As Australians, we are known for having a bit of a whine about, well, almost everything! And the reality is, it is not hard to create a list of things that make operating a business in Australia a hard task.
According to recent research, the average Australian small business spends about five hours a week on red tape and compliance. This includes GST and BAS compliance, employment laws and superannuation regulations.
We have the highest minimum wage in the developed world and penalty rates are high. Adding up four weeks of annual leave, two weeks’ worth of public holidays, sick leave and other entitlements, means that small business owners are paying employees for nearly two non-working months each year.
Our transport costs are high, trading hours are regulated in some industries, rent is astronomical in urban areas and I could go on!
If you look only at the disadvantages of operating a business in Australia, your outlook would be very grim. But we can choose to focus on the negatives (which can only lead to failure) or we can give more attention to the positives.
Particularly as we mark Australia Day, a great way to do this is to look back on all the inventions that have come from Australia (most of which have turned into thriving and valuable enterprises). These include: the black box flight recorder, spray-on skin for burns victims, cochlear implant, the electric drill (back in 1889!), permaculture, wi-fi technology, the inflatable escape slide for aircrafts, and many more examples. I guarantee you that each of these inventors and entrepreneurs would have spent a great deal more time on their passions and projects, than focusing on the negatives.
We have a culture of innovation and exploration. Tap into that history and acknowledge that we truly live in the lucky country. Happy Australia Day!
Michelle Grice writes a weekly column for business women in The Western Weekender
