{"id":6423,"date":"2024-11-04T14:41:29","date_gmt":"2024-11-04T07:41:29","guid":{"rendered":"https:\/\/bluewisegroup.com.au\/?p=6423"},"modified":"2024-11-04T15:31:31","modified_gmt":"2024-11-04T08:31:31","slug":"building-your-own-business-in-australia-with-bluewise-group","status":"publish","type":"post","link":"https:\/\/bluewisegroup.com.au\/en\/building-your-own-business-in-australia-with-bluewise-group\/","title":{"rendered":"Building your own business in Australia with Bluewise Group"},"content":{"rendered":"<p data-padding=\"15px\"><span data-text-color=\"primary\">Detailed instructions from Bluewise CEO &#8211; Mr. Le Thanh Tung on how to start a business in Australia for Vietnamese people through the podcast &#8220;C\u01a1m \u00e1o g\u1ea1o ti\u1ec1n &#8211; Bi\u1ebfn \u00fd t\u01b0\u1edfng kinh doanh th\u00e0nh hi\u1ec7n th\u1ef1c v\u00e0 t\u1ef1 l\u00e0m ch\u1ee7 \u1edf \u00dac&#8221;.<\/span><\/p>\n<p data-padding=\"15px\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-6432\" src=\"https:\/\/bluewisegroup.com.au\/wp-content\/uploads\/2024\/11\/building-your-own-business-in-australia-with-bluewise-group-1200x676.png\" alt=\"\" width=\"1200\" height=\"676\" srcset=\"https:\/\/bluewisegroup.com.au\/wp-content\/uploads\/2024\/11\/building-your-own-business-in-australia-with-bluewise-group-1200x676.png 1200w, https:\/\/bluewisegroup.com.au\/wp-content\/uploads\/2024\/11\/building-your-own-business-in-australia-with-bluewise-group-2000x1127.png 2000w, https:\/\/bluewisegroup.com.au\/wp-content\/uploads\/2024\/11\/building-your-own-business-in-australia-with-bluewise-group-768x433.png 768w, https:\/\/bluewisegroup.com.au\/wp-content\/uploads\/2024\/11\/building-your-own-business-in-australia-with-bluewise-group-1536x866.png 1536w, https:\/\/bluewisegroup.com.au\/wp-content\/uploads\/2024\/11\/building-your-own-business-in-australia-with-bluewise-group-2048x1154.png 2048w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p data-padding=\"15px\"><span data-text-color=\"primary\">In the podcast episode \u201cC\u01a1m \u00e1o g\u1ea1o ti\u1ec1n: Bi\u1ebfn \u00fd t\u01b0\u1edfng kinh doanh th\u00e0nh hi\u1ec7n th\u1ef1c\u201d by CEO of Bluewise Group &#8211; Mr. Le Thanh Tung, will share the foundational steps for Vietnamese individuals in Australia to confidently open their own small business or store. With over a decade of experience in business investment consulting, Mr. Tung provides a comprehensive guide covering legal processes, business planning, financial management, and business development. This podcast episode is a practical handbook, offering the Vietnamese community a clear path to successfully bringing their business ideas to life in Australia.<\/span><\/p>\n<h1 data-padding=\"15px\"><span data-text-color=\"primary\">1. Discovering business ideas<\/span><\/h1>\n<ul>\n<li><span data-text-color=\"primary\">Identify a product or service that aligns with your personal interests and skills.<\/span><\/li>\n<li><span data-text-color=\"primary\">Explore potential business ideas, such as opening a beauty salon, a fashion store, or a restaurant.<\/span><\/li>\n<li><span data-text-color=\"primary\">Conduct market research to grasp trends and assess customer needs.<\/span><\/li>\n<\/ul>\n<h1 data-padding=\"15px\"><span data-text-color=\"primary\">2. Conducting market research<\/span><\/h1>\n<p data-padding=\"15px\"><span data-text-color=\"primary\">Once you have a business idea, research the market to understand competitors, target customers, and market demand. Key questions to answer include:<\/span><\/p>\n<ul>\n<li><span data-text-color=\"primary\">Who are your potential customers?<\/span><\/li>\n<li><span data-text-color=\"primary\">What are their needs and expectations from your product or service?<\/span><\/li>\n<li><span data-text-color=\"primary\">Who are the main competitors, and how do they attract customers? A thorough market research helps you identify your strengths and weaknesses relative to competitors and unveils growth opportunities for the future.<\/span><\/li>\n<\/ul>\n<h1 data-padding=\"15px\"><span data-text-color=\"primary\">3. Planning a business<\/span><\/h1>\n<p data-padding=\"15px\"><span data-text-color=\"primary\">A business plan is a critical document outlining the strategy for your business development. It should include:<\/span><\/p>\n<ul>\n<li><span data-text-color=\"primary\">Business description: A summary of the business sector and products or services offered.<\/span><\/li>\n<li><span data-text-color=\"primary\">Market analysis: Your findings from market research.<\/span><\/li>\n<li><span data-text-color=\"primary\">Marketing strategy: How you plan to attract and retain customers.<\/span><\/li>\n<li><span data-text-color=\"primary\">Financial plan: Budget, costs, and profit projections. A business plan not only helps organize your ideas but also serves as a basis for attracting investment or securing loans if needed.<\/span><\/li>\n<\/ul>\n<h1 data-padding=\"15px\"><span data-text-color=\"primary\">4. Ensuring legal procedures &#8211; Business license<\/span><\/h1>\n<p data-padding=\"15px\"><span data-text-color=\"primary\">Ensure compliance with legal regulations, including applying for a business license and food safety documents if necessary. Note that different types of businesses and industries have varied legal requirements.