Many women opt to start their own business, rather than paying the extra cost of purchasing one that is a going concern. They may have special skills and training that mean they can set up as a sole trader to save on the costs of employing staff. Many women who have training as accountant, hairdresser, beauty consultant, or in some other field can even set up in their home to save costs until they get an established clientele.
The need for registration
If you decide to go this route, there are several steps to take that make your business a legal entity and one is registration. This can be done easily enough online and all you have to do is answer some questions on an online form. Once the registration goes through you are given an Australian Business Number (ABN) that you can then use on all your brochures and advertising, not to mention invoices. This ensures a professional look and feel for your business. It is also a legal requirement, needed for your tax returns.