\/p>\n\n\n\n
Research thoroughly, seek advice from experts and those who have done it before and team up with great Australian businesses whose sole purpose is to help you successfully expand internationally.<\/p>\n\n\n\n
Go on the journey with International Accounting Solutions.\u00a0 Our understanding of local regulations, laws, taxes and business practices and how these fit in with your global business could be the help you need today\u2026and tomorrow.\u00a0 Call our accounting team on 1300 319 870 or contact us here<\/a>.<\/p>\n\n\n\n![\"Neon](\"https:\/\/intas.com.au\/wp-content\/uploads\/do-something-great-790.jpg\")
<\/figure><\/div>\n\n\n\n
\n\n\n\nRelated reading<\/h3>\n\n\n\nWhat\u2019s happening in Australia?<\/h4>\n\n\n\n
While Australia\u2019s uptake of cloud technology has been slower over the last 15 years than other modern economies, the pendulum is swinging towards faster adoption. Read how the Australian cloud computing industry is set to boom<\/a>. <\/strong><\/p>\n\n\n\n
<\/figure><\/div>\n\n\n\nCredico has more than 400 independent sales offices across 16 countries, including more than 100 in the U.S. Responding to opportunities for their services in Australia and wanting to find a new market, Credico were able to establish 13 franchise sales offices in their first three years.<\/em><\/p>\n\n\n\n One of the key benefits of setting up and operating a business in Australia is access to a highly educated, multi-cultural workforce. Australia develops incredible talent which is valued on the global stage. An international business will always benefit from local expertise and support and is crucial for success.<\/p>\n\n\n\n 40 per cent of the Australian workforce have a tertiary education. They also benefit from an internationally recognised education system, quality scientific research institutions and the availability of specialised training services for further development.<\/p>\n\n\n\n The diverse culture of the Australian workforce<\/a> is also perfect for global companies expanding to Australia \u2013 almost 30% of workers are born overseas, with 2.1 million able to speak an Asian language, and 1.3 million speak an European language.<\/p>\n\n\n\n With an ageing population affecting the Australian economy, Australians are working longer. Workforce participation among people aged 65<\/a> and over is on a record high, with an increase from 12.3 percent to 14.6 percent over five years. Employing older staff brings many benefits to business \u2013 cognitive diversity, knowledge and expertise, patience, and a collaborative nature.<\/p>\n\n\n\n Access to a new pool of highly trained and capable employees with unique skills and mindsets will help build a strong Australian entity. It could also provide benefits in your home country, bringing in new ways of thinking and sharing of ideas. In most industries where product\/service quality overrides quantity, every competitive edge adds up.<\/p>\n\n\n\n Co-founder and CEO Maryam Sadeghi of the Canadian medtech, MetaOptima<\/a>, who set up business in Australia in 2019, found local talent was critical to her company\u2019s success in Australia.<\/p>\n\n\n\n She said \u2018The knowhow we have found in Australia is very unique. Our scientists in Australia are pioneers; they are changing the whole ecosystem and leading the wave of skin cancer innovation. Being part of that innovative family, having those leaders on board is awesome.\u2019<\/p>\n\n\n\n Scytl provides world leading secure electronic voting, election management and election modernisation software, to governments & organisations around the globe. <\/em><\/p>\n\n\n\n Scytl recognised a need for an Australasian presence to secure a team of Australian talent with local legislation knowledge and government experience to quickly establish itself as a viable e-voting software company and to attract new customers.<\/em><\/p>\n\n\n\n Employing Australians, will, however, require a knowledge of the Australian payroll system. It is a statutory requirement that all businesses pay their employees correctly and on time. Our payroll guide<\/a> should help you to navigate the Australian payroll landscape.<\/p>\n\n\n\n Diversifying company markets is clever business strategy to reduce your risk when existing markets shift, whether from unforeseen conditions, slowdowns or movement downwards.<\/p>\n\n\n\n One way to diversify and stabilise, is to look at global markets as a source of new or different revenue. International markets may deliver your business new sectors within swift and transforming global supply chains.<\/p>\n\n\n\n With developing and innovative technology, communications are making it easier for global companies to enter new markets. The delivery and access to business services, like marketing, management and technical knowledge all make it efficient and cost effective to cross traditional boundaries.<\/p>\n\n\n\n As Australia gets stronger and wealthier, its growing middle class (across Asia Pacific as well), will demand more services – and these services will provide new opportunities for business.<\/p>\n\n\n\n At present, Australia is seeing a growth in non-tradable services, in the areas of health, disabled services, and human services as well as caring and supporting older Australians as the population ages.<\/p>\n\n\n\n Australia\u2019s Health Services subdivision<\/a> is forecast to continue growing strongly over the next five years due to its ageing population, the increasing prevalence of chronic diseases and the rising private health insurance membership levels.<\/p>\n\n\n\n General hospitals are expected to account for much of this subdivision’s expansion with the growth in private health insurance coverage likely to continue to boost other allied health services that derive revenue from these private health benefits.<\/p>\n\n\n\n Australia\u2019s tradable services, specifically, higher education, medicine, finance and business services, are seeing an increase in productivity through technology.<\/p>\n\n\n\n The higher education sector has been the major beneficiary of Australia\u2019s growing economy, as we see shifts in our economic structures and the new skills required by the workforce. This increased demand for education is identified by Deloitte as one of five sectors capable of driving the next phase of Australian economic growth.<\/p>\n\n\n\n Australian universities and research institutions are developing innovative technology, breakthrough solutions, solving real world challenges, and providing opportunities for productivity growth, better products, in some very challenging conditions.<\/p>\n\n\n\n Could your business products or services be used by or adopted by these burgeoning Australian industries for further growth and diversification?<\/p>\n\n\n\n With strong support from the Australian government at all levels \u2013 through grants, tax benefits, R&D, and pilot programs, Australia could be your next business destination.<\/p>\n\n\n\n Research thoroughly, seek advice from experts and those who have done it before and team up with great Australian businesses whose sole purpose is to help you successfully expand internationally.<\/p>\n\n\n\n Go on the journey with International Accounting Solutions.\u00a0 Our understanding of local regulations, laws, taxes and business practices and how these fit in with your global business could be the help you need today\u2026and tomorrow.\u00a0 Call our accounting team on 1300 319 870 or contact us here<\/a>.<\/p>\n\n\n\n While Australia\u2019s uptake of cloud technology has been slower over the last 15 years than other modern economies, the pendulum is swinging towards faster adoption. Read how the Australian cloud computing industry is set to boom<\/a>. <\/strong><\/p>\n\n\n\n
\n\n\n\nAccess to Talent<\/strong><\/h2>\n\n\n\n
\n\n\n\nSoftware company\u2019s Australasian presence helps secure new market<\/a><\/h3>\n\n\n\n
<\/figure><\/div>\n\n\n\n
\n\n\n\nDiversifying company markets<\/h2>\n\n\n\n
Are there new business opportunities waiting for you in Australia?<\/h2>\n\n\n\n
<\/figure><\/div>\n\n\n\n
\n\n\n\nRelated reading<\/h3>\n\n\n\n
What\u2019s happening in Australia?<\/h4>\n\n\n\n