<\/span><\/p>\n<h1 data-padding=\"15px\"><span data-text-color=\"primary\">5. Securing capital and managing finances<\/span><\/h1>\n<ul>\n<li><span data-text-color=\"primary\">Determine the amount of capital needed for initial costs such as raw materials, premises, advertising.<\/span><\/li>\n<li><span data-text-color=\"primary\">Set up a financial management system to track costs, profits, and cash flow effectively.<\/span><\/li>\n<\/ul>\n<h1 data-padding=\"15px\"><span data-text-color=\"primary\">6. Marketing and promotion<\/span><\/h1>\n<ul>\n<li><span data-text-color=\"primary\">Leverage social media platforms like Facebook and Instagram to promote your products. Consider creating a website, opening social media accounts, and using digital marketing tools such as ads, or creating attractive content.<\/span><\/li>\n<li><span data-text-color=\"primary\">For brick-and-mortar stores, employ traditional methods like flyers, grand opening promotions, and partnerships with nearby businesses to attract customers.<\/span><\/li>\n<\/ul>\n<h1 data-padding=\"15px\"><span data-text-color=\"primary\">7. Supporting customer<\/span><\/h1>\n<p data-padding=\"15px\"><span data-text-color=\"primary\">Maintaining good relationships with customers is key to long-term business success.<\/span><\/p>\n<ul>\n<li><span data-text-color=\"primary\">Provide good customer service, listen to feedback to improve products\/services.<\/span><\/li>\n<li><span data-text-color=\"primary\">Implement loyalty programs and special offers to build customer loyalty.<\/span><\/li>\n<\/ul>\n<h1 data-padding=\"15px\"><span data-text-color=\"primary\">8. Evaluating and improving<\/span><\/h1>\n<ul>\n<li><span data-text-color=\"primary\">Regularly monitor, assess, and optimize business operations.<\/span><\/li>\n<li><span data-text-color=\"primary\">Adjust strategies and improve processes to enhance efficiency in a competitive environment.<\/span><\/li>\n<\/ul>\n<p data-padding=\"15px\"><span data-text-color=\"primary\">In conclusion, starting a small business requires patience, research, and detailed planning. From identifying ideas, conducting market research, creating a business plan to promoting products and managing finances, each step is essential for a sustainable and successful business. Mr. Le Thanh Tung&#8217;s podcast is not only a guide but an inspiration for those aspiring to build a sustainable small business. Stay tuned for more valuable insights from Bluewise.<\/span><\/p>\n<p data-padding=\"15px\"><span data-text-color=\"primary\">Listen to the full podcast<em> <a href=\"https:\/\/www.sbs.com.au\/language\/vietnamese\/vi\/podcast-episode\/starting-a-business\/u271ziqti\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong>.<\/a><\/em><\/span><\/p>\n<p><span data-text-color=\"primary\">For those seeking to take their business further, contact Bluewise Group for detailed consultation via this <a href=\"https:\/\/forms.office.com\/r\/bke88a1kxe\" target=\"_blank\" rel=\"noopener\"><em><strong>link<\/strong>.<\/em><\/a><\/span><\/p>\n<h2 data-padding=\"15px\"><span data-text-color=\"primary\"><strong>Contact Info:<\/strong><\/span><\/h2>\n<ul>\n<li><span data-text-color=\"primary\">Bluewise Group | Bluewise Business Advisory | Bluewise Migration Advisory<\/span><\/li>\n<li><span data-text-color=\"primary\">Head Office: Liberty Plaza \u2013 Level 1, 28\/256 Chapel Rd Bankstown NSW<\/span><\/li>\n<li><span data-text-color=\"primary\">HCM Branch: 339\/10A Le Van Sy, Ward 13, District 3, Ho Chi Minh City<\/span><\/li>\n<li><span data-text-color=\"primary\">Hotline: AU 0450 895 589 \u2013 VN 1800 599 932<\/span><\/li>\n<li><span data-text-color=\"primary\">Email:\u00a0<a href=\"mailto:bw@bluewisegroup.com.au\" data-padding=\"15px\">bw@bluewisegroup.com.au<\/a><\/span><\/li>\n<\/ul>\n<p><!-- notionvc: 8ac8bf46-4b2d-421b-a6b1-1f8008d2ca1c --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Detailed instructions from Bluewise CEO &#8211; Mr. Le Thanh Tung on how to start a business in Australia for Vietnamese people through the podcast &#8220;C\u01a1m \u00e1o g\u1ea1o ti\u1ec1n &#8211; Bi\u1ebfn \u00fd t\u01b0\u1edfng kinh doanh th\u00e0nh hi\u1ec7n th\u1ef1c v\u00e0 t\u1ef1 l\u00e0m ch\u1ee7 \u1edf \u00dac&#8221;. In the podcast episode \u201cC\u01a1m \u00e1o g\u1ea1o ti\u1ec1n: Bi\u1ebfn \u00fd t\u01b0\u1edfng kinh [&#8230;]\n","protected":false},"author":2,"featured_media":6432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-6423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-board"],"_links":{"self":[{"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/posts\/6423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/comments?post=6423"}],"version-history":[{"count":6,"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/posts\/6423\/revisions"}],"predecessor-version":[{"id":6441,"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/posts\/6423\/revisions\/6441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/media\/6432"}],"wp:attachment":[{"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/media?parent=6423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/categories?post=6423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluewisegroup.com.au\/en\/wp-json\/wp\/v2\/tags?post=6423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}